News of the weird…this was too strange to pass up. The News Herald in Florida ran an article about the verdict handed down by Bay County Circuit Judge Michael Overstreet to Brenda Louise Pulliam. Pulliam, who is 48, has been living at Bay Center Nursing Home for the past 3 months. She was sentenced to [...]
Five Star Quality Care, Inc. (NYSE Amex: FVE) announced last week that it has entered a lease realignment agreement with Senior Housing Properties Trust (NYSE: SNH). The agreement is intended to assist SNH to obtain mortgage financing from Fannie Mae (NYSE: FNM), which is secured by certain properties owned by SNH and leased by FVE. [...]
Mainstreet Property Group, a real estate investment company focusing on the acquisition and development of properties in the seniors housing and care industry, recently announced the ground-breaking of their latest project- a 77,000 square-foot facility located in the heart of Hamilton County in Indiana. The $13.4 million dollar Noblesville facility will house 108 units in [...]
Yvonne M. Tenorio has been named area director of sales and marketing for Somerby Senior Living/Somerby at St. Vincent’s One Nineteen, the active retirement community being developed by the Senior Living Division of Dominion Partners. Prior to joining Somerby Senior Living, Tenorio spent more than eight years in the field of senior living and development. [...]
WellAWARE Systems, a developer of next-generation wellness monitoring solutions for senior care providers, recently announced its partnership with National Church Residences (NCR). NCR is the nation’s largest not-for-profit developer and manager of affordable senior housing, with five assisted living and/or skilled nursing facilities, two continuing care retirement communities (CCRC), and more than 300 senior living [...]
Assisted Living Concepts, Inc. (“ALC”) (NYSE:ALC), an operator of 216 assisted living units, reported net income of $3.9 million in the second quarter of 2009 compared to net income of $4.3 million in the second quarter of 2008. Diluted earnings per common share of $0.33 per share in the second quarter of 2009 compared to [...]
Arbor Court, a 234-unit assisted living complex for low-income seniors in Southern California, is the first affordable housing development in its area to qualify for a new California state incentive that makes solar more cost effective for such projects than in the past. The Insite Development project was funded in part through the new incentive [...]
The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services and assisted living companies, today reported record results for the second quarter of fiscal year 2009. The company’s highlights for the quarter include: Total revenue was a record $132.2 million, up 14.6% compared to $115.3 million [...]
Following an extensive two-year renovation, construction is now complete and The Overlook at Oxon Run began moving in new residents on August 1, 2009. The 316 unit high-rise community has undergone total exterior and interior renovations, and offers the amenities such as brand new, fully equipped kitchens, free high-speed internet, fitness center, gated off-street parking, [...]
