Category: Long Term Care

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 »

Senior Living Leaders: New Product Must Emerge to Fill Care Gaps

Senior living providers must adapt to increasingly blurred lines between different senior housing products in order to stay competitive and be best positioned for tomorrow’s residents, industry experts agree. “Skilled nursing used to be long-term care — [but] no longer,” said Tom Grape, CEO of Benchmark Senior Living during the LINK LTC & Senior Living… Read More »

LTC Insurance Group Seeks Assisted Living Partner for Advocacy Campaign

A national advocacy organization is looking to partner with an assisted living provider to raise awareness for the importance of planning for long-term care services. The American Association for Long-Term Care Insurance is currently seeking an national assisted living organization interested in creating heightened awareness for the use of long-term care insurance to pay for the… Read More »

Ziegler and LinkAge Partner on Venture Fund with $26 Million Committed

A collaboration between specialty investment bank Ziegler and venture capital firm LinkAge Ventures aims to drive innovation within the non-profit senior living sector through the creation of a new fund focused exclusively on the aging marketplace. Founded on the belief that the nation’s increasing aging population presents an attractive investment opportunity, especially given its growth… Read More »

Senior Housing Investments & Acquisitions: Aviv REIT, Capital Senior Living, Legacy Healthcare

Capitol Seniors Housing Buys 97-Unit California Property Real estate services firm Cushman & Wakefield recently announced the sale of Fremont Hills, a 97-unit Class A assisted living and memory care community in Fremont, Calif. Capitol Seniors Housing purchased the property for an undisclosed amount and MBK Senior Living will manage it. Cushman & Wakefield arranged… Read More »

Lawmakers Push for Standardized Post-Acute Data Collection

Legislators are looking to standardize post-acute care assessments and payments with a new bill that would make it easier for policymakers and providers to see whether one care setting is more appropriate for a patient than another.  After releasing a draft in March, the House Ways and Means and Senate Finance committees have introduced the… Read More »

Cluster-Model, Open Spaces Top List for Memory Care Design

Reimagining landscape and living spaces are crucial when designing dementia care facilities to not only meet residents’ needs, but better serve their emotional and socialization behaviors as well, a new report by a leading architecture firm and Alzheimer’s Foundation of America (AFA) finds. Perkins Eastman Research Collaborative and AFA teamed up to examine best design practices and… Read More »