The Los Angeles Jewish Home recently announced the addition of short-term rehabilitative care to its comprehensive family of services with the opening of the Ida Kayne Transitional Care Unit (TCU). The facility is designed to help seniors successfully transition back to daily life after an illness, accident, or hospital stay by providing physical, occupational, and [...]
Last week, the US Department of Labor announced new rules that are designed to provide better information on retirement investment accounts for all workers. The two new rules are designed to enhance retirement security and transparency for the millions of workers covered by 401(k), pension and other retirement arrangements. The announcement was part of the [...]
LTC Properties, Inc. (NYSE:LTC) announced operating results for fourth quarter and full year 2009 that showed full year net income allocable to common stockholders was $29.4 million or $1.27 per diluted share versus 2008 when net income allocable to common stockholders was $28.4 million or $1.24 per diluted share. Revenues for the twelve months ended [...]
Sunrise Senior Living, Inc. (NYSE: SRZ) reported financial results and operating data for the fourth quarter and full year of 2009 that showed a profit in the fourth quarter of $10.4 million driven by a $48.9 million gain related to the sale of 21 communities. For the fourth quarter, Sunrise reported revenues of $364.4 million [...]
Curious about what kind of moves people are making in this tough job market or are you looking for a job in senior housing? Visit our Senior Housing Jobs section or keep reading if you’re curious about new hires. Got staff announcements? Send them to us at movers-shakers@seniorhousingnews.com.
Promenade Senior Living recently announced the acquisition of the senior residence in Tuxedo, New York, which will now be known as The Promenade at Tuxedo Place. This senior living community, located in the historic town of Tuxedo and expands Promenade Senior Living’s presence into Orange County. The Promenade at Tuxedo Place consists of 90,000 square [...]
Thinking about creating a product specifically for the senior market? According to George Dennis, Founder and CEO of TV Ears, Inc., one of the keys to success in the market is solving a problem and creating a solution. Senior Housing News recently talked with the founder of TV Ears, Inc. that manufactures doctor-recommended TV listening [...]
Edgewood Management Group, LLC. (EMG) a Midwest operator of assisted living communities recently announced that it has entered into an agreement with Investors Real Estate Trust ("IRET"), an equity real estate investment trust located in Minot, North Dakota, to manage five assisted living communities in Wyoming. EMG and IRET will also be announcing expansion plans [...]
Brookdale Senior Living Inc. (NYSE: BKD) announced its financial and operating results for the fourth quarter and full year 2009 that showed a net loss for the fourth quarter of 2009 was $(20.8) million. Total revenue for the fourth quarter was $518.5 million, an increase of $31.6 million, or 6.5%, from the fourth quarter of [...]
