National Health Investors, Inc. (NYSE:NHI) announced it has closed a $10.15 million purchase/leaseback transaction with affiliates of Senior Living Management(SLM) involving three assisted living facilities totaling 108 beds in Florida. The three facilities are being leased to Senior Living Management for 15 years with two five year renewal options. The purchase, which was funded from [...]
Combinations of technology and care delivery continue to focus on reducing costs as VRI and SeniorBridge announced a new service the combines the remote monitoring of vital signs with face-to-face oversight from geriatric care managers. The partnership will leverage SeniorBridge’s management service for ongoing assessments and will be supplemented by the the VRI platform. Participating [...]
Cambridge Announces Two Refinancing Transactions, See Strong Start to Q4 2010 Cambridge Realty Capital recently announced the completion of two refinancing transactions for facilities located in Illinois totaling over $7.5 million dollars. The company refinanced the Crystal Pines, a 114 bed skilled nursing home facilities located in Crystal Lake, Illinois and also reported closing a [...]
Through a survey conducted by Decision Insight, Inc., The Cypress of Raleigh recently received the highest satisfaction score ever achieved by a start-up continuing care retirement community managed by Life Care Services LLC (LCS) during its forty years of service as a national leader in the development and management of senior living communities. The Cypress [...]
Last month, Touchtown formally launched the commercial release of At Your Service, an integrated suite of emergency response technologies deployed at senior living communities. The foundation of the At Your Service offering relies on ZigBee mesh network technology to ensure uninterrupted performance throughout the community even if there is a total loss of electrical power, [...]
New Perspective Senior Living Community, a Minnesota-based owner operator of senior living communities, recently announced the grand opening of its 11th senior living community in Superior, Wisconsin. The Lighthouse of Superior is an $11-million, 80-unit assisted living and memory care community. “We are excited about serving this region and providing seniors and their families the [...]
AdCare Health Systems, Inc. (NYSE Amex: ADK) announced that it has signed a definitive purchase agreement for three skilled nursing facilities in Georgia for $18 million. The three facilities, two located near Atlanta and one near Dublin, have a total of 335 beds generating revenues of approximately $16.4 million. The transaction is expected to be [...]
Ventas, Inc. (NYSE: VTR) announced Monday that it had completed the previously announced acquisition of the the real estate interests in 58 private pay senior living communities from affiliates of Sunrise Senior Living, Inc. (NYSE: SRZ). The acquisition for $186 million includes the assumption of $144 million in mortgage debt from Sunrise. The transaction will [...]
Ready for Medi-(Don’t)-Care?
By Sally C. Pipes Bad news continues to plague the Obama Administration’s signature achievement — health reform. Medicare’s Chief Actuary recently projected that the nation’s healthcare bill will increase — not decrease — as a result of the new law. And a separate study from private research firm Avalere Health estimates that more than three [...]