News

  • Amazon Care, Ascension Help Launch Alliance to Bring More Care Into Seniors’ Homes
    by Tim Regan on March 3, 2021 at 10:17 pm

    Amazon Care and St. Louis-based health system Ascension are helping to launch a new home-based care policy alliance with at least five other health care and home-based care companies. The alliance, called Moving Health Home, has a stated goal of “working to change federal and state policy to enable the home to be a clinical […] The post Amazon Care, Ascension Help Launch Alliance to Bring More Care Into Seniors’ Homes appeared first on Senior Housing News. […]

  • COO Outlook: Expect Senior Living Occupancy Rebound, Workforce Challenges in 2021
    by Tim Regan on March 3, 2021 at 9:52 pm

    With the senior living industry largely focused on when occupancy will start to recover, chief operating officers with provider companies are focused on rebuilding census — and feeling optimistic about the prospects for 2021. In fact, several COOs indicated that they are less worried about restoring occupancy than they are about looming workforce challenges. With […] The post COO Outlook: Expect Senior Living Occupancy Rebound, Workforce Challenges in 2021 appeared first on Senior Housing News. […]

  • In the Pipeline: United Properties Plans Senior Co-Op; Frontier’s Growing Portfolio
    by Tim Regan on March 3, 2021 at 9:50 pm

    Construction: In progress United Properties Plans Senior Cooperative Project Near Denver United Properties is planning to open a senior cooperative community in Westminster, Colorado. The community Applewood Pointe of Westminster, is planned to include 85 homes with an average size of about 1,500 square feet. Amenities are set to include a great room, library, club […] The post In the Pipeline: United Properties Plans Senior Co-Op; Frontier’s Growing Portfolio appeared first on Senior Housing News. […]

  • $257M False Claims Act Judgment Leads to Six-Entity Nursing Home Bankruptcy
    by Maggie Flynn on March 3, 2021 at 9:19 pm

    Six skilled nursing entities — spanning operations, management, and rehabilitation — this week filed for Chapter 11 bankruptcy after the reinstatement of a multimillion False Claims Act (FCA) judgement against them last year. The entities themselves are part of a group of corporate affiliates of major nursing home operator Consulate Health Care, but the bankruptcy […] The post $257M False Claims Act Judgment Leads to Six-Entity Nursing Home Bankruptcy appeared first on Skilled Nursing News. […]

  • Nursing Home Giant Genesis to Restructure, Voluntarily Delist from NYSE as ReGen Steps in with $50M Stake
    by Alex Spanko on March 3, 2021 at 3:07 pm

    Genesis HealthCare (NYSE: GEN) on Wednesday announced that it will voluntarily remove itself from the New York Stock Exchange — while also landing a $50 million capital infusion from ReGen Healthcare as part of an ongoing restructuring effort. ReGen’s $50 million debt investment gives the company — a health care turnaround firm — a 25% […] The post Nursing Home Giant Genesis to Restructure, Voluntarily Delist from NYSE as ReGen Steps in with $50M Stake appeared first on Skilled Nursing News. […]