The Consumer Financial Protection Bureau today announced that Hubert “Skip” Humphrey will lead its new Office of Older Americans. Humphrey has served on AARP’s national board and has also worked on behalf of seniors as president of the Minnesota AARP and as a former Attorney General. “We will remind seniors about protecting their homes,” Humphrey […]
Health care merger and acquisition volume totaled $58.9 billion in the third quarter of 2011, placing the sector on pace to strongly surpass its volume in 2010. Having seen $185.9 billion to date in 2011, heath care M&As should exceed last year’s activity by about 20%, says Levin Associates’ Health Care M&A Report for the third […]
Seniors housing under construction remains flat despite a rise in new starts in 2011, says the annual Seniors Housing Construction Trends Report, released at the National Investment Center for the Seniors Housing & Care Industry (NIC) conference in September. While seniors housing and care construction starts in the top 100 U.S. metro markets have increased […]
Implementation for the new notice-posting rule, put into effect by the National Labor Relations Board, has been pushed by more than two months to allow for time to educate and improve outreach to employers. The new date of implementation is January 31, 2012. The rule requires most private sector employers to post a notice advising […]
Senior Living Investment Brokerage, Inc. announced this week that it has brokered senior housing deals totaling $56.23 million. The properties include assisted living and skilled nursing facilities spanning five states. “Acquisition activity across the country remains strong with a wide range of investors continuing to have a positive impact on the market for senior living […]
While the Department of Housing and Urban Development’s senior housing programs have created a backup a mile long, Fannie Mae wants to make sure operators are not over looking its programs for assisted living facilities. Often considered more conservative than HUD’s programs, the government sponsored entity wants to make sure operators with experience know they can help, […]
A former Los Angeles public housing site now offers 100 affordable senior apartments to seniors who are at or below 30% of the L.A. County area median income. The green development, Dana Strand, officially opened on October 6 as the product of a partnership between the City of Los Angeles and ROEM Development Corporation. The […]
Stanford University has launched an interdisciplinary research center focused on financial fraud targeted toward seniors. Thus far, its experts say that the victims may not be who you would expect. “The factors that go into making people vulnerable are not well understood…Even people who did everything right are finding themselves in situations where those savings […]
Senior Care Centers of America, the second largest U.S. operator of adult day services, will merge with Active Day, currently the largest provider of those services. The merger, which will boost the company’s presence to 76 centers in 11 states, is expected to close in November. Active Day will become a subsidiary of Trevose, Penn.-based […]
Aging advocacy group LeadingAge (formerly American Association of Homes and Services for the Aging, or AAHSA) is pushing for support for the Department of Housing and Urban Development’s Section 202 program, currently “under attack” by the Senate. Funding for the 202 program, which provides financing for low-income senior housing as well as rent subsidies for the projects […]
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