Category: Senior Care

Brookdale, Emeritus One Step Closer to Closing Merger Deal

Brookdale Senior Living (NYSE: BKD) and Emeritus Corp. (NYSE: ESC) are one step closer to closing the merger that will make them the largest senior living provider in the nation. The companies announced Thursday that the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, allowing the merger to move forward… Read More »

April 17, 2014 | 0 Comments More

Home-Like Senior Living Option Gains Appeal as Community Alternative

If a rising trend in Kansas is any indication, there may soon be many more small, home-like options competing with large, traditional senior living communities.  In Shawnee County, Kansas, local provider Oakley Place has opened two new “home plus” facilities in the past year to serve seniors in home-like settings with 12 residents and a… Read More »

April 16, 2014 | 0 Comments More
Senior Housing Rate Projected to Double, Driven By Urban Development

Senior Housing Rate Projected to Double, Driven By Urban Development

Senior housing could be in for a big surge—as much as double the current penetration rate—as baby boomers continue to sell their homes and move toward more amenities in urban centers across the country. Many are seeing their retirements unfold in those urban centers and are seeking new and modern housing options rather than independent… Read More »

April 15, 2014 | 0 Comments More

Free Webinar: Finance Your Non-Profit Senior Housing Acquisition

When a for-profit seniors housing owner/operator decides to acquire a nonprofit senior living facility, how does it successfully get from the offer to the closing table? Sign up to learn how. Brought to you by Lancaster Pollard and Senior Housing News, this FREE webinar, How to Successfully Finance the Acquisition of a Nonprofit Community will provide… Read More »

April 15, 2014 | 0 Comments More

Brookdale Now Wireless Portfolio-Wide, Emeritus Up Next Post-Merger

Brookdale Senior Living (NYSE:BKD) has gone wireless in its Internet capabilities for residents, staff and guests across its portfolio with plans to expand into Emeritus properties post-merger, according to InformationWeek HealthCare. Everything from ordering meals and hair appointments to monitoring physical therapy and electronic health records (EHRs) will be available online to those living and working under… Read More »

April 14, 2014 | 0 Comments More

Senior Housing Q1 Occupancy Nudges Upward as Construction Slows

Overall occupancy for all senior housing property types ticked slightly upward during the first quarter of 2014 as new construction slowed, according to recent data from the National Investment Center for the Seniors Housing & Care Industry (NIC). The average occupancy rate for senior housing properties in the first quarter was 89.8%, an increase of… Read More »

April 13, 2014 | 1 Comment More
10 Questions For: Shamim Wu, Holiday Retirement

10 Questions For: Shamim Wu, Holiday Retirement

From shifting perceptions and terms in senior living to advancing a relatively “young,” business, Holiday Retirement’s Shamim Wu is no stranger to innovation. As executive vice president of sales for Holiday, one of the nation’s largest senior living providers, Wu says the industry has come a long way, and there’s still room to improve. From… Read More »

April 13, 2014 | 0 Comments More

Developer and Hedge Fund Form Independent “Light” Joint Venture

A New York-based senior housing developer sees huge value in developing independent living “light” residences, and is teaming with a New York City hedge fund on a massive, national pipeline, reports business trade journal Buffalo Business First. Calamar Enterprises, Inc., headquartered in Wheatfield, has entered into a joint venture with Mount Kellett Capital Management LP,… Read More »

April 10, 2014 | 0 Comments More

California Assisted Living Overhaul Moves Closer to Reality

An “overhaul” of assisted living rules in California came closer to reality this week as legislation aimed at senior care reform moved through separate committees Tuesday, according to a report by the San Diego Union-Tribune. The legislation comprises bills known as the RCFE Reform Act of 2014, referring to residential care facilities it intends to… Read More »

April 10, 2014 | 0 Comments More

Senior Living Acquisition Prices Neared Record Highs in 2013

Senior living acquisition prices are nearly back to their pre-recession peaks across property types, with skilled nursing seeing the highest per unit prices paid in 2013—up 21% year over year—according to an annual tally published by Irving Levin Associates. In its 19th year of publication, The 2014 Senior Care Acquisition Report notes that the average… Read More »

April 9, 2014 | 1 Comment More

N.Y. Nursing Home Gets Sued After Hiring Strippers for Residents

A New York nursing home took resident activities to a whole new level when it hired a male stripper to put on a show, and now it’s getting sued for its entertainment efforts. “The elderly residents of a Long Island nursing home saw their shuffleboards replaced by washboard abs when they were subjected to a… Read More »

April 9, 2014 | 1 Comment More