In the relative absence of new construction, the senior housing industry is left to work with what’s already around, but in some cases, those existing facilities might not be performing well. That’s where turnarounds come into play, and while there’s already opportunity in this field, the potential is likely to grow. Senior housing construction is… Read More »
The nursing home industry is working to prevent further Medicare reimbursement reductions, this time in the form of cuts to bad debt payments, by proposing an alternative: a plan to reduce hospital readmissions from skilled nursing facilities. On Wednesday, Feb. 1, the American Health Care Association (AHCA) will pitch its plan to a House-Senate conference… Read More »
Christian Care Communities Building $30 Million Senior Facility in Kentucky Christian Care Communities, based in Louisville, Ky., and Lexington real estate developer The Joseph Group recently broke ground on Ashgrove Woods, a $30 million senior living community in Nicholasville, Ky. Studio A Architecture is the architect for the development, which will include adult day care,… Read More »
Some nursing homes have been trending away from an institutional style of care to a more homelike atmosphere, and residents at one such Illinois residence are voicing their approval, reports The State Journal-Register. Concordia officials say the center’s “household model,” consisting of 16-resident “neighborhoods” arranged in self-contained pods, is the first of its kind in… Read More »
AdCare Property Holdings, LLC, a subsidiary of AdCare Health Systems, Inc., agreed on Jan. 17 to acquire a 141-bed skilled nursing facility located in Lonoke, Ark. for an aggregate purchase price of $6,486,000, subject to the terms and conditions of the ConvaCare purchase agreement. The purchase is expected to close on March 1, 2012, although… Read More »
Last year saw $227.4 billion worth of healthcare merger, acquisition, and takeover activity, representing an 11% increase from the $205.6 billion spend in 2010, according to Irving Levin Associates, Inc. In terms of financing dollars, 2011 was the fourth-largest year of the past decade, although the actual number of deals announced in the year decreased… Read More »
Group therapy was virtually extinct in the first quarter of 2012 as skilled nursing providers “significantly” changed the mode of patient therapy from group to individual after the Centers for Medicare & Medicaid Services (CMS) revised the RUG reimbursement system, according to a CMS report. Most Medicare patients are in skilled nursing for short-term stays,… Read More »
Hugo Suite Living, located in Hugo, Minn., announced on Jan. 29 that it is converting all of its units to memory care-only, due to the “growing amount of seniors [that] are diagnosed with Alzheimer’s disease.” “We are very happy with the results we have seen at Hugo Suite Living since we have converted to all… Read More »
There’s a lot of buzz around the concept of managed and accountable care thanks to the Affordable Care Act’s Accountable Care Organization (ACO) movement, but it’s not a new idea, and it hasn’t exactly worked in the past, according to a Wall Street Journal roundtable discussion between three health-care policy experts. Dr. Donald Berwick, who just… Read More »
Senior Care Tech Innovation Shines at TedMed 2013
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
Will Google’s Robo-Cars Drive Senior Independence?
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
“Digital Pills” Could Help Senior Care With More Than Just Meds
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
On the Record: Tana Gall, Partner & President of Leisure Care
Tana Gall, president of Seattle-based retirement community management company Leisure Care, made the leap into the senior living industry almost 19 years ago after being lured away from a job in advertising and marketing. Since then, she has used her extensive knowledge of her own company and the industry as a whole as she leads Leisure… Read More »
On the Record: Scott Brinker, EVP of Investments at Health Care REIT
One of 2012′s biggest senior living deals, the $845 million acquisition of Sunrise Senior Living by Health Care REIT, Inc. (NYSE:HCN) in a transaction that spun off the company’s management team and gave Sunrise investors $14.50 per share, was completed two weeks ago but continues to grow as joint venture interests are bought out. The… Read More »
On the Record: Alan Rosenbloom, President of The Alliance for Quality Nursing Home Care
The nursing home industry hasn’t exactly had the easiest of paths for the past fifteen or so years, especially after Congress’s Balanced Budget Act of 1997 attempted to restructure the Medicare reimbursement system and ended up cutting about $16 billion from the program, instead of the originally intended reduction of about $9-10 million. Alan G. Rosenbloom,… Read More »
