The United States is facing the issue of a rapidly aging population that some say it is not prepared for in terms of housing and care, prompting a grassroots organization to start an initiative that allows seniors to remain in their communities and age in place. Beacon Hill Village sprouted up ten years ago, founded [...]
Kuwait Finance House (KFH) recently formed an investment partnership with Grosvenor Investment Management US, Inc. (GIM), to invest in up to $600 million of U.S. healthcare-related real estate. This marks KFH’s second investment partnership with GIM, which is a North American subsidiary of London-based Grosvenor Fund Management (GFM). “The formation of this partnership reflects the [...]
The abrupt decision by the Department of Health and Human Services to end the CLASS Act last week wasn’t expected by advocates and they’re now dealing with the aftermath reports Politico. The news was a slap in the face to CLASS advocates, who knew a report was imminent but did not suspect it would be [...]
Kindred Healthcare, Inc. recently announced that its subsidiary has acquired the assets of Synergy Home Health Care, Inc. in a transaction with undisclosed financial terms. Kindred used its operating cash flows and proceeds from its revolving credit facility to finance the transaction, and did not assume any of Synergy’s liabilities or debt in the transaction. [...]
The Consumer Financial Protection Bureau today announced that Hubert “Skip” Humphrey will lead its new Office of Older Americans. Humphrey has served on AARP’s national board and has also worked on behalf of seniors as president of the Minnesota AARP and as a former Attorney General. “We will remind seniors about protecting their homes,” Humphrey [...]
The failure of the “Supercommittee” to reduce the federal deficit by $1.2 trillion over the next 10 years could lead to an across-the-board 2% cut to all government agencies, putting more pressure on senior housing operators and slowing transaction activity. The industry was hit with an 11.1% reduction in Medicare reimbursement rates for skilled nursing [...]
For the 9,000 senior living professionals attending the 2011 LeadingAge Annual meeting this week in Washington, DC, it’s all about embracing the challenges presented before them, to deliver better, more innovative care to aging Americans. In his annual address, Larry Minnix, CEO of LeadingAge, listed six “imperatives” for members, including flexing the strength of not-for-profit [...]
Five Star Quality Care (NYSE:FVE) purchased a portfolio of three seniors housing properties in Indiana from BAI for $52 million. The properties include Forest Creek Commons, a 122 unit single story apartment building that serves St. Francis Hospital. The property includes an assisted living portion that was constructed in 1995 and an addition was built [...]
Taking Advantage of Medicare Advantage
It’s hard to believe, but Medicare’s open enrollment season began last week. And this year, as a result of the federal health reform law, seniors will have to brace for several changes. Seniors who rely on privately administered Medicare Advantage plans for their benefits will face the biggest adjustments. That’s too bad, as Medicare Advantage [...]