As the debate for health care reform and its affect on Medicare, Time Magazine ran a good article entitled, “Medicare Savings: Is the Answer in Mexico?” that discusses the massive differential in the costs of health care between Mexico and the US. The article profiles some of the efforts of Americans for Medicare in Mexico, [...]
Sunrise Senior Living, Inc. (NYSE: SRZ) announced this week that it entered into a restructuring agreement, in the form of a binding term sheet, with Capmark Finance Inc. and Natixis, London Branch, two lenders of Sunrise and certain of its affiliates, to settle and compromise their claims against Sunrise and certain of its affiliates, including [...]
La Posada, a 100-acre continuing care retirement community, announced that it is accepting reservations for its Park Centre Homes, the newest component to the campus. Consisting of 35 beautiful homes, this will be the last independent living community to be built at La Posada. La Posada is working with Pepper Viner Homes of Tucson, Arizona [...]
A new study released by the Center For Retirement Research at Boston College entitled, “Older Americans On The Go: Financial and Psychological Effects of Moving” examines the differences between two types of retirees: the Planners and the Reactors. The study focuses on financial and psychological outcomes between the two types based upon various changes that [...]
Sun Healthcare Group, Inc. (NASDAQ: SUNH) announced its operating results for the third quarter ended Sept. 30, 2009 that showed an increase in revenues of 3% over the same period in 2008. The company cited that its focus on its acuity strategy contributed to the growth and was assisted with its ability to increase its [...]
Golden LivingCenters recently celebrated the grand opening of its new location in Greenville, North Carolina that houses over 150 residents with 72,000 square feet. Aegis Therapies, a Golden Living company, will provide therapy services at the new building. The new facility replaced the old Golden LivingCenter which housed 152 residents in 45,000 square feet. “We’re [...]
U.S. Department of Housing and Urban Development Deputy Secretary Ron Sims recently visited Palo Vista Garden Community, an Oakland Housing Authority (OHA) property that is receiving funds through the American Recovery and Reinvestment Act of 2009 (Recovery Act) for capital improvements and energy efficiency upgrades. It is one of seven developments that is receiving funding [...]
The Mature Market Resource Center recently honored Vigilan with the Silver Award recognizing the Administrator software for its innovative contributions to Senior Living. The 2009 Product & Technology Awards Program recognizes the innovative products and services for older adults, their families and care providers. Entries were judged by a distinguished panel of mature market experts [...]
Senior Housing Market Activity A Positive Sign For Trends In Real Estate & Finance Markets?
Do recent events warrant cautious optimism or are we being pollyanna? Some of the news / transactions below show recent activity that trends towards a more positive outlook for both Senior Housing and the broader market: The August 2009 S&P/Case-Shiller Home Price Indexes show the rate of decline in home prices is slowing – The [...]