Legislation being pushed by Oregon Governor John Kitzhaber looks to save long-term healthcare costs by using incentives to reduce the number of excess nursing beds in the state, according to The Lund Report. House Bill 2056 allows the Department of Human Services to establish negotiations with competing nursing facilities without breaking anti-trust laws, by offering financial […]
Overall, the cost of care among facility-based providers has increased over the last five years, according to the Genworth 2013 Cost of Care Survey. Nationally, the average price for assisted living care was $41,400, according to Genworth’s findings, while the average cost for nursing home care was $83,950. However, assisted living showed the largest rate […]
Living longer may have its rewards, but it also keeps middle-class boomers anxious about their retirement security. Declining health and the ability to create a sustainable retirement income were two primary concerns among boomers, according to a report from Bankers Life and Casualty Company Center for a Secure Retirement. Declining health was found to be […]
Receiving quality care does not always require moving into an expansive (or expensive) senior living community—sometimes it can be found in a small-scale solution, reports U.S. News. Designed for only 10-12 seniors, Green House model nursing homes provide each occupant with a private room and bath, lifts to get residents in and out of bed, […]
For seniors recently discharged from a hospital stay, research finds that simply walking around could help older adults lessen their chances of a return visit. Outfitting 111 adults aged 65 and older with ankle-bound “step activity monitors,” researchers tracked seniors’ mobility during and immediately following hospital stays, then published their findings in The Journals of […]
Construction: Planned Foreign Investment Program Propels Assisted Living Project With the help of a program that recruits foreign investors, Ridgeline Management Group is looking to break ground on a senior living community in Oregon as early as mid-summer, reports the Albany Democrat Herald. The 92-bed assisted living community will be a three-story 72,000-square-foot building on […]
Senior care providers have begun to see substantial results in their efforts to improve quality of care in the months following the American Health Care Association’s (AHCA) Quality Initiative announcement in February 2012. By December 2012, AHCA members have safely reduced the number of hospital readmissions within 30 days during a skilled nursing facility stay by […]
Leisureworld Senior Care Corporation (TSX: LW) recently agreed to acquire a senior living portfolio of 10 properties in Ontario from Speciality Care Inc. and certain other parties. The portfolio includes six long-term care (LTC) homes, two retirement residences and two properties containing both long-term care and retirement residence components, all of which are located in […]
The 2012 healthcare M&A market was a “mixed bag” influenced by uncertainties stemming from the fiscal cliff and the federal debt limit, as dollar volumes decreased while transactions were on the rise, according to Irving Levin Associates’ Senior Care Acquisition Report. The “real story” for 2012, suggests the report, is that the total number of transactions within […]
A Washington, D.C. nonprofit is helping to increase housing options for seniors living in rural America by funding several organizations who are planning a variety of projects across the country. The Housing Assistance Council (HAC) has selected 16 organizations from 15 states to receive $257,000 in grants for the development or preservation of 418 units […]
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