Senior living occupancy on brink of 10 quarters of positive growth … Plenty of space and still a ‘tight squeeze’ for new construction in skilled nursing … Fitch Ratings downgrades Morningside...
Long-term care deal volume down as 2024 approaches
By
Kathleen Steele Gaivin
Dec 13, 2023
As long-term care operators prepare for 2024, the volume of senior housing and care deals is down, Paul Branin, vice president of business development at management and consulting firm Health Dimensions...
Federal government boosts support of HCBS, releases worker registry guidance
By
Kathleen Steele Gaivin
Dec 13, 2023
When the American Rescue Plan Act was passed in 2021, home- and community-based services were estimated to receive $12 billion. Now, $37 billion is now being used for HCBS across the country in all 50...
The needs of middle-class Americans over 55 often go unmet: SCEPA
By
Kathleen Steele Gaivin
Dec 06, 2023
Many adults aged 55 and older who have difficulty with daily and instrumental activities aren’t getting the help they need, research associate Jessica Forden of the Schwartz Center for Economic Policy...
Fitch offers bleak outlook for life plan communities for 2024
By
Kathleen Steele Gaivin
Dec 05, 2023
Continuing care retirement / life plan communities are facing “fierce economic headwinds” heading into next year, according to a report released Monday by Fitch Rating
New insurance rider aims to be solution for LTSS funding
By
Kathleen Steele Gaivin
Nov 30, 2023
Transamerica Corp. has introduced a flexible long-term care insurance rider, the Cedar Rapids, IA-based holding company announced Monday. The rider is meant to provide an extra layer of savings when the...
CareTrust REIT moves forward with ‘foot on the gas’
By
Kathleen Steele Gaivin
Nov 13, 2023
San Clemente, CA-based real estate investment trust CareTrust REIT returned to “significant external growth” this year, President and CEO Dave Sedgwick said as the company released earnings results...
Business briefs, Nov. 13
By
Kathleen Steele Gaivin
Nov 13, 2023
Lawmakers propose 3 ways to address long-term care workforce challenges … Geography matters in senior living trademark battle, judge finds … Industry veteran uses expertise to advance gender, ethnic...
Skilled nursing occupancy tops 82 percent for first time since April 2020
By
Kathleen Steele Gaivin
Nov 07, 2023
Skilled nursing occupancy is up 142 basis points year over year as of the end of August. Occupancy reached 82.3% in August, topping 82% for the first time since April 2020, according to the latest Skilled...
Ignite Medical Resorts continues growth burst, expands into 7th state
By
James M. Berklan
Nov 01, 2023
Ignite Medical Resorts completed the acquisition of two northwest Indiana skilled nursing facilities Tuesday, swelling its total holdings to 21.