Eliminated from COVID relief package, senior living turns its focus to Provider Relief Fund
By
Lois A. Bowers
Mar 05, 2021
With Congress poised to pass the $1.9 trillion American Rescue Plan Act without dedicated coronavirus relief for senior living communities, the role of the Coronavirus Aid, Relief, and Economic Security...
More news for Friday, March 5
Mar 05, 2021
Comments due today on Georgia assisted living standards … South Dakota Senate to consider bill requiring assisted living communities to post visitation policies … PA governor extends assistance teams...
Pandemic will forge an improved senior living product, leaders say
By
Kimberly Bonvissuto
Mar 04, 2021
COVID-19 has had a devastating effect on the senior living industry. But industry experts said Wednesday that they are optimistic it will emerge a better product on the other side.
Record-breaking $1.09B disbursed for affordable housing as provider group lobbies for $1.2B in COVID...
By
Lois A. Bowers
Mar 04, 2021
The Federal Housing Finance Agency’s announcement of the authorization of a record-breaking $1.09 billion disbursement to the Fannie Mae and Freddie Mac affordable housing allocations “will undoubtedly...
HHS: Medicare overpaid Brookdale $3.3M for improperly billed claims for home health provided to assisted...
By
Lois A. Bowers
Mar 02, 2021
The Medicare program made approximately $3.3 million in overpayments to Brookdale Home Health for claims that were incorrectly billed for home health services provided to assisted living residents and...
Supporting frontline workers key to resolving senior living’s ‘burnout crisis,’ data show
By
Kimberly Bonvissuto
Mar 01, 2021
After battling COVID-19 on the front lines for almost a year, senior living employees are at a breaking point — even more so than workers in home health agencies, hospitals or retail settings, according...
Assisted living average price per unit falls 30 percent during pandemic
By
Lois A. Bowers
Mar 01, 2021
The average price per unit in assisted living fell 30% from 2019 to 2020, driven by the sale of numerous “lower-quality” assisted living communities, according to newly released data.
New Senior to move 21 communities from Holiday to Atria to diversify portfolio
By
Lois A. Bowers
Feb 26, 2021
New Senior Investment Group will transition the management of 21 senior living communities in its 103-community portfolio from Holiday Retirement to Atria Senior Living in an effort to diversify the operator...
Pennant puts acquisitions on hold for senior living but not home health, hospice
By
Lois A. Bowers
Feb 26, 2021
In the midst of a “challenging operating environment” for senior living, The Pennant Group does not plan to allocate capital for acquisitions in the sector in the near term “as our leaders focus...
Brookdale announces $400 million sale of majority stake in home health, hospice, therapy business to...
By
Lois A. Bowers
Feb 24, 2021
Brookdale Senior Living has agreed to sell its majority stake in Brookdale Health Care Services — provider of home health, hospice and therapy services — to HCA Healthcare, the country’s largest...