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.
Wearable tech shows promise in spotting falls among older adults at home, improving reaction time
By
Kristen Fischer
Jul 01, 2024
A new technology may be able to boost reaction times to help older adults who fall at home get care more quickly.
$1 trillion investment shortage in senior living development expected by 2040
By
Kimberly Bonvissuto
Jun 27, 2024
A $275 billion investment gap in senior living development across the country by 2030 means there won’t be enough housing to meet the demand of older adults in the next five years, according to new data...
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...
Arizona AG secures second win against use of ‘secrecy clauses’ in senior living arbitration agreements
By
Kimberly Bonvissuto
Jul 02, 2024
The use of so-called “secrecy clauses” in assisted living and nursing home arbitration agreements hit another snag after Arizona’s top attorney announced a second settlement affecting dozens of long-term...
Addition of senior living to data collection warehouse adds transparency, capital to sector
By
Kimberly Bonvissuto
Jun 26, 2024
NCREIF recently added senior housing to its benchmarking index in an effort to increase transparency and access to capital for the sector.
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...
Senior living sees all-time-high affordability, potential expansion of penetration rate
By
Kimberly Bonvissuto
Jul 03, 2024
Senior living affordability is improving, and a growing customer base that is materially better off financially than members of previous generations could expand the penetration rate, according to the...