Senior living providers advised to ‘carefully evaluate’ employee classifications in light of new...
By
Kimberly Bonvissuto
Jan 10, 2024
A large national trade group advocating for senior living and other long-term care providers is urging its members to “carefully evaluate their existing classifications” of workers following the Tuesday...
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.
Texas, Florida among top states to relocate to
By
Kathleen Steele Gaivin
Jan 10, 2024
Texas and Florida are the fastest-growing states in the nation if one-way equipment rentals from U-Haul are any indication.
Business briefs, Jan. 10
By
Kathleen Steele Gaivin
Jan 10, 2024
House poised to vote down joint employer rule; Biden vows veto …HHS revises religious conscience rule for workers … Expansion is main priority for Bloomfield, CT, senior living CEO … Plant-based...
Actions & Transactions, Jan. 10
By
Kathleen Steele Gaivin
Jan 10, 2024
Morgan Stanley’s newly launched REIT could target senior housing … CareTrust REIT adds San Bernardino, CA, assisted living, memory care community in joint venture … Blueprint advises on sale of Cleveland-area...
Muni bond defaults most likely to occur in senior living, skilled nursing, survey finds
By
Kathleen Steele Gaivin
Jan 09, 2024
Yields may have peaked in 2023 for municipal bonds, with defaults this year most likely to happen in senior living and skilled nursing, according to the results of a recent survey published by Hilltop...
Knute Nelson, Walker Methodist complete merger
By
Kathleen Steele Gaivin
Jan 09, 2024
Alexandria, MN-based Knute Nelson and Minnetonka, MN-based Walker Methodist have completed their previously announced merger, the faith-based senior living and care providers announced.
Business briefs, Jan. 9
By
Kathleen Steele Gaivin
Jan 09, 2024
Fitch downgrades Saint Anne’s Retirement Community’s revenue bonds to BB; outlook stable … Growing share of CNAs in nursing homes are immigrants … Pennsylvania operator must issue back pay after...
Actions & Transactions, Jan. 9
By
Kathleen Steele Gaivin
Jan 09, 2024
Wilshire Quinn achieves $500M in bridge loan volume … Ascension Living sells 250-bed SNF in Lewiston, NY, to private group … Asbury Communities acquires senior living communities in Delaware and Pennsylvania
UPDATED: LTC Properties sells, re-leases or transfers management of 35 Brookdale Senior Living communities
By
Lois A. Bowers
Jan 08, 2024
The REIT expects net proceeds of $23 million and an anticipated net gain of $17 million related to the property sales.
