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.
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.
Record-high False Claims Act settlements recovered in first half of 2024
By
Kathleen Steele Gaivin
Jun 21, 2024
After a record-breaking 2023, settlements under the False Claims Act continue along the same trajectory in the first half of 2024, “with notable healthcare fraud settlements under the FCA, AKS [the Anti-Kickback...
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...
Business briefs, June 27
By
Kathleen Steele Gaivin
Jun 27, 2024
Brookdale, Atria top Argentum largest provider lists for 2024 … Senior living continues to navigate higher interest rate environment … Fidelity Health Care expands partnership with Springfield...
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...
Actions & Transactions, June 27
By
Kathleen Steele Gaivin
Jun 27, 2024
Dwight Capital & Dwight Mortgage Trust financed $357.4 M in May … Sensi.AI raises $31M in Series B Funding to advance senior care intelligence for homecare agencies … Affordable housing for LGBTQ older...
DHC to use $1.5 billion mixed securities shelf proceeds for acquisitions, investments
By
Kathleen Steele Gaivin
Jun 24, 2024
Diversified Healthcare Trust has filed a prospectus with the Securities and Exchange Commission related to a $1.5 billion mixed securities shelf offering and sale.
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...
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...