After the Miami Herald reported on hundreds of incidents of neglect and physical abuse within “assisted living” communities across the state over ten years in a 2011 series of articles, industry advocates are stressing the need to define what assisted living really means and the protections it requires. Since “assisted living” is a broad term […]
Despite entering into an agreement last month to be acquired by private equity firm TPG for $278.8 million, Assisted Living Concepts (NYSE:ALC) isn’t out of the woods yet. The Menomonee Falls-based assisted living provider reported a net loss of $2.6 million in the fourth quarter ended Dec. 31, 2012, compared to a net income of $7.3 […]
The real estate market crash may have a silver lining, as it turns out, in attracting younger baby boomers to move into retirement communities. In Florida, low condo prices as a result of the housing market downturn has prompted many buyers to purchase homes located in retirement communities, even if they haven’t reached retirement age, […]
Construction: Planned New Skilled Nursing Facility Planned for Fargo Eventide Senior Living Communities will break ground early this summer on a skilled nursing facility in Fargo, North Dakota, reports the local WDAY TV. The facility will provide 90 private resident rooms for both long-term and short-term transitional care, and will be located at 32nd Avenue and […]
This week’s round-up includes another eclectic group of the latest innovations in senior care technology. From a nationwide wireless provider weighing in on home health care, to a futuristic take on grandpa’s walking cane, companies continue their focus on seniors’ health and well-being. While some are geared toward allowing seniors to age in place with […]
A Chattanooga, Tenn.-based nursing home manager has agreed to pay $2.7 million to resolve False Claims Act allegations, announced the Department of Justice (DOJ) last week. Grace Healthcare LLC and its affiliate Grace Ancillary Services LLC allegedly violated the False Claims Act, according to DOJ, for knowingly submitting claims for medically unnecessary rehabilitation therapy. The […]
As the nation’s senior population grows and lifespans extend, competition for housing the elderly is coming from an unlikely corner: prison. Along with the surging population of senior inmates—driven by an increase in life sentences—is the staggering cost of their care, with taxpayers in some areas footing the bill, according to an article from Time […]
A resident’s quality of care compelled Genesis HealthCare to enter a settlement agreement with the Department of Health and Human Services Office for Civil Rights (OCR) earlier this week. The settlement follows a complaint that Genesis failed to provide a qualified interpreter to an deaf resident at its skilled nursing facility (SNF) in Randallstown, Maryland. […]
Construction: Planned Developer Plans to Build Senior Housing on Grounds of Sports Stadium Presbyterian Senior Living plans to build a 36-unit rental senior living community on the grounds of Memorial Stadium, the Baltimore Sun reports. The organization anticipates that its project, Heritage Run at Stadium Place, will be completed by early spring of next year, and […]
Senior housing developers have tried to break into the Asian market, but with little success as regulations and cultural barriers often hampered foreign groups’ entry and progress. With demand and need growing, that’s starting to change. In recent months, the regulatory environment has loosened in China as the government tries to prepare for the impending […]
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