It costs more than $300 billion annually to care for the approximately nine million Americans eligible for Medicare and Medicaid, and now the Department of Health and Human Services (HHS) has announced three initiatives to try to help states improve the quality, while lowering the costs, of that care. Those initiatives, says HHS, are a demonstration [...]
Merger and acquisition activity in the health care industry surged to $73.5 billion during the second quarter of 2011, up 44% from Q1 according to data from Levin Associates. During the quarter, 243 mergers and acquisitions took place and as far as dollar volume is concerned, M&A activity is on track to break all previous records [...]
Cain Brothers & Company announced the launch of a new division to originate and underwrite health care loans backed by the Federal Housing Administration. To get the new business off the ground, the company has brought on Bradley Grainger and Nick Nicholson as Managing Directors. “Few other firms in the industry can provide the same [...]
Senior housing funding requests rose to $379.2 million in June according to Cambridge Realty Capital Companies. It’s an increase from the previous month and up from 19 requests totaling $243.1 million in June 2010. “This marked the second consecutive month in which request activity has been arching sharply higher. In May, the 35 separate loan requests [...]
The Center for Excellence in Assisted Living (CEAL), and the University of North Carolina at Chapel Hill (UNC), recently released a report on seminal person-centered attributes and indicators, developed and approved unanimously by CEAL through an initiative funded by The Commonwealth Fund. “The creation of person-centered attributes along with measurable indicators developed by diverse national [...]
New data from the National Investment Center for the Seniors Housing & Care Industry shows occupancy rates continued to gain traction during the first quarter of 2011. Occupancy during 1Q11 reached its highest level in two years, coming in at 87.9% and marking the fourth consecutive quarter of increases according to NIC. The recovery is beginning [...]
Concordia Lutheran Ministries announced the acquisition of two senior housing facilities from Sunrise Senior Living for an undisclosed sum on Wednesday. Located in Pennsylvania, Sunrise of Cranberry and Sunrise of Fox Chapel were approved by Concordia’s Board of Directors to further enhance opportunities for Concordia’s mission and future. The Cranberry location is a licensed personal care [...]
The Office for Budget Responsibility released a report this week that showed the UK may need additional austerity measures to combat the rising costs of healthcare and pensions for its 65+ population. The number of individuals over 65 is expected to account for nearly 26% of the country’s population by 2061 compared to 17% today. [...]
Oak Grove Capital announced it originated $16 million of fixed-rate permanent financing through its Fannie Mae DUS program for the Isle of Watermere, a senior housing community owned by South Bay Partners. Based in Southlake TX, the Watermere is a 92-unit community consisting of 66 assisted living units and 26 memory care units. Managed by Life [...]
