Long-term care operator Diversicare to be acquired by DAC Acquisition
By
Lois A. Bowers
Aug 27, 2021
Brentwood, TN-based Diversicare Healthcare Services will be acquired by New York-based retirement assets manager DAC Acquisition, the company announced Friday morning. The transaction is expected to close...
Supreme Court declines to review negligence suit
By
Kathleen Steele Gaivin
Dec 08, 2021
U.S. Supreme Court justices declined on Monday to review a South Carolina court’s decision refusing to enforce an arbitration clause in a negligence case brought against an assisted living facility.
Trustwell Living acquires Illinois assisted living community
By
Kathleen Steele Gaivin
Jun 01, 2022
New York-based Trustwell Living closed last month on a senior living community in Springfield, IN, the company recently announced. It reportedly is the first acquisition for the company, founded in January...
Overtime pay threshold, ‘joint employer’ regulation updates coming in 2022
By
Kimberly Bonvissuto
Dec 14, 2021
The federal government plans to propose updates to the threshold for overtime pay and joint employment regulations in the new year.
Capital Funding Group sets record in 2021, financing more than $3.8B
By
Kathleen Steele Gaivin
Jan 25, 2022
Capital Funding Group doubled its 2020 annual financing total with a record-setting $3.8 billion in 2021, the provider of financing solutions for multifamily properties and healthcare facilities disclosed...
Senior housing average daily census rates within Irvine, CA-based Healthpeak Properties fell to 76.8% in August, dropping 0.9% compared with July, according to an investor presentation posted by the real...
Earnings call wrap-up: Senior living operators and REITs prep for post-pandemic growth
By
Amy Novotney
Feb 26, 2021
Amid a flurry of fourth-quarter and year-end earnings reports released this week, several senior living operators and real estate investment trusts announced moves aimed at harnessing long-term growth,...
Industry veteran hopes new company will be ‘next best regional operator’
By
Kathleen Steele Gaivin
Feb 09, 2022
Eighteen-year senior living veteran Scott McCorvie launched Vita Senior Living this month with plans to acquire select communities in Florida.
Diversity and inclusion progress continues despite COVID-19 challenges: Study
By
Kathleen Steele Gaivin
Jan 12, 2022
Most corporate human resources diversity leaders (67%) believe that the pandemic has not adversely affected improvements that their organizations have made related to diversity and inclusion, according...
Preventive measures could pay off for senior living provider
By
Amy Novotney
Apr 13, 2020
McMinnville, OR-based senior living provider The Springs Living already has spent approximately $300,000 to date on efforts to prevent the spread of COVID-19 within its communities, and company executives...