When looking back on 2011, senior housing industry professionals agree that the billions of dollars worth of real estate investment trust (REIT) activity played an integral role in shaping today’s market. But some say that going forward into 2012, healthcare reform will be a key influence in the industry, and others point out the changing [...]
The first federal government website devoted to the policies and people of Medicaid launched this week at Medicaid.gov. Launched and managed by the Center for Medicaid and CHIP Services (CMCS), the site also serves as a resource for those who work with the Center’s Children’s Health Insurance Program (CHIP). CMCS has worked to revitalize and [...]
On Tuesday night, Dec. 13, the U.S. House of Representatives passed legislation that included reducing Medicare bad debt payments, a proposal decried by the American Health Care Association (AHCA) and the Alliance for Quality Nursing Home Care as it will “unfairly impact” skilled nursing facilities, and further contribute to sector instability. The provision, Section 2224 of [...]
When it comes to designing aging urban communities, the focus shouldn’t be on “senior housing”—it should be about lifestyle, a place where residents want to live and age in place, said the senior living community architect behind the BOOM projects in a SmartPlanet article. The BOOM projects are residential communities being built around the world [...]
After closing on seven more properties on Dec. 8, Equity LifeStyle Properties (NYSE:ELS) has just one property left from the 75-property manufactured home communities and one RV resort portfolio it acquired in May 2011. The stated purchase price for the most recent seven acquisitions was approximately $99 million, funded with the assumption of approximately $55 [...]
The senior housing market saw a record year of activity in 2011, with billions of dollars of acquisitions, joint ventures, and RIDEA-structured partnerships that served to consolidate the industry. And while the market has cooled down, the action isn’t over, said industry experts during a November panel hosted by The SeniorCare Investor and the American [...]
It might be closing time for hundreds of assisted living facilities in Florida as state legislators prepare to increase regulatory oversight in response to statewide industry scandals exposed by the Miami Herald earlier this year, and a Grand Jury report criticized the state for for not doing enough to enforce existing regulations. In September, the [...]
Carol Galante, current acting Federal Housing Administration commissioner, made it one step closer Tuesday to holding a permanent spot in FHA’s chief position. A Senate committee voted Tuesday in favor of making Carol Galante’s position permanent, following her nomination from President Obama in October. The decision now goes to a full Senate vote. The Senate [...]
Clinton Group, Inc., the investment manager for Clinton Magnolia Master Fund, Ltd. and one of the largest investors in Sun Healthcare Group, Inc. (NASDAQ:SUNH) are calling for the company’s sale in a Dec. 12 letter to Sun’s board of directors. “We are proud owners of the Company and believe the stock is significantly undervalued,” the [...]
