Milken Institute to spearhead Aging Innovation Collaborative with $3 million from NIC
By
Kathleen Steele Gaivin
Nov 07, 2023
The Santa Monica, CA-based Milken Institute has received a $3 million grant from the National Investment Center for Seniors Housing & Care to establish the Aging Innovation Collaborative within Milken’s...
Americans are facing a “new retirement reality” brought on by economic challenges such as inflation, market volatility, financial crises and fears of bank failures, according to a recently released...
Should US follow Canada’s example in addressing workforce woes?
By
Kathleen Steele Gaivin
Feb 07, 2023
Canada is turning to immigration in a big way to fill jobs left unfilled by its citizens. Could there be a lesson for the United States? Immigration accounts for almost 100% of Canada’s labor force growth,...
REIT ownership linked to decline in RN staffing, increases in LPN, CNA use
By
Kathleen Steele Gaivin
Jan 27, 2023
Nursing homes, after being purchased by a real estate investment trust, are likely to see increases in licensed practical nurse and certified nursing assistant staff hours per resident day of 2.15% and...
Welltower touts ‘strengthening fundamentals’ in third quarter
By
Kathleen Steele Gaivin
Sep 12, 2023
The third quarter has been marked by “strengthening seniors housing fundamentals driving continued momentum during peak leasing season,” Toledo-based real estate investment trust Welltower said Monday...
Senior living occupancy rose 0.6 percentage points in second quarter: NIC
By
Kathleen Steele Gaivin
Aug 02, 2023
Senior living occupancy (independent living and assisted living) rose 0.6 percentage points to 83.7% from the first quarter to the end of the second quarter. That’s according to the analytics research...
Good Sam, Ebenezer parents’ merger faces new challenge from healthcare union
By
Kathleen Steele Gaivin
Mar 07, 2023
A planned merger between the parent companies of the Evangelical Lutheran Good Samaritan Society and Ebenezer Senior Living, which seemed all but certain a few months ago, is facing mounting challenges...
Providers need ‘meaningful aid,’ groups say as president unveils executive order
By
Kathleen Steele Gaivin
Apr 19, 2023
Building a pipeline of professional caregivers and then retaining them in long-term care are some of the goals of an executive order signed Tuesday by President Biden. Provider groups responded by calling...
Brightview Senior Living to use $202 million fund to develop new properties
By
Kathleen Steele Gaivin
Dec 12, 2022
Baltimore-based Brightview Senior Living has raised $202 million in a new fund that the company will use to develop eight or nine new senior living communities over the next three years, CEO and President...
Dwyer Workforce Development closes $590 million, 50-SNF deal
By
Kathleen Steele Gaivin
Sep 22, 2022
The Baltimore-based Jack and Nancy Dwyer Workforce Development Center announced Wednesday the $590 million acquisition of a Texas-based 50-skilled-nursing-facility portfolio managed by Regency Integrated...