Brookdale Senior Living (NYSE: BKD) has another potential class action lawsuit on its hands. Brookdale’s staffing practices recently came under fire in a lawsuit filed against the company in Florida. Now, the nation’s largest senior living provider is being accused of failing to pay its workers overtime in California. Brookdale does not comment on pending litigation as a […]
The senior housing industry dealt with an unfortunate combination of high supply and low demand in early 2017—with the result being the lowest occupancy rate since mid-2013. The first-quarter 2017 senior housing annual inventory growth rate increased 0.2 percentage points from the fourth quarter of 2016 to 3.4%—its fastest pace since at least 2006, according to data […]
Pre-dispute arbitration agreements have already been banned in long-term care—and it looks like they are now tripping up majority private-pay senior housing companies. A recent court case in Minnesota may encourage residents and their family members to challenge senior living providers’ controversial arbitration clauses, according to the Star Tribune. The court case revolves around the 2015 […]
Senior living has an employee engagement problem. In fact, it seems as though most senior living communities struggle to get at least half of their employees engaged. Among all senior living employees, administrative staff have the highest level of engagement—but it’s only at 55%, according to newly released research from Holleran. For the research, the […]
CBRE Arranges Financing for Senior Living Community in California CBRE National Senior Housing Vice Chairman Aron Will recently arranged financing on behalf of an institutional sponsor for Peninsula Del Rey, a 207-unit, independent living, assisted living and age-restricted community in Daly City, California. CBRE helped secure a sizable, four-year floating rate loan from a regional […]
Happy Monday, Senior Housing News readers! Hopefully your weekend was filled with something other than taxes. Here’s a recap of some of the stories SHN covered last week: We published the first installment of SHN’s “Confessions” series, where an anonymous architect talked about senior living clients’ worst habits, the hype around innovation, and how to […]
Less than a year after spinning off from HCP Inc. (NYSE: HCP), skilled nursing real estate investment trust (REIT) Quality Care Properties (NYSE: QCP) could be setting the table for big changes related to its struggling primary tenant, HCR ManorCare. One option could be the REIT taking a larger equity stake in the beleaguered skilled nursing operator. Maryland-based […]
The top dogs at two of the three major U.S. health care real estate investment trusts (REITs) saw their pay drop last year, according to new SEC documents. Debra Cafaro, the chairman and CEO of Chicago-based Ventas, Inc. (NYSE: VTR), saw her pay drop 11.5% to about $9.6 million in 2016, according to a proxy filing […]
All the senior housing listings on referral website A Place for Mom (APFM) soon will also appear on SeniorHousingNet.com, under the terms of a new agreement. Seattle-based APFM has entered into a strategic relationship with Move, Inc., the parent company of SeniorHousingNet.com, the companies confirmed to Senior Housing News on Monday. The new content-sharing agreement will add […]
The U.S. population is aging rapidly—and some experts believe that hospitals and health systems need to change to adequately support it. That’s the idea behind the Age-Friendly Health Systems initiative, launched by The John A. Hartford Foundation, American Hospital Association, the Institute for Healthcare Improvement (IHI) and other groups, such as provider accreditation body The Joint Commission. […]
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