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Webinar: Modernizing Seniors Housing Care — Simplifying Workflows for Caregivers through Technology

by Sarah Daniels

  On Sept. 8, Seniors Housing Business hosted a panel discussion called “Modernizing Seniors Housing Care — Simplifying Workflows for Caregivers through Technology” where four seniors housing industry experts spoke about streamlining and improving resident care. Tech innovations were the focus of the webinar. What tools and data help most when it comes to senior care? Listen to hear in-depth discussions on the topics and more: The latest trends in technology-enabled senior care How technology can help simplify workflows and increase productivity The importance of machine learning to drive more proactive …

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From The MagazineLegal Issues

A Time of Change

by Jeff Shaw

The pandemic and a new White House administration lead to a changed legal and regulatory landscape, and the jury is still out on the near-term and long-term impacts. By Jeff Shaw The seniors housing industry has undergone an unprecedented amount of transformation in the last few years, and the government priorities and legal issues surrounding the sector have changed along with it. On the regulatory side, a change of White House administration in the heart of a deadly pandemic meant the baton had to be smoothly passed on a wide …

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Legal IssuesNewsPeople

CareTrust REIT Promotes James Callister to Executive Vice President

by Jeff Shaw

SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NYSE: CTRE), a San Clemente-based healthcare real estate investor, has promoted James Callister from general counsel to executive vice president. Callister has been with the company since 2021. His primary focus is working with the company’s acquisitions team in structuring and negotiating new equity and debt investments. He has also been part of the company’s legal and corporate functions, asset and portfolio management matters, and tenant relationships. Prior to joining CareTrust, Callister worked as a real estate attorney and a partner at the …

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Industry VoicesLegal Issues

It’s Time to Reevaluate Your Existing Property Insurance Coverage

by Jeff Shaw

By Chip Stuart, Chief Sales Officer, Hub International The new wave of challenges facing the global economy in 2022 such as inflation, continued supply chain delays, and labor shortages has caused property values to rise, along with the cost of construction. In commercial real estate, the impact of these disruptions is mostly felt in new construction, leaving owners of existing assets likely to benefit from shifting demand. Coupled with rising occupancy, seniors housing property owners could see historically high revenue growth in 2022. On the other side of the coin, …

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Industry VoicesLegal Issues

New Jersey Tightens Workplace Vaccine Requirements for Healthcare, High-Risk Congregate Settings

by Jeff Shaw

By Heather Boshak, partner, Fox Rothschild LLP In January 2022, New Jersey announced new, stricter COVID-19 regulations that will require employees in healthcare facilities to be vaccinated and boosted and will effectively eliminate the testing option. Also covered under the new rules are workers in a range of congregate settings, such as prisons and group homes. As the number of new coronavirus cases and hospitalizations declined, we have seen states, cities and private employers easing vaccination and coronavirus mitigation requirements. The exceptions to that trend are the healthcare field, including …

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Industry VoicesLegal Issues

The SHB Interview: Mark Parkinson, President and CEO, AHCA/NCAL

by Jeff Shaw

Former Kansas governor transitioned 11 years ago from politician to leading one of the largest healthcare associations in the industry, and he’s never looked back. By Jeff Shaw Mark Parkinson’s wide-ranging career in both the private and public sectors, including a stint as an owner and operator of long-term care facilities in Kansas and Missouri, makes him uniquely qualified for his current role. After earning a law degree and starting his own firm, Parkinson entered politics in his home state of Kansas, serving in the State House from 1991 to …

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Industry VoicesLegal Issues

Question of the Month: How is inflation impacting your business?

by Jeff Shaw

Consider offshoring some staff By Sarah Thomas CEO MezTal With inflation and staff shortages impacting us all, it’s difficult to find qualified talent to fill our open positions at a rate we can afford to sustain.  The average salary increase in the U.S. this year for people who switched jobs was 12.2 percent. This means open positions are not only hard to fill but come with a much bigger salary expectation.  Looking at offshoring or near-shoring options is a reality many have sought since inflation is high. Seek optimization By …

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Company NewsLegal IssuesNewsPeople

Ventas Appoints Michael Embler to Board of Directors, Passes on Nominations from Activist Shareholder

by Jeff Shaw

CHICAGO — Ventas Inc. (NYSE: VTR) has appointed Michael Embler, former chief investment officer of Franklin Mutual Advisors, to its board of directors. Jay Gellert, who has served on the Ventas board since 2001, will retire from the board at the company’s annual meeting in May. Embler will serve on Ventas’ investment and audit committees. Ventas also announced that Melody Barnes is expected to serve as chair of the Nominating & Corporate Governance Committee, effective at the company’s annual meeting. Embler, 57, is an institutional investor with 30 years of …

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Welltower, NHI Reach Agreement in Lawsuit Over Holiday Portfolio

by Jeff Shaw

MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has entered into a memorandum of understanding with Welltower (NYSE: WELL) regarding a lawsuit over a portfolio of Holiday Retirement properties. The agreement sets forth principal terms by which NHI and Welltower agree to operate until the execution of a final settlement agreement resolves the litigation. The agreement states that both REITs wish to transition the 16 communities to new tenants. The two companies will cooperate to sell one of the communities. Meanwhile, Welltower will pay NHI $6.9 million, which will …

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Company NewsInvestmentLegal IssuesNewsOperations

Sabra Amends Master Lease with Avamere Group

by Jeff Shaw

IRVINE, Calif. — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has entered into a definitive agreement to amend the company’s master lease with a tenant, Avamere Group. Avamere’s annual base rent on the current portfolio has been reduced roughly 30 percent to $30.7 million from $44.1 million. No changes have been made to the lease maturity date (May 31, 2031) or the annual base rent escalator (2.75 percent). Sabra plans to recapture this rent reduction as the portfolio’s performance improves. Starting with the second lease year, Sabra will participate in …

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