No prison for nursing home owner who botched Hurricane Ida evacuation, leading to 7 resident deaths … 3 MA SNFs placed in receivership …VNA community in Somerville, MA, receives affordable housing...
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...
‘Deteriorating’ outlook for CCRCs to continue for rest of year: Fitch
By
Kathleen Steele Gaivin
Jun 26, 2024
The “deteriorating” outlook for the not-for-profit continuing care retirement / life plan communities sector will continue for the rest of the year, “indicating our expectation that credit pressures...
Business briefs, May 21
By
Kathleen Steele Gaivin
May 21, 2024
New bill would extend telehealth services for seniors … Long-term care leaders return to basics, employ innovation to grow direct care staff … Nursing home residents sue state over conditions, lack...
Vi Living nears completion of $300 million redevelopment in Naples, FL
By
Kathleen Steele Gaivin
May 16, 2024
Vi Living on Monday opened the first building in the sixth and final phase of a $300 million redevelopment project at Bentley Village in Naples, FL. The cost for this phase was $92 million.
SNFs, CCRCs ‘off the pace’ for recruiting, retaining workers: Fitch
By
Kathleen Steele Gaivin
Apr 16, 2024
Skilled nursing facilities and continuing care retirement / life plan communities “are still well off the pace needed to reach a full post-pandemic recovery” in terms of their workforces, according...
Kansas providers may face fee hike after audit reveals many wrongly paid cut-rate assessments
By
Kathleen Steele Gaivin
Apr 05, 2024
Continuing care retirement communities and nursing homes in Kansas could face additional scrutiny — and in some cases, higher fees — after a recent audit from the Kansas Medicaid inspector general’s...
Occupancy higher at entrance fee CCRCs compared with rental CCRCs
By
Kathleen Steele Gaivin
Mar 01, 2024
The occupancy rate for entrance fee continuing care retirement / life plan communities was greater than 90% in the fourth quarter of 2023, according to Omar Zahraoui, principal at the National Investment...
Business briefs, Feb. 2
By
Kathleen Steele Gaivin
Feb 02, 2024
Takeaways from NIC MAP’s fourth-quarter fundamentals release … Erickson’s Lantern Hill transitions to 80% refundable entrance fee structure … 2Life Communities’ Solimine House in Lynn, MA, awarded...
CCRC outlook not getting worse but also not improving much, Fitch says
By
Kathleen Steele Gaivin
Jan 19, 2024
Fitch Ratings’ outlook for continuing care retirement / life plan communities is “deteriorating,” according to the company’s senior director and sector lead for life plan communities, Margaret...