Senators Herb Kohl (D-WI), Bob Casey (D-PA), Claire McCaskill (D-MO), and Al Franken (D-MN), all members of the Senate Special Committee on Aging, are hailing a provision included in the Restoring American Financial Stability Act to protect older Americans from fraud at the hands of unscrupulous financial advisors. The provision, included in the bill introduced [...]
What happens when nursing homes and Saturday Night Live cross paths? A parody of geriatric proportions. According to Andy Samberg, a boombox (think Say Anything with John Cusack) can change the world…inspiring changes that includes dancing in the streets and the clubs (country that is)…wait for the third verse to see how the boombox turns [...]
Life Care Services LLC (LCS) of Des Moines, IA, recently announced its acquisition of Wyndemere Senior Living Community in Wheaton, Illinois, a senior living community in the western suburbs of Chicago. Wyndemere Senior Living Community opened 18 years ago under the direction and ownership of CDH and includes apartment and townhome residences; Westbridge, an assisted [...]
The National Council on Aging (NCOA) launched an Economic Security Initiative last week at the Aging in America Conference that includes both community-based support services and national advocacy efforts. NCOA’s program will offer free counseling and support to economically vulnerable older adults in eight cities across the U.S. With $1 million in grant support from [...]
MainStreet Monitoring Devices, Inc. and SensorLogic™ recently announced the release of two new products, CareTracker and CareAlert. The MainStreet’s CareTracker provides the ability for caregivers to monitor an individual’s location by accessing the CareTracker website online from a computer or smart phone — part of the flexibility, manageability, and extensibility of applications interfacing with SensorLogic’s [...]
Fitch Ratings released its 2010 Senior Living Outlook that shows it is extending its negative outlook for the nation’s senior living sector. The report paints a cautious picture of the senior living finance market with risk associated with renewal of bank lines, the tenuous residential housing market and the lower liquidity experienced my many operators. [...]
Findings from the American Institute of Architects (AIA) Home Design Trends Survey for the fourth quarter of 2009, which focused specifically on kitchen and bathrooms, shows that design of kitchens and bathrooms has been more modest recently and favor function and efficiency. The study shows that consumers are placing higher priority on products that are [...]
KeyInvest, an Australian retirement village owner / operator, announced the purchase of a large parcel of land in the regional city of Horsham, Victoria, where development of a retirement village to be known as Wimmera Lodge. Plans include development of up to 88 two and three bedroom villas to be developed in two stages under [...]
Late Sunday night, the U.S. House of Representatives passed both the Senate health reform bill (H.R. 3590) and Reconciliation Act of 2010 (H.R. 4872) that included provisions for the Community Living Assistance Services and Supports (CLASS) Act. The provisions in the bill would provide insurance solutions for a variety of Americans currently uninsured and would [...]
