Amica Mature Lifestyles Inc. (“Amica” or the “Company”) (TSX:ACC), a Canadian company in the business of management, marketing, design and development of luxury housing and services for mature lifestyles, announced the Company’s operating and financial results for the fiscal year and fourth quarter ended May 31, 2009. The results fell short of expectations based upon [...]
The US Government Accountability Office released a new report last month that demonstrated that reverse mortgage policy changes from the Housing and Economic Recovery Act have had positive effects on lenders and borrowers but recent market changes have increased the Department of Housing and Urban Development’s (HUD) risk profile. The GAO surveyed reverse mortgage lenders [...]
Ten skilled nursing centers operated by SunBridge Healthcare Corp., a wholly-owned subsidiary of Sun Healthcare Group, Inc. (NASDAQ: SUNH), have earned the prestigious 2009 Step 1 Quality Award for demonstrating a strong commitment to continuous quality improvement as defined by the American Health Care Association and the National Center For Assisted Living (AHCA/NCAL). The AHCA/NCAL [...]
The British Journal of Medicine (BMJ) recently released a study that compared the quality of care in for-profit and not-for-profit nursing homes in the United States and Canada. The study concluded based upon the systematic review and meta-analysis suggests that, on average, not-for-profit nursing homes deliver higher quality care than do for-profit nursing homes. Many [...]
Five Star Quality Care, Inc. (NYSE Amex: FVE) last week announced its financial results for the quarter and six months ended June 30, 2009 that showed an increase in revenues by 9.9% to 297 million from 270 million for the same period last year. The company’s net income was $8.6 million compared to $3.5 million [...]
The Village of St. Martha’s Senior Living Community recently celebrated its grand opening at the end of July. This newly constructed, three-story building was made possible through a $5.4 million grant awarded by the U.S. Development of Housing and Urban Development (HUD) and is located on 22 acres that may be used for future development. [...]
Senior Housing Properties Trust (NYSE: SNH) last announced its financial results for the quarter and six months ended June 30, 2009 and announced that it has closed a $512.9 million mortgage financing with Fannie Mae (NYSE: FNM), for $512 million which is secured by first liens on 28 senior living properties leased to Five Star [...]
Evans Senior Investments (ESI) recently announced the opening of their Chicago office specializing in selling seniors housing and long-term care communities across the country. The team will be lead by Jason Stroiman who has almost a decade of experience in the senior living & long term care industry. Stroiman was previously with Senior Living Investment [...]
Greencroft Communities, a continuing care retirement organization with five affiliated and managed communities in Indiana and two in Ohio, has deployed RedPost’s digital sign solution at its two campuses in Goshen and Middlebury. RedPost’s software and hardware drive the visual and audio aspects of each campus’ internal cable channel as well as digital signs in [...]
