Capital expenditures expected to tick up for CCRCs: Fitch
By
Kathleen Steele Gaivin
Sep 17, 2024
Capital expenditures will start to tick up in fiscal 2024 among the country’s continuing care retirement / life plan communities, according to Fitch Ratings’ medians report for the sector, published...
Social Security COLA predicted to be lowest in 4 years
By
Kathleen Steele Gaivin
Sep 16, 2024
Slowing inflation means that Social Security beneficiaries will see the lowest cost-of-living adjustment since 2021, according to experts.
Brookdale Senior Living occupancy reaches new high since start of recovery
By
Kathleen Steele Gaivin
Sep 12, 2024
Brookdale Senior Living announced Tuesday that average weighted occupancy for August increased 30 basis points sequentially to 78.9%. That’s a new high since the post-pandemic recovery began in March...
Enhanced healthcare tax credits help older Americans more than younger ones
By
Kathleen Steele Gaivin
Sep 11, 2024
Among all Americans with annual incomes of approximately $60,000 or more, those aged 50 or more years are likely to see the greatest cost savings from premium healthcare tax credits that lower monthly...
New federal staffing mandate poses greater challenge in some states, Altarum reports
By
Kathleen Steele Gaivin
Aug 26, 2024
Staffing challenges have been prevalent in nursing care since the pandemic, and a federal minimum staffing rule coming down the pike could have a negative impact on some facilities. A recently published...
Fed chair signals possible rate cut ahead of September meeting
By
Kathleen Steele Gaivin
Aug 26, 2024
Lower federal interest rates could be coming as soon as next month, although Federal Reserve Chair Jerome Powell declined to commit to an exact date when speaking Friday at an economic symposium in Jackson...
Senior living construction booms 11 percent, fueled by surging demand
By
Kathleen Steele Gaivin
Aug 21, 2024
Senior living construction has surged 11% since last summer, with public sector projects outpacing the private sector in the first half of the year.
Ventas selects Sunrise Senior Living to manage Battery Park IL
By
Kathleen Steele Gaivin
Aug 20, 2024
Ventas has selected McLean, VA-based Sunrise Senior Living to manage its Battery Park independent living high-rise community in lower Manhattan. Sunrise will manage the property as it undergoes renovations...
Construction costs begin to settle as potential federal rate cut looms
By
Kathleen Steele Gaivin
Aug 16, 2024
Construction materials and labor costs have begun to settle down this summer, according to a market report from The Weitz Co.
Business briefs, Aug. 16
By
Kathleen Steele Gaivin
Aug 16, 2024
Texas adds pressure with lawsuit against nursing home staffing mandate ‘power grab’ … Unemployment claims drop by 7,000 week over week: BLS … ‘Alarming’ legal opinion could be ‘detrimental’...