With the first of the 78 million Baby Boomers already reaching age 65 in 2011 and more on the way, the nation’s housing system will require new approaches to meet the “aging in place” demand of this swelling population. Staying in one’s home not only reflects a “financially sensible housing option” for many seniors, but […]
Despite fewer blockbuster deals, the Long-Term Care sector was one of only two healthcare sectors to experience positive merger and acquisition growth in the first quarter of 2013 compared to the previous year, according to an Irving Levin report on the Health Care M&A Market. The sector saw a 28% drop in the number of […]
Ventas, Inc. (NYSE: VTR) announced today that normalized funds from operations (FFO) for the quarter ended March 31, 2013 increased 14.3% to $301.6 million. Normalized FFO per diluted common share was $1.03 for the first quarter of 2013, a 13% increase from $0.91 for the same period in 2012. “We are pleased to report that […]
Kindred Healthcare, Inc. (NYSE: KND) announced today that it has signed an agreement to sell 17 of its facilities to an affiliate of Vibra Healthcare, LLC, for $187 million. The facilities consist of 15 transitional care hospitals containing 1,052 beds, one inpatient rehabilitation facility containing 44 beds and one skilled nursing facility (SNF) containing 135 […]
Most prospective residents and their families search online first before deciding which communities they would like to tour and eventually call home. And with the prominence of reviews and social media in search results, the online reputation of senior living communities can truly make a huge bottom line difference. Consider that: At 78.2%, baby boomers […]
In recent years, the concept of a senior living residence has changed to fit the needs of a growing population. In India, this is no exception, as the senior population is projected to reach monumental numbers in the coming decade. By 2025, India’s senior population is expected to reach 173 million adults over the age […]
LGBT seniors often lack the same supports—in the form of children and spouses, for example—that their heterosexual counterparts enjoy, according to an article from CBC News Canada, a trend that’s prompting a private sector approach to filling the gaps. Seniors who identify as lesbian, gay, bisexual, or transgender (LGBT) were found to be twice as […]
Construction: Planned Kisco Senior Living Converting IL Units into AL at Va. Community Kisco Senior Living is renovating and expanding its First Colonial Inn property in the Hilltop area of Virginia Beach. The Carlsbad, Calif.-based company also said it is converting some of the building’s units that are currently independent living into assisted living accommodations. […]
The number of Medicaid-funded adult day care centers in New York City is 24 times bigger today compared to two years ago with nearly 200 locations sprouting up across the city, but many are suspected of taking advantage of the new managed care system, says a New York Times article. Medicaid benefits are meant for individuals […]
Included in this edition’s round-up is another batch of senior care technologies that promote independence and support desires to safely age in place. Senior care technology innovations come from all over the world in this week’s lineup. From an Israeli Alzheimer’s memory game making its way to Harvard, to a European collaboration for a robot caregiver, […]
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