Frustrated with your information technology (IT) department? Most likely the answer is yes but what if your job was running the IT department for Erickson Retirement Communities which includes 23 communities in 12 states serving over 21,000 seniors and the support staff associated with the entire company? If you’re interested in learning about the technology [...]
Skilled Healthcare Group, Inc. (NYSE: SKH) today announced that the Skilled Healthcare Group expects to restate its consolidated financial statements for the quarterly and annual periods from January 1, 2006 through March 31, 2009. As a result, the Audit Committee of the Board of Directors today has concluded that investors should no longer rely on [...]
Senior Living Investment Brokerage (SLIB) announced two sales of senior living facilities in the Midwest that show senior housing inventory is moving even in the tough economic environment. Harbor House Assisted Living, constructed in 1995, was sold for $2,850,000 to a local assisted/dementia operator that hopes to capitalize on local management and efficiencies. The property [...]
As businesses struggle and seniors are postponing making the moves to move out of their primary residences, home care services catering to the aging population are experiencing some growth as of the result of the broader economic challenges. The National Private Duty Association recently conducted an economic outlook survey of its members and found that [...]
Mainstreet Property Group and Trilogy Health Services recently announced a strategic agreement to develop senior care campuses in key markets throughout Indiana, Michigan and Ohio. Under this agreement, Mainstreet will underwrite and develop six to eight properties per year for Trilogy through the year 2012. Mainstreet has already funded and developed several like properties in [...]
Horizons at Indio, an affordable housing community developed by Urban Housing Communities (UHC) and Heritage Community Housing (HCH), celebrated its achievement of honorable mention in the senior housing category of the 15th Annual Charles L. Edson Tax Credit Excellence Awards program. The Charles L. Edson Tax Credit Excellence Award is a national awards program presented [...]
Think the aging population in the US is scary (in numbers )? Think about the Asian continent. Take a look at some of the information that a government official from Singapore shared with members of a health care symposium last month. By 2030, one in five Singapore residents will be 65 years and above, from [...]
On June 1, 2009, Nationwide Health Properties, Inc. (the “Company”) entered into an amendment to the Contribution Agreement (the “Amendment”) between NHP and Pacific Medical Buildings LLC, (“Pac Med”), and certain of its affiliates, that provides NHP/PMB with a right of first offer with respect to four of the six properties that were eliminated from [...]
Summit County Senior Citizens, Inc. released the results from its 2009 Summit County Senior Survey that was conducted in January and February 2009 that examined retirement trends in the area. The Summit County area includes many ski resorts such as Keystone, Breckenridge, Copper Mountain and Vail. One of the more interesting parts of the survey [...]
