Ignite boosts Texas presence via $12.7 million joint venture with LTC Properties
By
Kathleen Steele Gaivin
Apr 05, 2024
Ignite Medical Resorts will expand its footprint in Texas through a $12.7 million loan from Westlake Village, CA-based real estate investment trust LTC Properties that will enable the operator to purchase...
SNH: Five Star initiatives will address CCRC challenges
By
Lois A. Bowers
Mar 01, 2018
Weaker performance in skilled nursing operations at Five Star Senior Living CCRCs “heavily influenced” a decline in rent coverage in a Senior Housing Properties Trust portfolio, said the REIT’s...
Nursing homes previously sued for Medicare fraud received hundreds of millions in coronavirus relief...
By
Amy Novotney
Aug 05, 2020
For-profit nursing home operators that have faced accusations of Medicare fraud and kickbacks in recent years received more than $300 million in coronavirus relief payments, according to a Washington Post...
Independent living hot with investors: report
By
Lois A. Bowers
Oct 11, 2016
Independent living offers the biggest opportunity for investment in seniors housing, according to the latest CBRE Seniors Housing & Care Investor Survey, released Tuesday.
Biosensor company on a mission to plug leaks from failed IV insertion
By
Aaron Dorman
Oct 12, 2023
A health tech company that makes biosensors for IV insertions is hoping to significantly expand its market this fall.
LTC Properties, PruittHealth joint venture buys 3 Florida SNFs for $62 million
By
Kathleen Steele Gaivin
Sep 13, 2022
LTC Properties announced Monday a $62 million joint venture with Norcrorss, GA-based PruittHealth to buy three skilled nursing facilities in northern Florida. PruittHealth is a new partner for the Westlake...
Bake sale-supported nursing home turns to assisted living to survive
By
Josh Henreckson
Apr 05, 2024
A Rhode Island nursing home that had turned to a grassroots funding campaign that included a resident-run bake sale to avoid closure is reworking one of its floors into a memory-care focused assisted...
Eskaton sells SNFs to Cypress for $35.6 million to focus on senior living, home care
By
Lois A. Bowers
Apr 10, 2023
Carmichael, CA-based provider Eskaton is selling its three stand-alone skilled nursing facilities for $35.6 million as part of a plan to “expand and enhance” the company’s offerings in independent...
Fitch says ratings changes could benefit SNF-heavy CCRCs
By
Kathleen Steele Gaivin
Mar 18, 2024
Fitch Ratings’ proposed changes to the way it rates not-for-profit continuing care retirement / life plan communities are designed to provide “much more transparency around [communities] that don’t...
Pressing questions about rural telehealth access and investments put innovation in danger
By
Kimberly Marselas
Jan 23, 2024
Questions remain about how much providers will be able to rely on telehealth, remote monitoring and other technologies to come in the years ahead — and whether the government will make the needed legal,...