Emeritus Corporation (NYSE: ESC) announced this week that they have entered into a non-binding letter of intent to lease 26 senior living communities from HCP as part of the Sunrise / HCP restructure and settlement agreement.  Emeritus will lease the facilities for an initial term of 15 years with two available extension options of 10 [...]

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COLLAGE, a consortium of aging service organizations, is sponsoring a symposium, Integrating Data and Technology to Advance Healthy Aging — Implications for Aging Service Organizations.  The symposium is scheduled for September 27 and 28 in Chapel Hill, North Carolina and will examine what opportunities exist by participating in COLLAGE and using research data to provide [...]

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AmeriCare, a home-based caregiving franchisor, recently announced their approval and addition to the U.S. Small Business Administration (SBA) Franchise Registry.  The Franchise Registry is a compilation of franchise systems whose franchise agreements have been reviewed by the SBA, thereby shortening the loan process for franchise investors and ensuring a consistent eligibility decision for loans.  AmeriCare, [...]

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GE Capital, Healthcare Financial Services announced last month that it is providing Guardian Healthcare, a Medicare-certified provider of professional home healthcare services, financing for $90 million in senior secured credit facilities for a significant acquisition and to refinance existing indebtedness.  The remaining proceeds will be used for growth capital and general corporate purposes.

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A few weeks back, we reported on a story about Hyatt Classic Residence’s (n/k/a Vi) dispute with the IRS over the treatment of CCRC fees.  According to a report from TaxAnalysts.com, it seems that the IRS is backing down from its original position.  Based upon the ruling, the IRS is stating that its treatment was [...]

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Some of the executives at Sunrise Senior Living are getting bonuses early for their efforts in 2010.  Sunrise has been working on a restructuring plan for the past 24 months that included a recently announced sale of 8 of its German senior living communities.  Last week, Sunrise announced in a SEC filing that the compensation [...]

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Classic Residence by Hyatt, a national developer, owner and manager of quality senior living communities, unveiled its new company brand name, Vi (pronounced VEE). Classic Residence by Hyatt’s continuing care retirement communities (CCRCs) will be branded as Vi, while rental communities will change their names to Classic Residence, a Vi Community. The name change will [...]

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Sunrise Senior Living, Inc. (NYSE: SRZ) announced Thursday that is has entered into a purchase and sale agreement with GHS Pflegeresidenzen Grundstucks GmbH and Prudential Real Estate Investors (operating on behalf of investors in a fund managed by its Munich-based business, TMW Pramerica Property Investment GmbH) to sell eight of the Company’s nine German assisted [...]

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Classic Residence by Hyatt, a national retirement community operator, is fighting Internal Revenue Service allegations that it underpaid taxes according to an article in Thursday’s Wall Street Journal.  The disagreement is over handling of the upfront fees Classic charges its new residents.  The WSJ article states that the fees are interest free loans vs. the [...]

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Vigilan, provider of software for senior living, announced last week that its Care Suite software for assisted living, independent living and dementia care communities is now compatible with the new Apple iPad(TM).  Vigilan’s CARE suite includes a complete technology package to manage resident care, communication, staffing, marketing, medication management, billing, training and education tracking, and [...]

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By Patricia Conlon, Banyan Place Senior Community What’s the best way to make the transition smooth for moving out of a senior living residence? Almost everyone has received news that a resident is moving out for many circumstances such as declining health, family relocation, inability to pay and other personal reasons. But as the competition [...]

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Sunrise Senior Living (NYSE: SRZ) recently announced that it has become an Authorized Validation Organization with the Validation Training Institute, a not-for-profit organization offering training and certification in the Validation Method used to care for individuals with Alzheimer’s disease and other forms of dementia.  Sunrise plans to rollout the program to its 360 communities in [...]

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