Long-term care eligible for cut of $2M in workforce development grants
By
Kathleen Steele Gaivin
Jul 08, 2022
Wisconsin’s senior living and care operators are eligible to receive their share of the state’s $2 million grants from the Department of Workforce Development.
AlerisLife names Jeff Leer president and CEO, plans cost cuts, reorganization
By
Lois A. Bowers
Jun 28, 2022
Jeff Leer has been appointed president and CEO of Newton, MA-based AlerisLife, a position he has held on an interim basis since former President and CEO Katie Potter resigned April 30.
Siemens to acquire Brightly Software, formerly Dude Solutions, in $1.6 billion deal
By
Lois A. Bowers
Jun 28, 2022
Cary, NC-based Brightly Software, formerly known as Dude Solutions, will be acquired by Zug, Switzerland-based Siemens Smart Infrastructure in a $1.575 billion deal, plus earn-out, Siemens announced Monday.
Long-term inflation threatens life plan community margins
By
Kathleen Steele Gaivin
Jun 27, 2022
Life plan communities can weather the challenges brought about by inflation for now, but long-term inflation stretching into next year would pressure margins, according to Fitch Ratings.
New state rankings rate pandemic healthcare performance
By
Kathleen Steele Gaivin
Jun 22, 2022
Health systems in Hawaii and Maine ranked the highest among the states as far as vaccination rates, capacity in hospital and intensive care units, and death rates throughout the COVID-19 pandemic, in new...
State Supreme Court says senior living provider not responsible for wrongdoing committed by community’s...
By
Kathleen Steele Gaivin
Jun 21, 2022
The West Virginia Supreme Court has upheld a lower court’s decision that cleared a senior living provider of wrongdoing that occurred under a previous community owner.
Land & Buildings to vote against Healthcare Realty Trust’s proposed acquisition of Healthcare Trust...
By
Kathleen Steele Gaivin
Jun 17, 2022
Land & Buildings said Thursday that it will vote against Healthcare Realty Trust’s proposed acquisition of Healthcare Trust of America at a July 15 special meeting, and it urged other shareholders to...
Private equity healthcare deals face scrutiny under antitrust laws
By
Kathleen Steele Gaivin
Jun 17, 2022
The Federal Trade Commission has private equity healthcare deals under a microscope. Both the FTC and the Department of Justice have the authority to enforce federal antitrust laws.
Interest rates increase could have ‘silver lining’ for senior living, expert says
By
Kathleen Steele Gaivin
Jun 16, 2022
The Federal Reserve’s move Wednesday to raise interest rates by 0.75% could slow new construction in senior housing, National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham...
Alabama, Michigan, Florida lead nation in Medicare Advantage enrollment rates
By
Kathleen Steele Gaivin
Jun 16, 2022
Medicare Advantage enrollment rates now top more than 50% of Medicare enrollees in 123 congressional districts, according to new Centers for Medicare and Medicaid Services data analyzed by the Better Medicare...