Green Street Advisors released a new report showing senior living occupancy ended the year with “better than expected momentum … that sets the stage for a favorable outlook this year. Occupancy will exceed pre-Covid levels in 2024. The Wall Street Journal reports an analysis by Jason Fichtner, chief economist at the Bipartisan Policy Center, that a
Iowa families will soon be able to keep a closer eye on their loved ones living in a nursing home, thanks tor House File 537 which will allow security cameras to be installed inside a resident’s room. The bill comes on the heels of repeated incidents of abuse, neglect and under-staffing at facilities across the state.
Nationally, many nursing homes are owned by groups of out-of-state and unknown investors who have formed limited liability corporations to avoid accountability and operate each of their facilities. The facility owners are affiliated with other for-profit vendors that sell their services — such as management, staffing and resident therapy — to the nursing homes. Such
CMS will finally require nursing home owners and operators to disclose details about related entities and ownership structures. For decades, the industry was allowed to siphon taxpayer funds to shell companies providing worthless services. The rule includes and defines both private equity and real estate investment trust owners. CMS Administrator Chiquita Brooks-LaSure said in a
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