Emeritus Corporation (NYSE: ESC) has announced the signing of an agreement with Columbia Pacific Advisors to manage an assisted living and memory care community. The agreement is the third between the two companies since 2010 and the agreements cover three communities in three states with over 260 units. Emeritus will manage the three communities for [...]
The White House released its fiscal year (FY) 2012 budget of $3.73 trillion dollars that showed some programs affecting senior housing taking some cuts. The budget proposes over $1 trillion dollars in deficit reductions during the next decade. During FY 2012, the budget set forth shows reductions or eliminations of almost 200 federal programs which [...]
Skilled Healthcare Group, Inc. (NYSE: SKH) announced its 2010 financial results that showed revenues up in Q4 2010 to $220.7 million which is a 17% increase over same period in 2009. For the full year, SKH had For adjusted net income totaled $38.6 million, compared to the adjusted net income of $37.4 million for the [...]
Last week, the Obama Administration released its report that outlines its preferences for reforming America’s housing finance markets. The proposal seeks to eliminate Fannie Mae and Freddie Mac and have their functions replaced by a combination of private lenders and reassignment of other portions of multi-family housing finance to other agencies. The report provides three [...]
Cornerstone Real Estate Funds, and its strategic alliance partner and sub-advisor Servant Healthcare Investments, announced that the Cornerstone Healthcare Plus REIT has acquired Forestview Manor a stabilized 69 unit Assisted Living and Dementia Care Facility in Meredith, NH for $10,750,000. Servant Healthcare Investments has engaged Woodbine Senior Living to operate the facility. Woodbine is a [...]
Three nonprofit organizations in Michigan have announced the formation of a collaboration to redevelop a neighborhood, create jobs and fill important health care and living needs for seniors in the City of Detroit. Henry Ford Health System (HFHS), Presbyterian Villages of Michigan (PVM) and United Methodist Retirement Communities (UMRC) plan to break ground in May [...]
The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) recently released a report that outlines the importance of senior care and the facilities that support caring to the nation’s economy. The report shows that the long term care industry generates $529 billion in total economic activity, supports and creates over 5.4 million [...]
Don’t forget to get something for your sweetie for Valentine’s Day. Did you know the average per capita consumption of candy by Americans in 2009 was 24.3 pounds? Maybe just stick with flowers and cards this year? That might get you in the dog house but you can blame us. Got a sweet staffing announcement? [...]
Common Risks, Dangerous Consequences: Selecting Safe Senior Housing
By Eric Stevenson In addition to the obvious concerns when picking senior housing, including cost, staff approachability and services, individuals need to consider threats that can jeopardize the health of an elderly relative. Besides considering whether an elderly relative needs the supportive care of an assisted living facility or the independence of a retirement living [...]