Category: Long Term Care

PBS Column: Why America’s Elder Care System is All Wrong

The elder care system in America is valuing risk aversion to resident care, writes PBS media partner Next Avenue in a recent column. The article is part of Twin Cities Public Television Next Avenue’s year-long project about aging well, planning for the changes aging brings and shaping how society thinks about aging. “America’s elder care system… Read More »

Annual Caregiving Costs Still Cheaper than Assisted Living

Caring for a family member requires a substantial allocation of time and energy, and for nearly half of families providing care for a loved one, their savings feel the brunt of the impact, according to a new report from Caring.com. About 46% of family caregivers spend more than $5,000 per year on caregiving expenses, as… Read More »

In the Pipeline: Senior Housing Construction Projects (9/18/14)

Construction: Planned Ohio Senior Living Community Plans $20 Million Expansion Otterbein Senior LIfestyle Choices is planning a $20 million expansion to add more housing to its continuing care retirement community (CCRC) campus in Lebanon, Ohio, reports Dayton Business Journal. The project will create 83 independent living units across 20 new buildings, among them will be 17… Read More »

Affordable Senior Housing Is the Next Big Growth Opportunity

Senior housing operators will be forced to address the growing need of low- to moderate-income seniors in the coming years, as an estimated 3.5 million seniors today don’t have enough money to pay for higher acuity services. The high-end senior living facilities that have emerged within the past few years just won’t cut it when… Read More »

Managed Care, Long-Term Care Hottest Deal Targets in Health Sector

The appetite for mergers and acquisitions in the health services sector is healthy, as the volume of deals in the first two quarters of the year are on pace with that of the first half of 2013, a PricewaterhouseCoopers LLP (PwC) report suggests.  But some sectors are faring better than others: The managed care and… Read More »

Harvard, AARP Say Seniors Housing is Next Big American Crisis

A shortage of caregivers for baby boomers, high cost of senior living products and services and lack of disability-equipped housing reveal a seniors housing crisis as the 50-and-over population is projected to increase about 20% by 2030, according to a new report released Tuesday by the Harvard Joint Center for Housing Studies and the AARP Foundation.… Read More »

Maine Rallies for Totally New Approach to Senior Care

Maine seniors, along with affordable housing, home care, general contractors and other aging services stakeholders are rallying around a comprehensive package of proposals that aim to strengthen the state’s aging in place resources that go beyond traditional assisted living and nursing homes.  Mark Eves (D-North Berwick), speaker of Maine’s House of Representatives, last week unveiled… Read More »

Senior Housing Investments & Acquisitions: Diversicare, LCB Senior Living, HCN

Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected… Read More »

CMS Oversight Creates ‘Unnecessary Burden’ for Providers

A government watchdog agency is calling for more oversight from the Centers for Medicare & Medicaid Services (CMS), which may “create an unnecessary burden” on some senior housing providers, a report finds.  The U.S. Government Accountability Office (GAO) found that CMS has not been effectively tracking postpayment Medicare claims to ensure the same claim isn’t… Read More »

Bloomberg: Senior Care Founder Reaches Billionaire Status

An aging population, a decades-worth of revenue growth and an extensive post-acute network has ushered the founder of one nursing home operator into billionaire status, reports Bloomberg. All of these elements have been a boon to Life Care Centers of America, Inc., a company that manages more than 200 facilities with 31, 255 beds in… Read More »

Senior Living Providers Devise New Strategies to Tackle ACOs

In an ever-evolving healthcare landscape that demands higher care quality at lower costs, several senior living providers are engineering various strategies to establish themselves as partners in Accountable Care Organizations (ACOs). Diversified service offerings across the post-acute care continuum, or building near existing hospitals and health systems are just a few practices senior living providers… Read More »