The number of home health mergers and acquisitions dipped to start 2015, but valuations are up and more types of buyers are vying for deals than in recent years — including senior living and long-term care players. “In the last three years, we’ve seen the long-term care companies come in,” says Mark Kulik, managing director at The […]
Development of high-end senior living products and services may be increasing, but data shows four in 10 wealthy individuals still aren’t prepared for the costs of long-term care. In the event that long-term care is ever needed, nearly one-quarter (23%) of the cohort expects to live in a luxury assisted living facility, according to the […]
Omnicare Inc. (NYSE: OCR), the nation’s largest long-term care pharmacy provider, will be acquired by CVS Health Corp., Bloomberg News first reported Wednesday. The deal was confirmed early Thursday and will net an enterprise value for Omnicare of $12.7 billion, including $2.3 billion in debt. Omnicare has 13,000 employees at 160 locations in 47 states across the […]
As senior living organizations nationwide look to reinvent the traditional “nursing home” model, those in two states will have very different opportunities to do so in the coming years. On one hand, a proposed bill in Indiana is seeking to ban construction of new nursing homes for three years, which industry participants say will stifle […]
Long-term care insurance may actually be a lot less needed than past research suggests. That’s because while nursing home stays are frequent among the aging population, they’re relatively short, compared to other forms of long-term living. Such are the findings of a new study from Boston College’s Center for Retirement Research, that delves into the […]
Not all metros are equal when it comes to senior living development. The last 18 months were marked by builder hot spots from Texas, to Arizona and the Twin Cities of St. Paul and Minneapolis in Minnesota. The speculation continues as builders set sights on new areas of development in 2015, including the return of capital […]
The Silver Tsunami is no joke, especially for America’s most rural and underserved regions struggling with limited healthcare professionals and services to help seniors age in place. But for states like Montana, which has counties where nearly 25% of the population is over age 65, the onslaught of the nation’s aging demographic is already causing […]
Long-term care facilities participating in Medicare and Medicaid may soon be required to recognize the rights of same-sex spouses regardless if their state has validated the marriage, according to a recently proposed rule by the Centers for Medicare & Medicaid Services (CMS). “These revisions would promote equality and ensure the recognition of the validity of same-sex […]
Nearly 70% of Americans will need some form of long-term care, but changes in the way care is delivered and the increasing costs to provide it certainly presents some challenges, according to a recent segment of the Today show. Chatting with Today financial editor Jean Chatzky and Carol Levine, author of “Planning Long-term Care for […]
It’s impossible to run away from aging, however, a new study reveals that seniors who regularly run for their exercise can slow their aging process more so than those who prefer walking. That’s because running mitigates the age-related deterioration of “walking economy,” or the metabolic cost to perform an motion, whereas walking for exercise has […]
