Health Care REIT (NYSE:HCN) is bullish on the upside potential of its senior housing RIDEA portfolio based on its location in primary markets despite occupancy challenges that could accompany above-market rents. The market has been applying a “do no wrong” mentality to HCN’s stock in terms of valuation, which is up about 23% from the… Read More »
The senior care industry can expect increased Medicare fraud scrutiny in the next couple years as the Obama administration seeks to recoup program dollars to help fund health insurance coverage expansion, according to a senior member of a law firm’s Healthcare Practice Group. “[Because of] healthcare reform, President Obama will try to find any Medicare… Read More »
Despite a smaller first quarter acquisition pipeline than previously projected and a dwindling number of large, available portfolios, the CEO of Senior Housing Properties Trust (NYSE:SNH) expects the pace will start picking up soon. The REIT is aiming for $300-400 million acquisition pipeline in 2013 but so far has only completed $75 million of acquisitions:… Read More »
Former Life Care Centers of America employees are speaking out against the company, which is currently under federal scrutiny amid allegations it has been overbilling Medicare millions of dollars each year for unnecessary or excessive therapy, reports CBS This Morning (CTM). With more than 30,000 beds, Life Care Centers is the nation’s third-largest nursing home… Read More »
There are a variety of job openings right now in the ever-growing senior living industry, from director of marketing or sales to move-in coordinator and assisted living administrator. If you’re in the market for a new gig, check out the Senior Housing News jobs board and apply today. Westhampton Senior Living, Morningside of Fullerton, and a… Read More »
Laura Bush, like most Americans, is no stranger to caregiving. During a luncheon at the Assisted Living Federation’s 2013 Conference & Expo, the former first lady recounted her own family’s experience and recognized the important role of senior living providers and caregivers. Former First Lady Bush spoke during an awards luncheon and ceremony hosted by… Read More »
Lancaster Pollard Assisted Kan. CCRC with Bond Refinance Lancaster Pollard recently assisted Brewster Place Retirement Community, a not-for-profit continuing care retirement community in Topeka, Kan., in refunding an existing bond issue. The 30-acre CCRC has 229 independent living units, 28 assisted living units and a fully licensed 97-bed skilled nursing facility. Lancaster Pollard developed a… Read More »
Consumer expectations have risen across the board for every age group and industry, but the senior living industry is behind in how it targets its product to today’s consumers, says a mature market researcher. Other industries have changed in the Internet age as a “hyper-abundance” of consumer choices have cropped up. Transparency is becoming paramount, said… Read More »
Mather LifeWays’ president and CEO Mary Leary recently celebrated 10 years with the organization, during which time she has taken it from “one of the industry’s best kept secrets” to an innovative global resource for wellness and aging well, according to her peers. She’s done so, they say, under a leadership style characterized by creativity,… 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 »
