The interim CEO of assisted living community owner/operator Assisted Living Concepts (NYSE:ALC) spoke out about his company’s recent troubles during a conference call with Wall Street analysts and an interview with company stakeholders, stating his intention to fix the company’s problems. Charles Roadman II, a physician and retired lieutenant general for the U.S. Airforce, was […]
Category: Assisted Living
In case you missed it, here’s a list of senior housing and care transactions covered by Senior Housing News in the first half of 2012, starting from those published most recently and dating back to January. June Senior Housing Sales & Acquisitions MBK Senior Living Acquires Ariz. Independent Living Community for $31.9 Million Chartwell Sells […]
Assisted living facilities in North Carolina house seniors alongside those with mental illnesses, but federal efforts to separate the two populations are putting many state care homes in danger of losing Medicaid funding, reports the Winston-Salem Journal. Federal authorities want states to separate the populations whenever possible, and have promised to withhold Medicaid money to make […]
Healthcare real estate investment trust Ventas, Inc. (NYSE:VTR) announced on Monday that it has sold 12 senior housing communities to operator Assisted Living Concepts, Inc. (NYSE:ALC) for $100 million in cash. ALC had been the tenant for these communities. Its leases with Ventas were terminated at the transaction closing, and the REIT no longer owns […]
Senior Living Investment Brokerage, Inc. recently facilitated the sale of an 86-bed skilled nursing and assisted living facility located in Rose Hill, Kans. for $4.25 million, or about $55,900 per bed. Rose Hill is a one-story, approximately 33,000-square-foot facility that sits on 5.5 acres of land. The skilled nursing section has 56 beds and was […]
The process of launching a new program that specially ranks certain New Jersey assisted living communities is in its final stages, as the state Department of Health and Senior Services goes through the 62 applications of participant hopefuls. The Assisted Living Federation of America’s New Jersey affiliate, the Health Care Association of New Jersey, is […]
As assisted living regulations evolve and tighten, Medicare and Medicaid reimbursements fluctuate, and healthcare reform begins to take effect, many states are facing their own challenges as they continue to develop, operate, and implement new rules and programs. Here is a collection of long-term care related stories from across the nation. From the Toledo Blade […]
Assisted living can function as an “obvious solution” for preventing hospital readmissions thanks to technology and care partnerships, but first the industry must develop a model to measure outcomes and educate the care continuum of its abilities, said a panel of senior living executives at the recent ALFA 2012 Community event. Educating others on the […]
Many assisted living residents are there because they need help managing their medications, and some senior living providers are moving toward electronic recordkeeping for medication administration in an effort to become more efficient and improve their care continuum partnership profile. For one community, going electronic meant seeing its annual medication errors drop by more than […]
Seniors have multiple housing and care options available to them in various stages of existence, whether they’re emerging, developing, or have been around for some time. Considering this, it’s not surprising to learn that as assisted living has grown and evolved in the past two decades, it has had a “modest but significant impact” on […]
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