Fundamentals make it easy to get excited about senior living, expert says
By
Kimberly Bonvissuto
Mar 18, 2024
With solid demand, increasing occupancy and reduced supply, the underlying fundamentals driving top-line revenue growth in senior living are good, making it difficult not to get excited about the sector...
Assisted living sees 1.4 percent rate increase, lower than all other long-term care settings
By
Kimberly Bonvissuto
Mar 13, 2024
Although rate increases in assisted living communities were relatively low last year, increasing by 1.4% over 2022, those rates went up by 18.9% in total from 2021 to 2023, according to Genworth’s Cost...
Proposal would add Kentucky to mix of states trying to address long-term care financing
By
Kimberly Bonvissuto
Mar 13, 2024
Senior living provider groups are applauding Kentucky’s proactive approach to helping its residents pay for future long-term care needs with a proposal to form a task force to explore a statewide insurance...
Long-term care rates up 1 to 10 percent: survey
By
Kathleen Steele Gaivin
Mar 13, 2024
Year-over-year rate increases in long-term care ranged from 1% to 10% across setting types, according to the results of Genworth’s Cost of Care Survey 2023, published Tuesday.
BLS: Nursing, residential care facilities add 11,000 jobs in February
By
Kathleen Steele Gaivin
Mar 11, 2024
Nursing and residential care facilities, collectively, generated 11,000 jobs in February, according to Friday’s jobs report from the Bureau of Labor Statistics.
Initial claims for unemployment stabilize week over week
By
Kathleen Steele Gaivin
Mar 08, 2024
Week-over-week initial claims for unemployment for the week ended March 2 remained flat at 217,000, according to data released Thursday by the Department of Labor’s Bureau of Labor Statistics.
Job gains ‘remain solid’ in February: ADP
By
Kathleen Steele Gaivin
Mar 07, 2024
“Job gains remain solid,” ADP Chief Economist Nela Richardson said in a press release issued Wednesday in conjunction with an ADP National Employment Report Economy Lab report.
Senior living occupancy recovery driven by ‘steadfast absorption,’ aging population: report
By
Kathleen Steele Gaivin
Mar 06, 2024
“Steadfast absorption sustains occupancy recovery” across memory care, assisted living and continuing care retirement communities, according to a new report from commercial real estate investment sales...
Independent contractor rule’s effects ‘likely to be limited’ for employers, attorney says
By
Kathleen Steele Gaivin
Mar 04, 2024
As long-term care and other employers prepare to implement the Department of Labor’s independent contractor rule March 11, “the impact of this is likely to be limited” for employers, according to...
National Church Residences community receives almost $3 million for green energy, climate resilience...
By
Kimberly Bonvissuto
Mar 01, 2024
A National Church Residences affordable senior housing community in Indiana will receive $2.7 million in federal grant funding to support clean energy and climate resilience upgrades.