RemeberItNow Launches Medication Reminder & Health Records Service

Want Greater Access to Capital? Consider Seeking a Credit Rating

Credit ratings can be useful for senior living providers—even the smaller companies—for improving access to capital, gaining economic value through demonstrating financial health, and benchmarking performance against other similar organizations, said a group of panelists during an online senior living conference held in March, reports Healthcare Finance. “At its core, credit ratings provide transparency and [...]

Senior Housing Finance Activity: Love Funding, Berkadia, Cambridge Capital (5/10/2012)

Love Funding Secures $8.56 Million Construction Loan for Fla. ALF Love Funding recently closed an $8.56 million loan for the construction and permanent financing of Viera Manor Assisted Living Facility, a new senior living center in Viera, Fla., meant to provide housing for U.S. veterans. Laura Saull-Smith, a senior director at Love Funding out of [...]

HCP Inc.’s Profits, FFO Soar in Q1 After Making $40 Million of Investments

Healthcare real estate investment trust HCP Inc. saw its net income attributable to common shares more than double in the first quarter ended March 31, 2012, to $175.3 million, compared to $63.9 million the previous year. Net income applicable to common shares rose to $0.43, compared to $0.17 in 2011. FFO per share increased 60% in [...]

How Senior Care Operators Can Use HUD to Finance Multi-Property Portfolios

In the current credit environment, financing through the U.S. Department of Housing and Urban Development (HUD) has become a favorite of borrowers. With its low, long-term fixed rates, flexibility, nonrecourse feature and other benefits, HUD is often the best available option for a borrower seeking to refinance or finance new construction or rehabilitation of a [...]

Net Income for Five Star Quality Care Plummets 91% in Q1 to $369,000

Nursing home operator Five Star Quality Care, Inc. (NYSE:FVE) saw its net income plunge 91% in the first quarter ended March 31, 2012 to $369,000, compared to $4.1 million in the same period last year, due in part to Medicare reimbursement cuts that went into effect in October 2011. This represents a net income per [...]