Lack of purpose in life linked to cognitive decline, study finds … Healthcare expenses take a financial toll on older adults … CCRC ratings unlikely to be affected by SNF staffing mandates: Fitch …...
More news for Thursday, Feb. 23
By
Kimberly Bonvissuto
Feb 23, 2023
Idaho bill criminalizes administration of mRNA vaccines … Digital transformation improves productivity at CCRC … Assisted living community sued over drowning death of 93-year-old resident … $10K...
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...
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...
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...
Landlord countersues ‘sinking ship’ CCRC over multiple allegations
By
Kathleen Steele Gaivin
Apr 20, 2022
Dallas continuing care retirement community Edgemere now faces a countersuit from its landlord, Intercity Investments, after having sued Intercity and its agent, Kong Capital, alleging breach of contract,...
$215,000 disability discrimination complaint could have ‘broader ramifications’ on resident contracts,...
By
Kimberly Bonvissuto
Apr 12, 2023
A Pennsylvania continuing care retirement community agreed to a $215,000 Fair Housing Act settlement over allegations of disability discrimination, but the senior living owners and operators said that...
With evolving OSHA standards, senior living industry ‘not waiting on government action to run their...
By
Kimberly Bonvissuto
Dec 21, 2021
With guidance changing by the day, earlier recommendations of “be prepared to act” are echoing louder for assisted living providers. Although the Department of Labor’s Occupational Safety and Health...
Provider Relief Fund monies wane for life plan communities in 2021: Ziegler
By
Kathleen Steele Gaivin
Feb 14, 2022
Life plan communities received comparatively small amounts of Provider Relief Fund aid in 2021, as program money wanes. No meaningful additional funds are expected going forward in 2022, according to specialty...
CCRC secures high court review in class action case alleging consumer fraud
By
Kimberly Bonvissuto
Apr 14, 2023
The New Jersey Supreme Court will review a trial court’s decision to provide refunds to continuing care retirement community residents who alleged a bait-and-switch scheme by a senior living operator.