Fitch Ratings finalizes updates to CCRCs rating criteria
By
Kathleen Steele Gaivin
Aug 20, 2024
Fitch Ratings has finalized changes to its ratings criteria for not-for-profit continuing care retirement / life plan communities to better reflect the risk profile for rated communities, the company...
Long-term care corporate executives see 2.67 percent salary increase
By
Kathleen Steele Gaivin
Feb 10, 2022
Long-term care corporate executives saw an average 2.67% increase in salary in 2021, according to the 38th edition of the Multi-Facility Corporate Compensation Report, released Thursday by the Hospital...
HJ Sims raises $398 million for university-based life plan community under construction
By
Kathleen Steele Gaivin
Nov 22, 2021
Fairfield, CT-based investment bank and wealth management firm HJ Sims closed this month on a $398.1 million tax-exempt and taxable bond issue for a new life plan community being constructed on the grounds...
CCRC ratings unlikely to be affected by SNF staffing mandates: Fitch
By
Kathleen Steele Gaivin
Sep 21, 2023
The minimum staffing rule that most nursing homes will be required to meet within the next three years will add to staffing pressures at continuing care retirement / life plan communities, but it will...
Acts Retirement-Life, Mease Life consider affiliation
By
Kathleen Steele Gaivin
Apr 06, 2023
Fort Washington, PA-based Acts Retirement–Life Communities and Mease Life of Dunedin, FL, have signed a letter of intent to explore a possible affiliation. A due diligence review has begun, and the companies...
Boutique dining service starts up in life plan communities segment
By
Kathleen Steele Gaivin
Aug 05, 2021
With financial backing from Elinor North America, start-up Culinesse is broadening its ambition to serve up culinary feasts in the life plan community segment of senior living.
Labor challenges a continued sore spot for CCRCs, Fitch Ratings says
By
Kathleen Steele Gaivin
Jul 24, 2023
Labor challenges are a continued pain point for continuing care retirement / life plan communities, according to a recent report from Fitch Ratings.
Fitch assigns ‘deteriorating’ outlook to CCRC sector for second consecutive year
By
Kathleen Steele Gaivin
Jan 10, 2024
Fitch Ratings has assigned the continuing care retirement / life plan community sector a rating of “deteriorating” for the second year in a row.
Headwinds may stall CCRC recovery, Fitch Ratings says
By
Kathleen Steele Gaivin
Jan 27, 2023
Although demand is high for continuing care life plan communities, some headwinds may stall total recovery for the sector, according to the experts at Fitch Ratings.
Mease Life affiliates with Acts Retirement–Life Communities
By
Kathleen Steele Gaivin
Oct 04, 2023
Continuing care retirement community Mease Life of Dunedin, FL, and Fort Washington, PA-based Acts Retirement-Life Communities have finalized their affiliation after signing a letter of intent in April...