Edgewood Retirement Community recently announced its new Cognitive Impairment Program called The Garden Path. The new program, beginning in January 2010 and accepting resident inquires now, is part of The Meadows at Edgewood, a skilled nursing center which already features short-term rehabilitation services (which Edgewood will be further enhancing in Spring 2010) as well as […]
Category: Long Term Care
The MetLife Mature Institute (MMI) recently released a new survey that shows that most Americans know what long-term care is and how much it costs, but their scores fall short regarding how many people will need it and how they will pay for it. The MetLife Long-Term Care IQ Survey, taken by 1,021 individuals aged […]
The latest research from the Mature Market Institute by MetLife shows that deflationary measures and lower prices did not apply to long-term care service providers during the last 12 months. According to the 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs, private room nursing home rates rose […]
Senior Living Investment Brokerage, Inc. recently announced the completion of the sale of a long-term care facility located in the eastern portion of Dallas, Texas. The facility, originally developed in 1960 and recently renovated, consists of approximately 206,000 square feet and sits on 22 acres. The facility has 264 skilled nursing beds and 39 independent […]
Skilled Healthcare Group, Inc. (NYSE: SKH) announced the completion of its special investigation relating to the understatements of its accounts receivable reserves in its financial statements for the periods January 1, 2006 through March 31, 2009. Skilled Healthcare has completed the restatement of its consolidated financial statements for the three years ended December 31, 2008 […]
As the economy in California struggles and the state government working with limited funds, Governor Schwarzenegger is facing some challenges to make ends meet and one area that is on the chopping block is the state’s senior housing programs. The governor’s cuts include proposals to shut down the state’s adult day care centers that provide […]
Nationwide Health Properties, Inc.(NHP) reported results last week that showed an increase in revenues of 14% and an increase in diluted funds from operations (FFO) compared to first quarter of 2008. During the quarter NHP sold three buildings in the first quarter for approximately $35.0 million in gross proceeds and invested $8.0 million in revenue […]
Ecumen, a senior housing and long-term care consultant, last week released a new whitepaper designed to ensure registered nurses (RNs) working in senior housing communities effectively prepare for leadership roles by learning how to delegate tasks in line with state law and patient safety. Tips for Effective Delegation in Long Term Care is currently available […]
Skilled Healthcare Group reported net income of $10.9 million, or $0.29 per diluted share, as compared to net income of $8.4 million, or $0.23 per diluted share, in the first quarter of 2008 last week. The company reported revenues during the first quarter of 2009 for a total of $189.5 million, an increase of 4.8% […]
Last week, leading industry players met at the national ALFA conference and expressed overall optimism and in the state of the industry and optimism about future prospects at its annual conference in Philadelphia. The tone of the conference and the speakers show that while the recession is providing challenges, they feel that they are weathering […]
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