Finance

Bonds approved for $135 million dollar Georgia retirement community

Berry broke ground on the 170-unit community earlier this month and the first units are expected to be built and ready in 2020.

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Lancaster Pollard closes loans in total of more than $600 million

Of the total closed through the program, the Columbus, Ohio-based lender logged 35 for skilled nursing facilities, for a total value of around $349.4 million and an average bed count of 125 per facility.

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Intellitec releases Senior Living Accounting 365

Senior Living Accounting 365 is entirely cloud-based, and is built on the Microsoft Dynamics 365 Business Central platform.

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Cost of assisted living rises for residents

The annual cost of a private room in a nursing home has cracked the six-figure mark, according to Genworth Financial.

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The latest nursing home sales and openings

Evans Senior Investments represented the seller in the sale of two New Jersey skilled nursing facilities for $31.5 million, or *$190,000 per bed.

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Invesque diversifies skilled nursing portfolio, looks to SNF future

“Definitively, there is a long-term place in the health care spectrum for skilled nursing,” CEO Scott White told Skilled Nursing News in a Tuesday interview. 

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ProMedica’s credit takes hit in wake of mega deal

After warning last month that a credit downgrade was likely, Standard & Poor’s this week lowered its long-term credit rating for non-profit health care provider ProMedica by multiple levels.

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Americans ill-equipped to pay for long-term care, survey shows

Moll Law Group  surveyed 2,000 people to see how prepared they are for the realities and costs of long-term care.

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IRS proposes limit to tax benefit that includes skilled nursing, assisted living facility owners

The draft rule has drawn criticism from the American Health Care Association/National Center for Assisted Living (AHCA/NCAL).

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Long-term, acute care hospitals see payment increase from Medicare

Acute care providers get a payment increase from Medicare of 3% and long-term care hospitals receive an update of 1.35% in a final rule issued Thursday by the Centers for Medicare and Medicaid Services (CMS).

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