Senior housing construction starts have nosedived 53% since the 2008 housing market crash, according to the National Investment Center for the Seniors Housing & Care Industry (NIC), and even though demand is growing, lucrative opportunities for developers are dwindling as “hot spots” around the country turn lukewarm. “Hot spots are the places where there’s high [...]
The Mayo Clinic Center for Innovation (CFI) recently announced that Best Buy is the founding consortium member of a new “living lab” in the Charter House, a Rochester continuing care retirement community. The Mayo Clinic CFI is collaborating with the Mayo Clinic’s Robert and Arlene Kogod Center for Aging and the Charter House to further [...]
The nursing home industry is shrinking even as the nation’s population ages, meaning 42 million seniors could end up without care by 2012, according to an infographic created by Assisted Living Today. While 10,000 baby boomers are reaching senior status each day, and will continue to do so for nearly 20 years, according to U.S. [...]
Senior living provider TLC Management and real estate development company Leo Brown Group recently broke ground on a $17 million senior living community in Newburgh, Indiana. The project, named The Village at Hamilton Pointe, will offer a full continuum of senior care, allowing residents to age in place thanks to the campus’s multiple senior living [...]
In response to a Miami Herald investigation into Florida assisted living facilities that uncovered sordid cases of elder abuse and neglect, the state Senate professional staff released a report calling for both increased and reorganized ALF regulatory oversight. Currently, the Agency for Health Care Administration (AHCA) is in charge of licensing and inspecting ALFs, and may impose administrative [...]
An assisted living and nursing home facility in Vale, Ore., violated federal law when it refused to hire an applicant with a disability for which she took a prescription medication, says the U.S. Equal Employment Opportunity Commission (EEOC) in a recently filed lawsuit. Pioneer Place Assisted Living refused to hire Pamila Bourasa for a cook [...]
OnShift, Inc., a software program allowing long-term care and senior living providers to schedule staff and manage shifts, has expanded its service platform to include the iPad. The innovation is expected to help directors of nursing, administrators, schedulers, and others in long-term care and senior living to save time and improve efficiency by giving them [...]
The Crown Group Inc., Evergreen Realty Services and Pathway Senior Living will break ground on Thursday for Oak Hill, a 94-unit licensed supportive living community in Round Lake Beach, Ill. The community, slated to open in December 2012, will offer older adults deluxe accommodations in private studio and one-bedroom apartments, along with access to a [...]
While the markets in Europe might be on the brink of collapse, across the pond, senior housing is seeing investment continue to grow, primarily from Real Estate Investment Trusts (REITs). Data released last week at the National Investment Center for the Seniors Housing & Care Industry (NIC) annual event in Washington, DC, shows that $16.8 billion worth [...]
