Senior care communities are looking for ways to drive revenue through ancillary services, and many are turning to on-site rehabilitation and therapy as strategy to counteract shrinking Medicare reimbursement margins for skilled nursing care. Continuing care retirement communities (CCRCs) in particular have the ability to harness potential revenue from Medicare Part B, which provides coverage and payment […]
Category: CCRCs
Continuing care at home (CCAH) programs aren’t new to the senior living industry, but the concept garners a lot of attention and consideration and LeadingAge had published white paper reminding its members that creating and launching this kind of program isn’t for everyone. The concept has been around for just south of 30 years, but there are […]
More and more specialized retirement communities are emerging as the 65+ population booms, catering to seniors outside the mainstream who don’t want to move into more traditional communities where age may be their only commonality with fellow residents. Part of the drive behind these “quirky” retirement communities is the aging of the baby boomers and […]
Low interest rates for new tax-exempt continuing care retirement community (CCRC) financings are coinciding with some rating agencies’ concerns regarding the senior living industry’s increasing average community age. In the not-for-profit sector, interest rates for new campus financings are at their lowest levels since early 2008, according to Ziegler’s Senior Living 2013 Sector and Market Outlook. […]
A district court in Florida has overturned an order allowing the State of Florida to intervene and act as receiver for an insolvent continuing care retirement community (CCRC) for the benefit of its residents, saying an initial ruling “erred on the side of caution.” Florida is “without this authority” under the case’s circumstances, involving the […]
As demand for in-home care and aging in place continues to grow, senior living industry is looking for ways to expand market reach and boost occupancy, prompting some entrepreneurial providers to develop Continuing Care at Home (CCaH) programs. The “CCRC without walls” model is helping to mold the future of senior care, says CliftonLarsonAllen in […]
In an effort to attract more retirees, one particular senior housing community is offering potential guests complimentary overnight stays as a way of test-driving the facility before making a decision. Florida’s East Ridge at Cutler Bay is a Continuing Care Retirement Facility (CCRC) that caters to a number of seniors as the only South Florida […]
Bondholders for Clare Oaks, a continuing care retirement community in Bartlett, Ill., will lose about $23 million as a result of a new bond issue, unanimously approved by the Illinois Finance Authority, to restructure the bankrupt community’s debt. The IFA voted 11-0 to approve a $90 million bond issuance to restructure the debt obligations of […]
Cain Brothers Arranges $11.2 Million Loan for Ore. Senior Care Facility Cain Brothers Funding arranged an $11,212,000 taxable loan insured under the FHA Section 232-223(a)7 LEAN program for Dallas Health Care Center, a 161-unit skilled nursing, assisted living, and memory care facility located in Dallas, Oregon. The proceeds of the new loan were used to […]
The majority of continuing care retirement communities budget $20,000 or less per independent living unit sale, finds a Ziegler CFO HotlineSM about marketing costs and commissions. The survey took multiple variables into account, csuch as organization size, wage and commission structure, along with the current occupancy rate. Nearly one hundred participants responded to the survey, the […]
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