Health Care REIT (NYSE: HCN) has announced that as of July 1, its longtime executive Chuck Herman, who currently serves as president of the company’s senior housing division, will retire. The company announced Herman’s intentions in a public filing on Monday. Charles J. Herman, Jr., known in the senior housing industry by his nickname, Chuck, informed the […]
Bloomberg News reports emerged Thursday indicating that Ventas, Inc. (NYSE: VTR) has entered a bid for General Electric Co.’s multi-billion dollar health care finance unit. Despite the report, sources with knowledge of the matter tell SHN Ventas is not moving forward in the bidding process. It is company policy not to comment on speculation or rumors related to […]
The existing housing stock is unprepared to meet the needs of America’s large and growing senior population, and new research points to a need for alternate housing accommodations. Aging baby boomers will lift the number of older households aged 65 and over 42% by 2025, and double the number aged 80 and over by 2035, notes a new report by Harvard […]
N.J. Senior Housing Provider Receives $8M for Seniors Affordable Housing Springpoint Senior Living received approval from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) for $7.8 million dollars in funding to provide rental housing in Ocean County, N.J. for older adults who were impacted by Superstorm Sandy. Springpoint will use these funds along with […]
Sex abuse cases involving senior living staff against residents often are as baffling as they are complex, making it difficult for operators to respond effectively and humanely to the incidents, and ensure that they do not occur again. And of course, the way a senior living provider reacts to allegations of abuse at the hands […]
Telehealth holds promise as a way for seniors to receive medical evaluations and interventions from the comfort of their own home — including in senior living communities — through technologies such as video and wearable sensors. Providers see telemedicine as a way to potentially avoid hospital admissions and improve residents’ well-being. But with the technology […]
Navigating the sea of lead generation strategies is an ongoing challenge for many senior living operators, especially as the Internet produces new ways of reaching prospective residents. Internet leads represent 50% of all new lead generation in the senior living industry, according to new data released by Senior Living SMART, a Web-based marketing resource focused […]
Genesis HealthCare (NYSE: GEN) announced Monday that the company has signed an asset purchase agreement with Revera Inc. to acquire 24 of its U.S. skilled nursing facilities along with its contract rehabilitation business for $240 million. Under the agreement, Genesis will acquire the real estate of 20 of the 24 facilities and will enter into a long-term lease […]
Former first lady Barbara Bush recently celebrated her 90th birthday, and had the team here at Senior Housing News wanting to know her secret to longevity (find out below). SHN readers were interested in how one Florida senior living community will get even bigger, Mainstreet’s $5 billion development pipeline and more. As we got ready […]
As high rates of employee turnover continue to plague the senior living industry — costing operators millions of dollars — one provider is taking matters into its own hands through its very own senior living recruiting firm. The Goodman Group recently launched a national recruitment and placement company to grow the talent pool of supplemental […]