In case you missed it, here are the top headlines grabbing readers’ attention this week, plus some other notable stories from around the web that caught our eye here at SHN:
Most Read on SHN
ABHOW, be.group Merger to Create $1.5 Billion Senior Living Nonprofit — California-based nonprofit senior living providers American Baptist Homes of the West (ABHOW) and be.group have agreed to merge, positioning the new company to have nearly $1.5 billion in total assets.
BrightStar to Franchise 100-Property Senior Living Pipeline — BrightStar Senior Living is planning a five-year, 100-property pipeline of assisted living communities to be built and operated through a franchising format—which the company has used to grow its longtime home care business.
Senior Housing Occupancy Slips as New Projects Hit the Market — New inventory hit a six-year high in the second quarter, but declining occupancy shows supply is outstripping demand, according to new data released by the National Investment Center for Seniors Housing & Care (NIC). And this could be only the beginning, as more new developments are poised to come online.
Weekend Read
A New Twist On Planned Senior Communities — A town-within-a-town is a newly emerging trend in senior housing development, reports Forbes in a recent article. Healthy Living Community, a partnership between ActionPact and Liberty Hospital, will focus on wellness and intergenerational living.
Spotlight On: CMS
Obama’s CMS nominee Slavitt could face rough road to confirmation — President Barack Obama has nominated Andrew Slavitt as administrator of The Centers for Medicare & Medicaid Services (CMS). Slavitt was appointed by HHS Secretary Sylvia Mathews Burwell as part of an attempt to create clearer lines of authority at the CMS, explains a recent article in Modern Healthcare.
CMS would pay for end-of-life counseling under new rule — The Centers for Medicare & Medicaid Services (CMS) recently proposed a new rule that would reimburse doctors for end-of-life counseling. The decision comes amid growing discussion about a sick patient’s right to forego medical treatment that would keep them alive or on life support.
For Your Viewing Pleasure
Have you ever wanted to crash a car through a garage door? Walter Thomas of Woodstock, Ill. proves even at age 91 the dream can become reality. Watch the video here.
Written by Cassandra Dowell
Companies featured in this article:
ABHOW, be.group, BrightStar Senior Living, Centers for Medicare & Medicaid Services, Healthy Living Community
