The old mortgages are still stinking up the joint but the new ones are smelling sweet according to the annual report released today from the Federal Housing Administration (FHA). The report shows that FHA continues to sustain losses from loans insured prior to 2009 that represent 70 percent of the expected losses from its single [...]
Emeritus Corporation (NYSE: ESC) recently released its third quarter financial results that showed an increase in revenues of 10% to $250 million compared to the same period in 2009. The company stated that the increase was driven on rate and occupancy increases at its communities. The same community average monthly revenue per occupied unit improved [...]
Presbyterian Villages of Michigan Foundation raised nearly $200,000 at the seventh annual It’s a Wonderful Life! Gala fundraiser. The event featured keynote speaker Secretary William S. Cohen, former U.S. Secretary of Defense and Senator from Maine. More than 600 guests from throughout the state enjoyed the evening at The Westin Book Cadillac in Detroit. Proceeds [...]
Everyone wants to stay in their homes longer but what is possible in a single family home with today’s products? At the annual convention of American Association for Homes and Services for the Aging (AAHSA) in Los Angeles, the Idea House of 2010 showcased the current possibilities in senior living design and products on the [...]
An ounce of prevention is a pound of cure…and if that’s the case, the $34 million awarded last week by the Agency for Healthcare Research and Quality will go a long way for healthcare-associated infections (HAIs). The new funding from the Department of Health and Human Services will help improve the quality of care delivered [...]
SHG Services, Inc. ("New Sun") (NASDAQ: SUNHD), announced that it has completed the separation of its operating assets and real estate assets into two separate publicly traded companies. The split spun off the real estate assets into Sabra Health Care REIT, Inc. and the operating assets will operating under the existing name Sun Healthcare Inc. [...]
The slogan ‘Just Say No to Drugs’ was originally aimed at young adult but the messaging may need to be delivered to the aging American population. New information released by the Department of Health and Human Services (HHS) Agency for Healthcare Research and Quality (AHRQ) shows that admission rates to hospitals doubled for medication and [...]
Trilogy Health Services recently announced the acquisition of two facilities in Ohio and the start of construction at sites in Michigan and Louisville, Kentucky. The two Ohio long-term care facilities were acquired from Genesis HealthCare System and those locations will be renamed Forest View Health Campus and the Highland Oaks Health Center. Trilogy plans to [...]
Gentiva Health Services, Inc. (Nasdaq: GTIV) released its results last week for the third quarter that showed net income of $8.1 million versus $15.4 million in Q3 2009. While revenues were up 38% to $387.8 million, Gentiva results were impacted by settlements of two legal matters and charges associated with restructuring, acquisition and integration activities [...]
