Virtual Health announced it’s the first customer to go live on the Intel-GE Care Innovations Guide. The Care Innovation Guide was developed to go beyond the first and second generation tele-health systems by collecting data and enabling patient behavior and lifestyle change through an interactive relationship with their clinician. “We are eager to extend the marketplace beyond what [...]
Ecumen announced an agreement to make Preston Mail available to all of their in home customers. The Minnesota based company, which provides senior housing and services, will use the service to enable family members to connect through Presto’s computer-less email solution for seniors. “We had been searching for the right solution to enable kids, grandkids, [...]
The U.S. Court of Appeals for the Sixth Circuit issued a ruling affirming a 2009 jury verdict, where HCP (NYSE:HCP) must award approximately $102 million in damages to Ventas, Inc (NYSE: VTR). According to Ventas, the lawsuit was filed due to tortious interference with business expectation arising out of its acquisition of Sunrise Senior Living REIT in April [...]
The Wichita Eagle is reporting that baby boomers are reshaping retirement communities and developers will need to adapt in the coming years to meet their needs. Some experts think the future of retirement living depends on social connection — specifically, what their residents have in common. “For the past 25 years, we’ve mainly built retirement [...]
Eppstein Uhen Architects (EUA) has broken ground on the Crestwood, a new $18 million independent living community in Tulsa, OK. The facility spans 204,000 square feet, with a 4-story independent living community located in the center of the Oklahoma Methodist Manor. The community has 103 residences which range from a 670 square foot one bedroom to [...]
With an estimated 78 million baby boomers starting to turn 65, the group threatens to cripple the country’s financial and health care systems and significantly burden future generations according to a report from Volunteers of America. Using data gathered by Lake Research and American Viewpoint, survey results show that 40% of respondents are worried about saving [...]
Five Star Quality Care (NYSE: FVE) announced expansion plans involving a total of 28 senior living communities with 3,038 living units. As part of the plan, the company entered into binding agreements to acquire six senior living communities in Indiana for approximately $123 million. The communities include a total of 738 separate living units: 191 independent living [...]
A March 2011 report from Harvard University’s Joint Center for Housing Studies shows that many seniors who had planned to retire and move to a different home deferred that decision after the recent financial crisis took a toll on both the equity in their homes and their retirement accounts. Mobility rates, or the rate at which households [...]
Grubb & Ellis Healthcare REIT II, Inc. reported net operating income of approximately $4.8 million in the first quarter of 2011, an increase of more than 30% compared to the $3.7 million during the fourth quarter of 2010. Funds from operations came in at $1.3 million, up from $236,000 in the fourth quarter of 2010. [...]
