dSpecialty investment bank Ziegler announced on Thursday, Dec. 15 the successful closing of a $28,295,000 non-rated bond issue for MRC Crestview’s Bryan, Tex. retirement community. MRC Crestview, formed in 1962, is a Texas non-profit corporation that became part of Methodist Retirement Communities (MRC), a Texas non-profit system that gives management and support services to MRC [...]
Nearly 3,000 nursing home jobs have already been lost in Ohio due to the squeeze created by an 11.1% reduction in Medicare reimbursement rates, and the Alliance for Quality Nursing Home Care recently said this represents the “leading edge of a national trend” that could affect all skilled nursing patients as direct care staff is [...]
Care coordination and cutting down on waste are two major components of healthcare reform, and Accountable Care Organization networks—created through the Obama administration’s Affordable Care Act—will have a measurable impact on the senior housing and care sector, providers say. ACOs encompass groups of healthcare providers, including doctor’s offices, hospitals, and long-term care facilities, who are [...]
Medicare and Medicaid would eventually cease to exist, if Republican presidential candidate Ron Paul had his way, reports the International Business Times. At a campaign event on Tuesday, Dec. 13, Paul, a representative from Texas, told attendees that the Medicare and Medicaid programs are unconstitutional. There’s no provision in the U.S. Constitution that authorizes the federal [...]
Private equity is largely absent from the senior housing market, but it will return pending its ability to mitigate some of the risk involved in the sector, industry experts said at a November panel hosted by The SeniorCare Investor and the American Seniors Housing Association. While many private investors have exited, it doesn’t mean they’re [...]
The senior care industry is increasingly relying on technology to better meet the needs of elders both in senior living facilities and at home. Here are some gadgets, applications, and systems that might be on caregivers’ Christmas lists this year: 1. Memo Touch: The iPad for Seniors This tablet, a tech gadget similar to the [...]
Michigan nursing homes are coming under scrutiny after a three-part series by the Detroit Free Press revealed a trend of neglect in many facilities that resulted in multiple fines and, in some cases, death. In a recent, 34-month period analyzed by the Free Press, state nursing homes racked up $9.9 million in federal fines—the most [...]
The skilled nursing sector has been buffeted by waves of cuts and adjustments to reimbursements in 2011, and a recent report on Medicaid underfunding reveals a $6 billion shortfall to nursing homes. This is the greatest level of underfunding in the history of the study, said Governor Mark Parkinson, president of the American Health Care [...]
CLW Health Care Services Group recently announced its advisory role to MMA Realty Capital Advisors, Inc. in the $11.35 million sale of Crystal Terrace, an Oregon senior housing community. Located in Klamath Falls, the 87-unit property was sold to Quail Park of Klamath Falls, LLC, an affiliate of Seattle, Wash.-based Living Care, which owns and [...]
