Welltower, Johns Hopkins Unveil Assisted Living Quality Framework

Welltower (NYSE: WELL) has released the results of a study conducted for the health care real estate investment trust (REIT) by Johns Hopkins Medicine (JHM) that may eventually establish best operating practices in assisted living and memory care communities across the country. The National Assisted Living Quality report is the result of a three-plus-year process […]

Senior Housing And Care Deal Value Drops In Q3

Deals involving health care assets topped 250 transactions for the fifth straight quarter, but deal volume and value both saw double digit year-to-year declines, according to a new report from PricewaterhouseCoopers (NYSE: PWC). Long-term care paced the activity, with 102 deals — 39% of total volume. However, deal value for long-term care transactions was down […]

Assisted Living Care Costs Increase 6.7% In 2018

Spurred by the continuing shortage of skilled labor in senior living, the costs to reside in assisted living in 2018 are nearly double last year’s rate, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). Assisted living costs rose 6.67%, the highest spike among all care segments. AL costs increased […]

LeadingAge Proposes Complete Overhaul of Senior Care Delivery System

It’s time to completely overhaul the current system for delivering health care and long-term services and supports (LTSS) to seniors nationwide, according to LeadingAge. The industry association, which represents more than 6,000 not-for-profit senior care providers, believes that its members in particular are “well positioned to play a central role in [its proposed] new system,” which […]

Mainstreet Health Investments Buys Care Investment Trust for $425M, Announces Name Change

Mainstreet Health Investments (TSX: HLP.U) on Friday announced a plan to acquire Care Investment Trust, LLC for $425 million, giving the Toronto-based real estate investment firm 42 new senior housing and skilled nursing properties across the United States. Care Investment Trust had previously been a subsidiary of Tiptree, Inc. (Nasdaq: TIPT), which will become Mainstreet’s largest […]

Confusion Abounds Amid Florida Generator Rule Appeal

Assisted living communities and skilled nursing facilities (SNFs) in Florida are scratching their heads over whether a controversial emergency generator rule from Gov. Rick Scott is still due to take effect, even after a judge struck it down last week. Scott’s order, issued on Sept. 16, gave SNFs and assisted living communities 60 days to […]

Millennials Beat Baby Boomers in Long-Term Care Planning

Though it’s no surprise many older adults fear the cost of aging and long-term care, it may come as a surprise that some millennials are already preparing for it. Just one in five adults have taken any action toward financing their long term care expenses, according to a new survey from insurer Genworth Financial (NYSE: GNW). […]

Focus on 5 Senses Drives Better Senior Living Design, Operations 

Though many older adults experience some kind of sensory impairment as they age, the problem doesn’t stop with vision and hearing. Taste, smell and touch can also dull as people age, but not every senior living community takes that into account. With that in mind, providers could do much more to help design “sense-sensitive” environments for […]

Long-Term Care Megadeals Boost Health Industry M&A

The U.S. health services industry saw an “unusually high number of megadeals” in the second quarter of 2017—some of which took place in the long-term care sub-sector, according to data published by audit, assurance, tax and consulting firm Pricewaterhouse Coopers (PwC). Overall, 219 deals occurred throughout the health services industry in the second quarter, totaling to […]

These are the Best, Worst States for Long-Term Care

Washington is the No. 1 state in the nation for long-term services and supports (LTSS), while Indiana lies at the bottom of the list. That’s according to a new “State Scorecard” report from AARP, the SCAN Foundation and Commonwealth Fund, which examined the factors that determine long-term care for seniors and people with disabilities. AARP released […]