New company, 603Healthcare, assumes management of eight Genesis HealthCare properties
By
Kathleen Steele Gaivin
Sep 04, 2024
603Healthcare has assumed management of eight former Genesis HealthCare-owned senior living and care properties in New Hampshire, 603Healthcare announced Monday.
‘Remarkable year’ so far for Capital Funding Group includes $440 million in deal closings
By
Kathleen Steele Gaivin
Aug 13, 2024
Capital Funding Group closed more $440 million in healthcare bridge loans, HUD loans and other deals in the first half of the year, including millions in senior living and care transactions, the company...
Warren launches investigation into for-profit nursing homes after Genesis CEO bonus
By
Danielle Brown
Mar 19, 2021
A top U.S. lawmaker on Wednesday intensified her fiery attacks on beleaguered Genesis HealthCare’s issuance of a hefty bonus to a departing long-time CEO, even as the company was flailing amid the devastation...
Increased pay among SNF execs likely to stick around: experts
By
Liza Berger
Oct 29, 2020
Although the pandemic has had a negative effect on many aspects of long-term care, skilled nursing executives’ salaries may not be one of them. COVID-19 actually is pushing up industry executives’...
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...
Lawmaker accuses Genesis of misusing COVID-19 federal relief funds for CEO bonus
By
Danielle Brown
Feb 02, 2021
The nation’s largest nursing home operator is on the defense after a federal lawmaker accused it of using coronavirus federal relief funds to “line the pockets of company executives.”
‘Private equity abuse’ in long-term care is target of new federal bill
By
Lois A. Bowers
Jun 13, 2024
Two Democratic senators from Massachusetts have introduced a bill they say is meant to “root out corporate greed and private equity abuse” in nursing homes, assisted living communities, home health...
Cap rates up except in skilled nursing
By
Kathleen Steele Gaivin
Jul 11, 2023
More than 50% of the respondents to the 12th edition of CBRE’s “Seniors Housing & Care Investor Survey” expect capitalization rates to increase this year. That’s up from 27% in last year’s...
SNFs face ‘increased and increasingly hostile’ government scrutiny, attorneys say
By
Kathleen Steele Gaivin
Jun 06, 2024
The increased scrutiny facing nursing home providers since the COVID-19 pandemic includes “overall increased and increasingly sort of hostile approach by surveyors in the quality-of-care area,” according...
State high court decisions keep COVID immunity in play but define scope
By
Kimberly Marselas
Aug 14, 2023
Connecticut’s highest court has offered a mixed ruling for a nursing home that sought dismissal of a wrongful death suit under a state provision limiting COVID-era liability. The rulings put senior...