Nursing care prices increase 3.3% in January, but spending down 7.8%
By
Amy Novotney
Feb 23, 2021
National health spending on nursing care dropped 7.8% in 2020 compared with the previous year, according to a health sector economic indicator brief released Friday by nonprofit research and consulting...
REIT stocks finish one of their worst weeks ever
By
Amy Novotney
Mar 16, 2020
Last week marked one of the worst weeks of all time for U.S. equity real estate investment trust stocks, as the coronavirus pandemic spread and fear in the investment world intensified, according to an...
Business briefs for Monday, June 15
Jun 15, 2020
New Jersey firm spends $45M for group of Florida nursing homes, assisted living facilities … Louisiana “aging in place” seniors housing development received $10M in PRIME funding … Gurwin Healthcare...
Genesis and Ensign Group see shares drop amidst House COVID-19 nursing home investigation
By
Amy Novotney
Jun 22, 2020
Last week, a House of Representatives committee launched an investigation into how five large nursing home companies have handled COVID-19. Among the nursing homes under investigation are publicly traded...
House releases scaled down relief bill
By
Amy Novotney
Sep 30, 2020
House Democrats unveiled a $2.2 trillion COVID-19 relief bill late Monday, in an attempt to break the impasse on negotiations before the election. The latest version of the Health and Economic Recovery...
Seniors housing and care M&A activity drops 39% in the first quarter
By
Amy Novotney
Apr 15, 2021
After a strong fourth quarter, merger and acquisition activity within the senior housing and care industries dropped precipitously to 77 deals in the first quarter of this year, according to data released...
Sentara Healthcare joins list of firms exiting sector
By
Amy Novotney
Aug 19, 2020
Virginia-based Sentara Healthcare is selling all seven of its skilled nursing and senior living communities to Saber Health Group, an Ohio-based senior living and care organization with more than 120 facilities...
Coronavirus forcing investors to realize seniors housing is not just a real estate play
By
Amy Novotney
May 14, 2020
After years spent viewing seniors housing as a potential cash cow given the graying of the baby boomer generation, the coronavirus pandemic is forcing investors in the sector to recognize that they are...
NIC panelists remain bullish, despite COVID-19
By
Amy Novotney
Jun 05, 2020
Although COVID-19 continues to hit the seniors housing industry hard in terms of increased operational expenses, most investors and capital providers still believe the sector is likely to withstand the...
Only ‘very small percent’ of LTC providers will require staff to get COVID vaccine: LeadingAge poll
By
Amy Novotney
Jan 04, 2021
An informal poll conducted late last month by one LeadingAge state partner found that only a very small percent of long-term care operators plan to require a COVID-19 vaccine as a condition of employment,...