Love Funding recently closed two loans, for a total of $12.3 million, to assist Columbus, Ohio-based Vrable Healthcare, Inc. in the acquisition of two Ohio skilled nursing facilities. Vrable bought the two facilities, Southern Hills Skilled Nursing and Rehabilitation Center in Middleburg Heights, and Abbyshire Place Skilled Nursing and Rehabilitation Center in Bidwell, through two [...]
The Centers for Medicare and Medicaid Services’ (CMS) proposed changes to the home health prospective payment system (HH PPS) would lead to negative Medicare financial margins for more than half of all home health agencies, according to National Association for Home Care & Hospice’s (NAHC) analysis of data in the proposal. CMS released its proposed rules [...]
AARP awarded two $18,500 scholarships to entrepreneurs focused on meeting the needs and wants of the growing baby boomer population. The companies were invited to present their ideas on stage at the DEMO Conference, a tech industry event earlier this week. “AARP is continually looking for new ways to shape and transform society so that aging [...]
The Community Living Assistance Services and Supports (CLASS) Act is insolvent according to a new report from the Republican House-Senate. “In the summer of 2009, a series of email exchanges between the chief actuary and the CMS Office of Legislative Affairs show that support for the long-term care program was growing within the Obama administration and among [...]
American families are faced with an increasingly challenging financial market, with many factors threatening their financial security. The recent economic crisis has injected a new urgency in planning for the future. Some people are turning to family members or friends for support. Sometimes, however, families and friends are not able or equipped to take on [...]
With the recession dragging on, the senior housing market has experienced a significant slump. New construction starts have dropped by 53% since the 2008 crash, and now make up just over 1% annually of the senior housing inventory, according to the National Investment Center for the Seniors Housing & Care Industry (NIC). At the same time, [...]
Less than 40% of older Americans with moderate to severe disabilities reside in a nursing home, with most choosing to receive care in their homes or communities, says new data analyzed by Avalere Health LLC for The SCAN Foundation. In 2006, only 38% of older Americans with disabilities chose to receive care in nursing homes, [...]
The Department of Housing and Urban Development is providing $25 million to help multifamily residential properties reduce their energy consumption. Through the new energy innovation multifamily pilot program, the goal is to develop ideas and mechanisms that could potentially be replicated nationally as well as help create industry standards in the home energy efficiency retrofit market. [...]
South Bay Partners, Ltd., along with its joint venture partner, Integrated Real Estate Group, have contracted to purchase land for developing a $9 million memory care community in San Antonio, Tex. The two companies, both based in Dallas, announced their intentions to break ground in late 2011 on a 67-bed community, which will be the [...]
