Sonida Senior Living buys 9 communities, assumes management of 2 others
By
Kathleen Steele Gaivin
Jul 03, 2024
Sonida Senior Living has added nine senior living communities to its portfolio so far this year, all since May, the company announced Tuesday.
Lutheran Senior Services, Diakon agreement to combine comes to fruition
By
Kathleen Steele Gaivin
Jul 03, 2024
Diakon Senior Living operations and its four continuing care retirement / life plan communities officially became part of Lutheran Senior Services on Monday. The action marks the completion of an agreement...
States increase efforts to draw workers to healthcare
By
Kathleen Steele Gaivin
Jul 03, 2024
Multiple states are taking efforts to build the healthcare workforce with training and certification programs.
Older adults’ home equity tops $13 trillion in first quarter
By
Kathleen Steele Gaivin
Jul 02, 2024
Homeowners aged 62 or more years saw their housing equity grow by $328.5 billion in the first quarter, according to data released Friday by the National Reverse Mortgage Lenders Association.
Healthcare Trust to internaize management, rebrand as National Healthcare Properties
By
Kathleen Steele Gaivin
Jul 02, 2024
Healthcare Trust Inc. plans to rebrand as National Healthcare Properties as it transitions to self-management and internalizes its management functions, the New York-based real estate investment trust...
Long-term care providers among 193 criminally charged, $2.75 billion in fraud recoveries so far in 2024
By
Kathleen Steele Gaivin
Jul 01, 2024
The Justice Department has recovered more than $2.75 billion in false claims against healthcare providers and charged 193 defendants so far this year in criminal cases through its 2024 National Health...
Welltower codifies ESG initiatives in formal policy
By
Kathleen Steele Gaivin
Jun 28, 2024
Welltower has formalized its environmental, social and governance commitment in a board-approved ESG policy, according to the Toledo, OH-based real estate investment trust’s annual ESG report, released...
Business briefs, June 28
By
Kathleen Steele Gaivin
Jun 28, 2024
Supreme Court strips SEC of a critical enforcement tool in fraud cases … CCRC rent growth affects overall occupancy, occupancy growth … Empowering ‘deeply undervalued’ caregivers would improve...
Spending on nursing homes, home care slows year over year
By
Kathleen Steele Gaivin
Jun 27, 2024
Between May 2023 and May 2024, overall healthcare costs grew by 3.4%, the fastest increase seen since December 2007, according to Altarum’s monthly Health Sector Economic Indicators brief, released Wednesday.
Elevated Medicaid use no threat to health insurers in the long term: Fitch
By
Kathleen Steele Gaivin
Jun 27, 2024
Headwinds from an increase in the use of Medicaid are unlikely to have a long-term negative effect on health insurers, according to a new brief from Fitch Ratings. Insurers may experience short-term margin...