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HUD’s Senior Living Refi Boom is Over

After a blockbuster year for The Department of Housing and Urban Development’s (HUD) lean mortgage insurance program in senior housing, volume fell more than 25% in fiscal year 2014, marking the end of a boom for government financing in the sector. But the news isn’t all bad, say the finance companies that work regularly with… Read More »

Dished: Why Celebrity Chefs Are Here to Stay in Senior Living

Pictured: Chef Jet Tila     Photo by Myleen Hollero Though they long ago laid their roots in the mainstream through the rise of Rachael Ray and Anthony Bourdain, celebrity chefs are still a relatively new phenomenon in senior living. But their presence begs the question as to whether the senior living population has subscribed to… Read More »

Google Pill: The Next Big Thing in Aging Care?

Google (Nasdaq: GOOG) may not only provide help in searching for more medical information on various illnesses, but its latest moon-shot endeavor aims to detect life-threatening diseases like cancer and heart attacks before they materialize, a company official announced Tuesday. Known as the “Nanoparticle Platform,” Google is developing a new technology in the form of… Read More »

American House Acquisition Brings it to Top-25 Senior Living Ranks

American House Senior Living Communities is growing its presence with several new acquisitions this week that will not only make it one of the largest providers in the Midwest, but in the nation as well.  Monday, American House announced the acquisition of four properties from Oak Crest Communities, a Jenison, Mich.-based provider. In total, the four… Read More »

Uber Comes to Senior Living With New UberASSIST Rides

At just five years since its inception, Uber has revolutionized how we get a ride from Point A to Point B. It has become a household name, and has been valued at an estimated $18 billion. And now, the company is taking aim at the way seniors get around. Tuesday, the San Francisco-based ride service company announced… Read More »

REIT Closes on 5-Property Allegro Portfolio for $173 Million

Allegro Senior Living, a developer and operator of luxury senior living communities, has announced the sale of five senior living properties to American Realty Capital Healthcare Trust II, Inc., for $172.5 million, excluding closing costs. The properties include nearly 700 units in total and span a range of senior living unit types including independent living (IL), assisted living (AL),… Read More »

WSJ: Provider Looks to Sell Home Health Arm for $700 Million

The owner of home health provider Encompass Home Health Inc. is seeking a buyer for the business arm, and is eyeing a purchase price of $700 million, the Wall Street Journal has reported, citing three people familiar with the situation. Cressy & Co., the owner of the at-home nursing services provider, is looking to sell… Read More »

Movers & Shakers — People and Positions for October, Part III

AARP Welcomes New Executive Vice President  Martha Boudreau has joined AARP in the newly created role of executive vice president and chief communications and marketing officer. In this position, Boudreau will lead the integration of AARP’s communications, brand and marketing functions to create strategies that better serve 50-plus Americans. Prior to joining AARP, Boudreau served… Read More »

Provider Bridges Home Care Gap for Independent Senior Living

Through the use of a kiosk-based system, an Atlanta-based technology company is using health data to help independent living residents bridge the gap between home care and senior living services. Collaborating with The Mansions at Sandy Springs independent living facility in Norcross, Ga. and CareMinders of Buckhead, a non-medical home care company, OneCare is leveraging… Read More »

Nonprofit CFOs Reveal Senior Living Rent Increases for 2014

The average change in monthly fees charged to existing senior living residents of nonprofit communities this year is 3.05%, the latest data from speciality investment bank Ziegler show, which reveal an increase from the previous year at 2.94%. The October CFO Hotline poll reflects responses from more than 140 nonprofit senior living CFOs nationwide —… Read More »

Senior Housing Now Hiring Marketers, Executive Directors and More—Apply Today

As the final quarter of the year gets underway, senior housing operators, developers, financiers and many more are looking for new talents to help grow their operations, and they’re searching across a variety of expertise. Positions for marketers, asset managers, nursing and business development directors are just a few jobs currently offered by companies like… Read More »