Employers could see healthcare costs rise 10% next year: PwC
By
Amy Novotney
Jun 30, 2020
Employers are likely to face an increase in medical costs of between 4% and 10% for their employees in 2021, according to a new report from PricewaterhouseCoopers.
Business briefs for Friday, Aug. 28
Aug 29, 2020
New Fed approach to inflation could keep interest rates low for even longer … Monticello provides $2M in working capital financing for Wisconsin SNF portfolio … Cedarhurst Senior Living opens new community...
Economy’s path depends on course of the virus: Fed
By
Amy Novotney
Jul 30, 2020
Business executives, including those within the seniors housing industry, likely can expect additional help from the Federal Reserve as the COVID-19 pandemic continues to take its toll on the nation’s...
Assisted living pioneer celebrates 50 years
By
Amy Novotney
May 18, 2022
Christian Living Communities is celebrating the 50-year anniversary of its founding this month. Read more, and find out how to submit your photos!
Brookdale to pay $3.25 million in 10-facility settlement over alleged illegal practices
By
Amy Novotney
Mar 15, 2022
Brentwood, TN-based Brookdale Senior Living has reached a $3.25 million settlement with the state of California in response to a legal action filed last year accusing Brookdale of lying to the Centers...
Employee giveaway is a gas
By
Amy Novotney
Jun 15, 2022
Employees at Friendship Retirement Community have an even greater incentive to pick up an extra shift or two this month. Learn more, and see how you can submit your photos!
False Claims Act judgment of more than $258M forces nursing home chain to file for bankruptcy
By
Amy Novotney
Mar 04, 2021
Six nursing home business affiliates of Consulate Health Care sought Chapter 11 protection Monday, according to a Law360 report Tuesday.
U.S. Treasury task force: Federal government must educate public about LTC costs
By
Amy Novotney
Aug 17, 2020
The Treasury and other federal agencies should do a better job educating consumers about long-term care and the need to finance it. That’s according to a report released last week by the Federal Interagency...
Senior housing construction recovery likely to be slower than most commercial real estate sectors: report
By
Amy Novotney
Mar 05, 2021
After weathering an extremely volatile year, 2021 is expected to bring more stability to the construction industry, but recovery within senior housing is likely to take longer than other sectors as a result...
Industry leaders plead for fiscal relief
By
Amy Novotney
Oct 15, 2020
Citing a worsening pandemic, the American Health Care Association / National Center for Assisted Living warned again Wednesday that widespread financial challenges loom over many long-term care facilities.