ALFs Battle High Turnover Costs by Pushing Early Entry

It’s often hard for seniors to transition from living at home to entering an assisted living facility, but marketers say it’s important to stress the necessity of the services they offer in order to get people to make the leap sooner rather than later. “Sales people will focus on benefits of assisted living, and all […]

Brooks Rehabilitation Adds Senior Care Services to Bartram Campus Plan

Brooks Rehabilitation recently began infrastructure development on its Bartram senior housing and care campus, located in Jacksonville, Fla., adding assisted living and memory care facilities to the services it will offer. The first phase of the project will break ground in early 2012, and will include a 61-unit assisted living facility (ALF), an 18-unit memory […]

Is Assisted Living the Land of Opportunity for Investors?

Despite declining capital rates in assisted living and skilled nursing facilities, many senior housing and care executives see promise in the industry, especially when it comes to the assisted living sector. During an online conference of senior care investors hosted by Irving Levin Associates earlier in September, a group of panelists weighed in on M&A […]

HUD Awards Nearly $100 Million to Help Independent Living for Elderly and Create Jobs

The Department of Housing and Urban Development awarded nearly $100 million in grants to help public and assisted housing residents find employment and help the elderly maintain independent living. The funding can also be used to retain or hire “service coordinators” or case workers for these HUD-assisted families to connect them to the supportive services that […]

Senior Housing Shortage a Gold Mine for Developers

While demand is growing for senior housing, supply has dwindled as a result of the housing market collapse, so the companies who have stuck with development are poised to benefit from the housing needs of America’s aging population, a New York Times article reports. Most of these developers are small- to mid-size regional operations that […]

AdCare Acquires Arkansas Skilled Nursing and Assisted Living Facility for $4.2 Million

AdCare Health Systems (NYSE:ADK) announced Monday it has signed a definitive agreement to purchase a skilled nursing and assisted living community in Mountain View, Arkansas for $4.2 million. In aggregate, the facilities have 129 beds that generated an estimated $5.2 million in annualized revenue.  Expected to close in the fourth quarter of 2011, AdCare plans […]