HCP (NYSE:HCP) announced today that it has filed complaints Sunrise Senior Living, Inc. (NYSE:SRZ) and its subsidiaries (“Sunrise”) based on Sunrise’s defaults under management and related agreements covering 64 HCP-owned properties operated by Sunrise. The complaints, filed in the Delaware Chancery Court on June 29, 2009, allege, among other things, that Sunrise systematically breached […]

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New Sheriff in town at Brookdale?  Not really, the old Sheriff (W.E. Sheriff) had his employment agreement amendend last week as Brookdale Senior Living announced an extension and modification.  The agreement calls for Sheriff to serve as Brookdale’s Chief Executive Officer for the next 5 years.  Mr. Sheriff will continue to be employed as Chief […]

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Last month the Colorado Association of Homes and Services for the Aging named nine winners for the association’s fifth annual Quality First Awards. Quality First is a voluntary program that senior living communities nationwide are undertaking to build excellence in aging services. CAHSA, a leading organization in Colorado for senior housing and care, has […]

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HCP (NYSE:HCP) announced that the management agreements on 15 communities operated by Sunrise Senior Living (NYSE:SRZ), Inc. or its subsidiaries (“Sunrise”) have been terminated effective October 1, 2009, for Sunrise’s failure to achieve certain performance thresholds.  HCP expects to transition these facilities to new operators during the second half of 2009, reducing the Sunrise-managed […]

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Sunrise Senior Living Inc. (“Sunrise”) (NYSE:SRZ) released an 8-K on Thursday that stated it and and its wholly owned subsidiary, Trinity (collectively, the “Sunrise Parties”) had entered entered into a Settlement Agreement (the “Agreement”) with the former majority stockholders of Trinity Hospice, Inc. (“Trinity”) (collectively, the “Selling Parties”), which, among other matters, provides for the […]

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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 […]

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Frustrated with your information technology (IT) department?  Most likely the answer is yes but what if your job was running the IT department for Erickson Retirement Communities which includes 23 communities in 12 states serving over 21,000 seniors and the support staff associated with the entire company?  If you’re interested in learning about the technology […]

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Emeritus Senior Living was awarded the Assisted Living Federation of America’s (ALFA) honorable 2009 “Best of the Best” award for the company’s efforts in sales and marketing based upon the launch of its brand identity campaign.  The award recognized the company’s focus on human resources and marketing that tied together the company’s culture and allowed […]

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Brookdale Senior Living (the Company) disclosed earlier this week in conjunction with its secondary public offering that the company entered into the First Amendment to the Second Amended and Restated Credit Agreement (the “First Amendment”), where the maximum revolving loans that can be outstanding at any time under the Second Amended and Restated Credit Agreement […]

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Sales Simplicity Software (SSS), a software company specializing in sales automation, CRM and marketing for a broad range of industries, recently announced that it is now offering its solution tailored for the Assisted Living sector.  The SSS solution offers automation, CRM, marketing and a powerful suite of lead management tools that will offer Assisted Living […]

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Cambridge Realty Capital Companies recently announced that it completed its first refinance using HUD’s new Lean funding process for the 83-bed (58 skilled and 25 personal care beds) Beaver Dam Nursing & Rehab Center in Beaver Dam, Kentucky.  Cambridge Chairman Jeffrey A. Davis said a $4.2 million FHA-insured loan was arranged for the owner and […]

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Brookdale Senior Living released its earnings lat week that showed increases in revenues and funds from operations yet posted a $13.6 million dollar loss in the quarter.  The increase in expenses that attributed to the loss were $318.1 million, an increase of $13.1 million, or 4.3%, from the first quarter of 2008. The increase was […]

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