Brookdale Senior Living (NYSE:BKD) reported a net loss of $12 million, or $(0.10) per diluted common share, in the third quarter ended Sept. 30, 2012, despite the company’s entrance fee CCRCs producing a record number of independent living sales. “We were pleased with our overall performance in the third quarter,” said Bill Sheriff, Brookdale’s CEO, […]
Category: CCRCs
Continuing care retirement communities (CCRCs) are exploring strategies to expand their market reach to seniors—specifically the sizable group who don’t plan to enter a traditional community—and one model is a “CCRC without walls.” The model isn’t exactly new, as the first one debuted in the 1980s, but it has picked up more attention in recent […]
An upscale continuing care retirement community (CCRC) in Ohio with an approximately 53% occupancy rate has filed for Chapter 11 bankruptcy protection, court documents show. South Franklin Circle is a not-for-profit community that opened in 2009 and has struggled to achieve high occupancy due to the economic downturn. The CCRC currently has about $110.2 million of […]
The next decade or two of continuing care retirement community (CCRC) consumers won’t seek dramatic changes in their senior living preferences, says a white paper published by Life Care Services, but the decision to move to one will depend on a few fundamental components, perhaps chief of which is the ability to maintain independence. “Independence […]
Providing a continuum of care services outside of the traditional bricks-and-mortar setting can be way to increase utilization and occupancy at senior living communities, but it’s paramount for providers interested in starting these types of programs to do their homework, said Sarah Spellman, a director at top-ten accounting firm CliftonLarsonAllen LLP during an interview with not-for-profit […]
There’s an new option for the growing portion of people who may need assistance in their daily lives but aren’t interesting in moving into a senior living community: continuing care retirement communities (CCRCs)-“without-walls,” says a New York Times’ The New Old Age blog. In order to reach this demographic, some care communities are beginning to […]
As assisted living regulations evolve, 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 news bites from across the nation. From CCHGroup.Com—Ill. CCRC Not Exempt […]
Reaching out to aging Americans early—as early as their 60s—and offering amenities that promote an active lifestyle could help continuing care retirement communities (CCRCs) attract seniors and then keep them as residents for the duration of their retirement, according to a new study by a mature market research firm. Access to technology and the availability […]
Life Care Services recently announced that it will provide management services to two Milwaukee, Wisc.-area continuing care retirement communities (CCRCs) and will acquire one of them. The senior living operator will take on management of Newcastle Place in Mequon, Wisc. and Eastcastle Place in Milwaukee, Wisc. beginning around the first of October. LCS and The […]
Real estate investment trusts (REITs) specializing in the health care and senior housing sectors can yield a lot of buying power, but while some may be in the position to take advantage of their lower cost of capital to buy up distressed properties, most are very selective regarding the types of assets they want to add […]
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