While the Department of Housing and Urban Development’s Office of Healthcare Program has taken steps to strengthen the Section 232 program, more can still be done according to a report from the Office of Inspector General. “Additional steps can be taken to strengthen the controls which were sometimes inconsistent or vague, and ensure punch lists are followed,” [...]
Care Innovations Connect, a joint venture between Intel and GE, announced a new product to address social isolation in older adults and provide caregivers the ability to monitor the changing needs of seniors. The product comes as a result of ten years of in depth research and offers a range of wellness surveys, brain fitness [...]
Affirmed Housing Group announced its Magnolia Court facility was awarded the U.S. Green Building Council (USGBC) LEED Platinum certification. LEED is an international green building certification system which provides third-party verification that a building or community was designed and built to decrease environmental impact. Developed by the USGBC, projects must meet certain prerequisites to be LEED [...]
Family caregiving is becoming a more and more common phenomena with the rise in numbers of American seniors, and a 2011 AARP study says the value of unpaid family caregiving reached $450 billion in 2009. Recent data shows one in eight Americans are 65 or older, with the number of seniors doubling between 2000 and 2030; the [...]
Ginnie Mae said acute care hospital loans backed the by Federal Housing Administration are eligible for Multifamily REMIC transactions starting in August 2011. To be considered eligible collateral, the Section 242 Loans underlying the related Ginnie Mae MBS pools may not include any equipment as part of the security for such loans. “The inclusion of MBS backed [...]
The Ensign Group, Inc. recently announced that its operating subsidiaries have acquired nine skilled nursing and assisted living facilities from Careage Management, LLC, as well as home health agency Careage Home Care, all located in either Nebraska or Iowa. The acquisition brought 489 skilled nursing facility beds and 72 assisted living units to Ensign’s portofolio, [...]
Sandy River Company announced it’s partnering with Cambridge Realty Capital to provide financing for Department of Housing and Urban Development’s 232 LEAN financing to clients in New England. The companies have been working together on various projects since the 1990s. In 2007, Sandy River sold its operating companies to Genesis HealthCare but continues to own [...]
Summer’s heating up and so are positions in the senior living field. Are you looking to find top industry talent? Look no further than SHN’s senior housing jobs board that has all types of senior living jobs from sales and marketing, operations and executive level offerings from across the United States. But in the meantime, [...]
Debt Ceiling Drama – CLASS Act and COLA on the Guillotine?
Ok. We’ve been loathe to cover the debt ceiling drama but it appears that one of the key programs on the chopping block for the ‘Gang of Six’ proposal is the CLASS Act. The Gang of 6 plan calls for the repeal of the CLASS act as part of the ObamaCare plan, which is part [...]