Survey: 43 percent of baby boomers are worse off financially after 2022
By
Kathleen Steele Gaivin
Jan 13, 2023
Forty-three percent of baby boomers — the generation born between 1946 and 1964 — are worse off financially than they were a year ago, according to the results of a recent survey by Fidelity Investments.
Private letter ruling gives Welltower added flexibility in managing independent living units
By
Kathleen Steele Gaivin
Nov 28, 2022
A private letter ruling by the Internal Revenue Service will provide Toledo, OH-based Welltower with “significant flexibility” in operating its approximately 45,000 independent living units, the real...
Americans refocusing on future amid decline in financial readiness for retirement: analysis
By
Kathleen Steele Gaivin
May 31, 2023
Although financial readiness for retirement had been waning in recent years, Americans appear to be refocusing their efforts on saving for the future, according to Fidelity Investments’ Retirement Savings...
Long-term care staffing challenges likely to worsen, commission reports
By
Kathleen Steele Gaivin
May 10, 2023
Staffing challenges in long-term care are only expected to get worse, according to a report released Monday by the Pennsylvania Joint State Government Commission.
Kandu / Bloom divest of skilled nursing facilities to focus on senior living
By
Kathleen Steele Gaivin
Mar 28, 2023
Birmingham, MI-based Bloom Senior Living and Kandu Capital have extricated themselves from their skilled nursing facilities and mental health / psychiatric facilities to focus on their portfolio of independent...
Home health, hospice M&A up 20 percent in second quarter
By
Kathleen Steele Gaivin
Jul 27, 2023
Home health and hospice mergers and acquisition activity increased by 20% in the second quarter over the first quarter, but deals were down 14% compared with the second quarter of 2022, according to recently...
New federal rules aim to strengthen employer health plan mental health coverage
By
Kathleen Steele Gaivin
Jul 26, 2023
Employer-sponsored health plans would come under increased scrutiny to cover mental health and substance abuse disorders at the same level as physical healthcare under proposed rules introduced Tuesday...
Rebound expected for M&A in senior living and care
By
Kathleen Steele Gaivin
Feb 28, 2024
Mergers and acquisitions activity in senior living and care faltered in 2023 for various economic reasons, but M&A is expected to rebound this year, according to the experts at accounting and consulting...
Genesis Healthcare adds 38 former ProMedica SNFs to portfolio
By
Kathleen Steele Gaivin
Feb 01, 2023
Kennett Square, PA-based Genesis Healthcare is adding 34 nursing homes in Pennsylvania and four in Colorado, all formerly operated by Toledo, OH-based ProMedica Senior Care.
This senior living community has celebrity chef, restaurant open to public
By
Kathleen Steele Gaivin
Nov 17, 2022
When The Hacienda at Georgetown opens near Austin, TX, in early 2023, the amenities on the 13-acre campus will include fine-dining meals prepared by celebrity chef Stephan Pyles.