Here’s a list of possible turnaround opportunities for senior care facilities, ranging from troubled facilities that have lost or may lose Medicare/Medicaid licensing, to ones that have been shut down by the state, to places that plan to close their doors voluntarily for various reasons. This edition also includes five facilities in one Wisconsin county [...]
There are very few older adults aged 65 or older enrolled in the Medicare program living in long-term care facilities or community housing with services, according to a recent study released by the Center for Housing Policy. Although just 4% of the 65+ demographic live in long-term care facilities, this number nearly quadruples to 15% [...]
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 that are worth reading. [...]
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 Journal Sentinel—Assisted [...]
Heading into retirement, many boomers are facing economic challenges and uncertainty about how they’ll fund their long-term care. They’re also looking to age in place, but are wondering who exactly will take care of them—at least, that’s the case for Minnesota boomers, found the Minnesota Post in a four-part series it recently ran that painted [...]
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 Des Moines [...]
Leaders in Washington, DC, are finally starting to realize there is a crisis coming as 10,000 baby boomers turn 65 each day. Earlier this week, Senator Bob Corker (R-Tenn), warned Congress that long term care financing is a major train wreck and is “heading for a national crisis.” These words came at a Senate Aging Committee hearing focusing on [...]
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 Columbus Dispatch—Ohio’s [...]
Saint Catherine’s Hospital of Pennsylvania, LLC filed for Chapter 11 bankruptcy protection on Monday following the recent closure of its Fountain Springs medical center, which includes a long-term care facility, reports the Republican Herald. The last of Saint Catherine’s long-term care residents are transferring to other facilities after a state Department of Health complaint investigation revealed it [...]
On the Record: Steven Insoft, CFO & COO of Aviv REIT
While publicly traded healthcare real estate investment trusts (REITs) like HCP, Inc., Ventas, Inc., and Health Care REIT Inc. grab a lot of headlines, privately traded ones like Aviv REIT often seem to fly under the radar. But as Senior Housing News recently discovered after speaking with Aviv’s Steven Insoft, who holds dual roles of [...]
On the Record: Majd Alwan, Executive Director of LeadingAge CAST
With technological advancements tied so closely to the future of senior care, Senior Housing News recently interviewed Majd Alwan, Ph.D., the Senior Vice President of Technology and Executive Director of the Center for Aging Services Technologies (CAST) at LeadingAge, an association of not-for-profit, long-term care providers of senior services. At any given time, CAST is [...]
On the Record: Keith Reuben, EVP of Commercial & Specialty Lending at Capital One Bank
In the past 30 years, Capital One has transformed itself from “just” a credit card company into one of the U.S.’s top banks. And as part of its lending arm, Capital One Bank says it has a significant focus on its commercial and specialty finance business, which encompasses senior housing and care lending. Last Fall, [...]
On the Record: Adam Kane, SVP of Corporate Affairs at Erickson Living
In 2009, the company known as Erickson Retirement Communities, headquartered in Baltimore, Md., filed for Chapter 11 bankruptcy protection. In December of that year, Hanover, Md.-based Redwood Capital Investments LLC bought most of the bankrupt company’s assets for $365 million, out of which emerged Erickson Living. Senior Housing News recently caught up with Adam Kane, [...]
On the Record: David Reis, CEO of Senior Care Development
After seeing that Senior Care Development, LLC had placed a stalking-horse bid on the bankrupt Clare at Water Tower, in Chicago’s Gold Coast, Senior Housing News tracked down its chief executive officer David Reis for an exclusive interview. Reis has extensive experience in senior living development, and specializes in ground-up development of large-scale continuing care [...]
