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...
Small-business owners could face challenges related to PPP loan forgiveness
By
Amy Novotney
May 06, 2020
The Small Business Administration’s Paycheck Protection Program has been plagued by technical glitches and complaints of misallocated funds, but many experts say the biggest challenges may come when...
Occupancy, operator fundamentals biggest variable when it comes to accessing capital: Marcus & Millichap
By
Amy Novotney
Sep 09, 2020
Capital costs are being driven by two factors. One is pandemic-related occupancy losses. The other is property characteristics. That’s according to Andrew Van Zee, an investment broker with the Knapp...
Chicago launches accessory dwelling unit pilot program to help ease housing shortage
By
Amy Novotney
May 04, 2021
Applications are now being accepted from property owners in five pilot areas in the city of Chicago to allow for the creation of accessory dwelling units, or ADUs, in an effort to expand housing across...
Earnings call wrap-up: Senior living operators and REITs offer cautious optimism toward pandemic recovery
By
Amy Novotney
May 10, 2021
Amid a flurry of first-quarter earnings reports released last week, several senior living operators and real estate investment trusts announced a start to occupancy uptick and possible post-pandemic growth.
Many operators have not sought PPP loan forgiveness: Ziegler
By
Amy Novotney
Aug 26, 2020
Many senior living recipients of Paycheck Protection Program loans have not filed applications for loan forgiveness, according to data compiled by specialty investment bank Ziegler.
Business briefs for Friday, Nov. 13
Nov 13, 2020
Invesque amends corporate credit facility; executes memorandum of understanding with SymCare … Pandemic’s costs to senior living on track to reach $17 billion: ASHA … Nursing homes are in era of...
More tech needed to plug long-term care ‘service gap,’ one industry expert says
By
Amy Novotney
Mar 02, 2021
The impending intersection of a growing older adult population and the ongoing inadequate number of caregivers employed to assist them makes it imperative that senior living and care operators continue...
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...
Pennant Group again increases 2020 guidance; highlights strong balance sheet
By
Amy Novotney
Nov 12, 2020
After already increasing its 2020 annual adjusted earnings per share guidance by approximately 34% in its second quarter earnings release, the Pennant Group again revised upward Tuesday, to a range of...