Emeritus, a publicly traded assisted living facility operator, posted a $23.1 Million dollar loss in the 3rd quarter as revenues slightly increased but costs to run its operations increased.  The $4.2 million increase in operating expenses was primarily the result of an increase of $2.0 million in utilities costs and $1.9 million in labor expenses. […]

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MetLife’s Mature Market Institute releases its annual survey of Nursing Home and Assisted Living costs.  The Average rates for a private room in a nursing home remained essentially unchanged nationally from 2007, while semi-private rates increased 1.1%, from $189 daily or $68,985 annually in 2007, to $191 daily or $69,715 annually in 2008, according to […]

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The Minnesota Department of Employment and Economic Development has awarded Presbyterian Homes & Services and Minneapolis Community & Technical College (MCTC) a $400,000 grant to develop and execute a three-year apprenticeship program for nursing assistants that could transform how long-term care is delivered in Minnesota and ultimately, establish the vision for tomorrow’s long-term care centers. […]

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LHC Group, Inc. (NASDAQ: LHCG), one of the largest providers of home nursing services in the United States, recently announced its financial results for the third quarter and nine months ended September 30, 2008.  The company announced that net service revenue for the third quarter of 2008, increased 26.7% to $98.2 million compared with $77.5 […]

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Arveda Alzheimer’s Family Care, LLC, an Austin-based company that specializes in operating assisted-living residences, announces that its Buda and Austin residences are near completion and are now accepting reservations.  The Buda and Austin residences will offer the most attentive and state-of-the-art care available in the Austin area. They will follow the “social model” of care, […]

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The MetLife Mature Market Institute(R) released a number of new long-term care and care giving publications in advance of Long-Term Care Awareness month in November. Helpful Hints, produced in conjunction with the National Alliance for Caregiving, are two-page informational bulletins that contain tips and advice for older Americans and for those caring for aging friends […]

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