At AAHSA’s Annual Meeting and Conference in Chicago last week, Ziegler Capital Markets released its inaugural version of the Ziegler National CCRC Listing & Profile, a comprehensive directory of continuing care retirement communities accompanied by detailed research related to the continuing care sector of senior living. The publication is attempting to define continuing care retirement [...]
Care Investment Trust Inc.(NYSE: CRE) ("Care" or the "Company"), a real estate investment and finance company formed to invest in healthcare-related real estate and commercial mortgage debt, reported financial results for the third quarter ended September 30, 2009 last week and announced it is nearing completion of its review of strategic alternatives. The Company reported [...]
Five Star Quality Care, Inc. (NYSE Amex: FVE) recently announced that Paul V. Hoagland will be appointed Treasurer and Chief Financial Officer. Mr. Hoagland was employed 2001-2008 by Friendly’s Corporation of Wilbraham, MA, a company which owns, operates and franchises restaurants and also is engaged in manufacturing and wholesale sales of food products. Friendly’s was [...]
A USA Today article entitled, “A glimpse of the future: Robots aid Japan’s elderly residents” profiled some of the technology that was exhibited at AASHA’s conference in Chicago last week focused on seniors and assistive technologies. The Robot Suit "HAL" from Japanese Cyberdyne, Inc. is strapped to stroke victims or physcially challenged seniors and provides [...]
Saint John’s Communities announced that it has closed financing and begun construction on 88 new independent living units in a 21-story tower, a wellness area and a secondary dining venue addition to the existing Saint John’s On The Lake campus north of downtown Milwaukee. The current 10-story facility includes 113 independent living units, 20 assisted [...]
TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR), which develops, manages and owns faith-based senior living facilities, recently announced the status of its aggressive expansion strategy. The Company has embarked upon a significant expansion program for 2010, with a goal to triple the number of residential units currently owned and managed through the development of [...]
With the Erickson bankruptcy filing, there has been some vocal concern over the status of the deposits at various CCRCs operated by Erickson and has been subject to a significant amount of filings in the Bankruptcy court. The Bankruptcy court has an upcoming hearing to determine whether new residents will receive greater protections for the [...]
Last week at the American Association of Homes and Services for the Aging’s (AAHSA) Annual Meeting & Exposition held at McCormick Place in Chicago, the 2,600 square foot model AAHSA Idea House displayed some of the latest features in universal design and technologies that are currently available for senior living developers and operators. The design [...]
Nationwide Health Properties, Inc. (NYSE: NHP) today announced results of operations for the third quarter 2009 that showed an increase in earnings of 9.2% to $29,692,000 for the quarter compared to its results from the same quarter in 2008. During the quarter, the company’s shareholders converted 168,105 Series B convertible preferred shares into 757,376 shares [...]
