The effects of healthcare reform will become increasingly apparent in 2012, and senior care providers may find themselves—and their marketing strategies—particularly impacted by Accountable Care Organizations (ACOs) as they line up to partner with hospitals and other healthcare providers. ACOs are groups of doctors, hospitals, and other healthcare providers that work together to give coordinated [...]
With skilled nursing in the dumps as a result of the 11.1% cuts to Medicare payments, most of the talk has turned to assisted living as the next area for growth for investors. During the National Investment Center for the Seniors Housing & Care Industry (NIC) conference in Washington, D.C., much of the “next big thing” [...]
Adaptability is one of the cornerstones of human evolution. Evolution is a slow process but adaptability, or the ability to “get by” in the short term, happens quickly and is reactionary. With the economy in a state of disarray during 2010 and 2011, the senior living industry and businesses in other areas were focused on [...]
Senior Housing News recently got the chance to speak with John Cobb, the senior vice president and chief investment officer of Chicago-based Ventas Healthcare REIT (NYSE:VTR). Although he’s only been with Ventas for about a year and a half, Cobb has a longstanding relationship with Ventas president Ray Lewis, with whom he’s worked for about [...]
Senior housing assets that are packaged as a portfolio sell for more than if they were sold on a stand-alone basis, according to a recent survey conducted by Integra Realty Resources. The commercial real estate consulting and valuation firm gathered results from 12 brokers and buyers who responded to a question regarding the presence and [...]
The Department of Health and Human Services recently drafted a plan to address the nation’s growing Alzheimer’s problem, but its framework fails to fully acknowledge the role of assisted living in caring for those with the disease, the Assisted Living Federation of America (ALFA) recently pointed out. In response, ALFA is campaigning that assisted living’s [...]
Chelsea Senior Living, LLC, an assisted and independent living community operator with communities located in New Jersey, Pennsylvania, and New York, recently expanded its Northeastern presence with a New Jersey acquisition. The operator acquired senior residence Van Dyk at Bald Eagle Commons for an undisclosed sum, and has since renamed the community the Chelsea at [...]
The seniors housing sector continues to see recovery, with positive rent growth trends and a slightly higher occupancy in fourth quarter of 2011, although construction activity continued to decline, according to NIC MAP, a data analysis service of the National Investment Center for the Seniors Housing & Care Industry (NIC). The average occupancy rate for [...]
Assisted living laws in Florida could go from one side of the spectrum to the other in the wake of the Miami Herald’s series on elder abuse that occurred in many state facilities, with little or no ramifications. Now, Florida lawmakers are looking to shift the state’s caretaker oversight from negligent to possibly the toughest [...]
There are always new developments in senior care technology, from better ways to keep track of health, to new blogs talking about healthcare information technology, to innovative devices that make hearing aids more affordable. Check out the following websites and products for ways to keep up with the latest tech trends and developments. 1. Careverge: [...]
When it comes to family obligations and financial decisions considered across three different generations, an overwhelming majority of the Baby Boomer cohort believe in being self-reliant in retirement, according to a MetLife survey, “Multi-Generational Views on Family Financial Obligations.” All three generations, including Gen Xers and Gen Yers, believe they have responsibility and obligation to: [...]
Healthcare Transactions Group, Inc., based in Baltimore, Md., announced that it closed the sale of an Illinois long-term care facility portfolio on Dec. 30, 2011. The portfolio includes eight skilled nursing facilities and one assisted living facility, located mainly in the greater Chicagoland area and in Central Illinois, for a total of 1,540 beds. The [...]
