The skilled nursing sector is undergoing a shakeup, and senior living providers should be prepared to seize opportunities amid the fallout. Nursing homes are embattled on every front. The federal government is pushing for sweeping reforms that include steeper financial penalties and staffing minimums — even as providers are facing severe worker shortages. And skilled […]
Argentum
Argentum President and CEO James Balda is still optimistic about the industry’s future — but in the short-term, he sees many hurdles left to clear. Educating lawmakers, confronting the senior living workforce shortage and grappling with occupancy and expenses are just a handful of the challenges left for industry stakeholders to solve at this juncture […]
Keppel Corporation — the Singapore-based international conglomerate that holds a 50% stake in Watermark Retirement — has tapped industry veteran Kai Hsiao to lead an expansion of its senior living portfolio in the United States and other global markets. Hsiao joined Keppel Capital as CEO of Senior Living US in January 2022. Most recently, he […]
Three industry associations have formed the Senior Living Diversity, Equity, Inclusion, and Belonging (DEIB) coalition. The groups joining forces are Argentum, the American Seniors Housing Association (ASHA) and the National Investment Center for Seniors Housing & Care (NIC). The coalition’s purpose will be to develop a plan and strategy around DEIB. The formation of this […]
Senior living industry association Argentum is calling out the Biden Administration’s plan for determining Covid relief payments for assisted living communities. The association on Wednesday took aim at the methodology for Provider Relief Fund (PRF) Phase 4 payments from the Health Resources and Services Administration, which is an agency of the Department of Health and […]
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Still reeling from the financial toll of the pandemic, senior living providers now are facing a worsening labor crisis and are fearful about complications related to Covid-19 vaccine booster shots for residents. Meanwhile, federal lawmakers are wrangling over key pieces of President Biden’s agenda, including a budget reconciliation bill and an infrastructure package. With this […]
This fall, The Arbor Company will spend close to $500,000 on bonuses to award staff for reaching tenure milestones — and that’s just one part of the operator’s effort to address a labor crisis that is worsening across the senior living industry. “One of our two company goals right now is hourly staffing, from recruitment […]
Phoenix Senior Living is in the midst of adding 23 communities owned by Diversified Healthcare Trust (Nasdaq: DHC) — an expansion that will make the Alpharetta, Georgia-based company one of the largest senior living providers in the Southeast. Taking on so many communities at once is possible because from its founding in 2014, the company […]
National Healthcare Investors (NYSE: NHI) and American Healthcare Investors (AHI) have seen senior living occupancy backslide in recent weeks during the surge in Covid-19 cases related to the delta variant. However, leaders with the two companies are optimistic that the tide might be turning again. And, they anticipate that the fourth quarter of 2021 could […]
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