Brookdale Senior Living, the nation’s largest provider of senior-related services, has received federal funding through its partnership with the University of North Texas Health Science Center for an initiative to do what many assisted living providers are seeking to accomplish: reduce hospital readmissions and provide a better quality of care for residents. Avoidable rehospitalizations cost […]
Category: Assisted Living
While senior living companies have been concerned about how the Affordable Care Act (ACA) will impact them and how they provide health insurance to their workers, they may not realize that the comprehensive reform bill also contains funding for innovative methods of providing care–including for senior living residents. Health care providers can access these opportunities […]
Assisted Living Concepts (NYSE:ALC) reported a net loss of $25.1 million in the second quarter ended June 30, 2012, a dramatic fall from its $6.3 million net income reported one year ago that’s due to charges related to purchasing a 12-property portfolio from Ventas Realty, among other factors listed as “One-Time Items.” The operating company […]
Making a move into senior housing is not a decision that’s made lightly, but it is often a decision that’s made by multiple people, including adult children. Those children of prospective residents are involved in their parents’ transition into a new setting 73% of the time, according to one study from Care.com, but complementary data […]
During the economic downturn, the independent living sector was hit with steep drop-offs in occupancy and a more sluggish rebound compared to assisted living. In response, some providers are getting creative in ways to spur on the slow-but-steady climb to recovery. They’re also looking to face the upcoming challenge of preparing for the future wave of […]
The number of licensed residential care beds reported by states saw a “dramatic increase” in a three-year time frame, says AARP in a report produced by its Public Policy Institute with support from The SCAN Foundation and The Commonwealth Fund as a followup to its report on long-term services and supports (LTSS) in the U.S. […]
Many older adults and their families dread a move into a nursing home, but an alternative—moving in with family—isn’t always a top choice either, writes an MSN Money piece that pits so-called ‘granny pods’ against senior care communities. The article compares the costs and benefits associated with nursing home and assisted living care versus those […]
Bickford Senior Living has assumed the operations of three Georgia assisted living communities and is beginning to transition the properties to align with its existing 45 independent living, assisted living, and memory care branches in seven Midwestern states. Dogwood Forest Buckhead Assisted Living and Memory Care, in Atlanta, Ga., Dogwood Forest Marietta Assisted Living and […]
A Miami-area assisted living facility owner has been sentenced to 37 months in prison for her role in a more than $1.1 million Medicare fraud scheme, says the Department of Justice. Billy Denica was sentenced by U.S. District Judge Joan Lenard in Miami, Fla.; in addition to her prison term, she was sentenced to two […]
Real estate brokerage firm Marcus & Millichap recently brokered the sale of five senior housing properties in three separate transactions with an aggregate sales price of $70.1 million. Ben Firestone and Jacob Gehl, out of the firm’s Chicago office, brokered the sale of three properties, Caley Ridge Assisted Living Community in Englewood, Colo., The Mansion […]
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