ACTS Retirement-Life Communities Inc., (ACTS) and the Peninsula United Methodist Homes, Inc. (PUMH) and Heron Point of Chestertown (Heron Point), recently announced the signing of agreements in which PUMH and Heron Point have agreed to become affiliates of ACTS effective May 1.  ACTS is the nation’s largest not-for-profit owner, operator and developer of CCRCs. Through [...]

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Assisted Living Concepts, Inc. (“ALC”) (NYSE:ALC) saw fourth quarter net income of $4.3 million, a 43% increase over same period results in 2008.  Revenues in the fourth quarter of 2009 increased from the fourth quarter of 2008 primarily due to higher average daily revenue as a result of rate increases ($2.7 million), partially offset by [...]

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An article from the Baltimore Sun, “Erickson Retirement founder to step down as chairman” is reporting that John Erickson, the founder of Erickson Retirement communities, plans to step down as chairman of the company later this year.  The article provides some high level information regarding the changes to the company’s executive leadership team as part [...]

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Our friends at the Illinois Governor’s (the current governor, not Apprentice Blagojevich) office sent over the the final report of the Nursing Home Safety Task Force was presented to Governor Pat Quinn last week.  It details recommendations to ensure the safety of nursing home residents and build a better system of treatment for people in [...]

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Edgewood Management Group, LLC. (EMG) a Midwest operator of assisted living communities recently announced that it has entered into an agreement with Investors Real Estate Trust ("IRET"), an equity real estate investment trust located in Minot, North Dakota, to manage five assisted living communities in Wyoming. EMG and IRET will also be announcing expansion plans [...]

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Five Star Quality Care, Inc. (NYSE Amex: FVE) announced its financial results for the quarter and year ended December 31, 2009 last week that showed increases in revenues and net income for both fourth quarter 2009 and full year 2009.  Total revenues for the year ended December 31, 2009 increased 8.5% to $1.2 billion from [...]

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Vigilan, provider of software for senior living, recently announced 10 new continuing education courses for assisted living community administrators for licensing requirements in 16 states.  The curriculum includes courses on managing client and residential services, human resources, leadership and governance, physical environment, and finances.  Available through Provider Management Educations Services, the courses are approved by [...]

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Ecumen announced last week that it is expanding in the Twin cities with the ground breaking of its second senior housing community in Apple Valley and that it will manage The Seasons at Maplewood.  The $27 million Apple Valley community is anticipated to open in early 2011 and the 220,500 square foot community will have [...]

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Presbyterian Homes & Services’ future senior living development in Eden Prairie, has received a grant for $848,300 from Livable Communities of the Metropolitan Council of Minnesota. The grant is for design and engineering, street realignment and storm water management improvements. The 21-acre mixed-use residential, commercial and retail development includes 372 units that will offer a [...]

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Kandu Capital, LLC, along with its operating company, Bloomfield Senior Living, recently announced the acquisition of a new senior living community in Ohio on January 15, 2010. This is Kandu’s second transaction in 2010 as it continues to expand its portfolio of independent and assisted living, memory care, skilled nursing and mental health facilities throughout [...]

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Brookdale Senior Living is seeking to crown new chefs and provide new experiences through its Ultimate Chef America competitions and the 2010 Celebrations program, Amazing Places of America. The 2010 Celebrations program is a year long life enrichment and dining program opportunity designed exclusively for its residents and communities offers a variety of themed experiences, [...]

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Pacific Retirement Services, Inc. (PRS), the parent company of Capitol Lakes® in Madison, Wisconsin, and Rogue Valley Manor in Medford, Oregon, announced that it has assumed management of of Middleton Glen, an Independent Living retirement community located in Middleton, Wisconsin effective December 1, 2009.  Middleton Glen has two phases to its development: Middleton Glen, Inc., [...]

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