by Steve Monroe | Jul 20, 2020 9:33 am | Acquisitions
About 35 years ago, an Ivy League educated pioneer decided to buy a senior living community. His friends and family thought he was nuts. In 1985, after all, it wasn’t exactly the industry where aspiring entrepreneurs went to seek their fame and fortune. So, one Shelly... Read More »
by Steve Monroe | Jul 15, 2020 9:46 am | 60 Seconds, Opinion
Consulate Health Care will have to defend itself again over a 2017 judgment. Three years ago, after a 22-day trial, a jury issued a $347.8 million judgment against Consulate Health Care, Florida’s largest nursing home chain. A year later it was overturned. Now, an... Read More »
by Steve Monroe | Jul 8, 2020 9:49 am | 60 Seconds, Opinion
Congressional report on assisted living and COVID-19 looks more like a hatchet job than really trying to help. Senators Warren and Markey’s report is in, and try counting how many times the word “federal” was used, as in there are no “federal” reporting requirements,... Read More »
by Steve Monroe | Jun 22, 2020 9:19 am | Opinion
We are fond of bringing up the fact that far too many people have put the CCRC (LPC) market prematurely in its grave. It especially happens when there is a recession, like 10 years ago, and now. We are hearing rumblings again even as suburban housing prices are rising... Read More »
by Steve Monroe | Jun 22, 2020 9:17 am | Opinion
Watch out. When the government creates a new commission on quality in nursing facilities, it can only mean higher costs, but without increased reimbursement. The members of the new Coronavirus Commission for Safety and Quality in Nursing Homes was named last week, and... Read More »