New CMS Telehealth Expansion Could Be ‘Very Good’ for Senior Living During Covid-19

The Centers for Medicare and Medicaid Services (CMS) has temporarily expanded telehealth services to include all Medicare beneficiaries, and senior living residents may stand to benefit as a result. CMS announced on Tuesday that Medicare will now pay clinicians to provide telehealth services on a temporary basis for beneficiaries who live across the country, and […]

Capital Senior Living Gets Rent Forbearance, Lease Terminations from Ventas, Welltower

Capital Senior Living (NYSE: CSU) took another step toward stabilizing its balance sheet. Capital reached rent forbearance agreements with two of its real estate investment trust (REIT) landlords — Toledo, Ohio-based Welltower (NYSE: WELL) and Chicago-based Ventas (NYSE: VTR), the Dallas-based operator announced in an SEC Form 8-K filing on Monday. Additionally, Capital agreed to […]

Despite Coronavirus, Invesque Focused on Promising Market Fundamentals

With the dust settled on a whirlwind 2019, Invesque (TSX: IVQ U) will spend 2020 improving its operating relationships, consolidating its portfolio into master leases, and pruning non-essential assets from its roster. The Toronto-based real estate investment company is doing this with an eye toward sustained growth in 2021 and beyond, and believes the shifting […]

Methodist Retirement Communities Names New President/CEO

Methodist Retirement Communities has a new president and CEO. The nonprofit senior housing operator announced it named Alan Brown as president and CEO, effective April 13. Based in The Woodlands, Texas, Methodist Retirement Communities operates four continuing care retirement communities, three life care communities, two affordable senior apartment developments and one rental community across the […]

Senior Living Providers Must Keep All Options Open in Covid-19 Fight

When it comes to keeping the coronavirus out of a senior living community, providers should be willing to take drastic measures — and they should be thinking about them right now. In some instances where outbreaks are particularly severe, that may include temporarily stopping tours, freezing new admissions and visits, isolating some residents, halting congregate […]

Brighter Forecasts for Senior Living in 2020 Now Clouded By Coronavirus

Earlier this year, there were signs that the senior housing industry was on its way to a recovery, following a period of oversupply and other headwinds. Then came Covid-19, the disease caused by the so-called novel coronavirus that has sickened at least 100,000 people, roiled economic markets and has disrupted daily life across the globe. […]