Category: Senior Care

Most Shared This Week: Sunrise Growth Plans, Apple’s New EHR

Senior Housing News wrote them, you read them and passed them along to your friends and colleagues. Here are the most shared posts from SHN this week: Dished: How Five Star is Overhauling Senior Living Dining—Fifteen chefs, four 50-pound sea bass and a celebrity food personality are just a few features going down at an… Read More »

Acquisition Treadmill Presents Problems for Big 3 REITs

The growth of the Big Three health care REITs is clear, as they have flooded the senior housing space with a slew of recent deals. But this continued rapid growth highlights risks that may force REITs to change their investment strategies, Fitch Ratings suggests. Recently, the REITs have shuffled the industry with billion-dollar transactions focused… Read More »

In the Pipeline: Senior Housing Construction Projects (8/21/14)

Construction: Planned Starling Senior Living to Break Ground on Third Fla. Project Jacksonville, Fla.-based Starling Senior Living is gearing up to break ground on its third senior living community in the state come January, the company told SHN in an email. In July, the company successfully rezoned a five-acre parcel located on Amelia Island, Fla.,… Read More »

Apple Set to Tap Into Senior Care With EHR Tech

As health care reform changes the landscape of senior care for providers, tech giant Apple is looking to tap into the market with an electronic health record (EHR) product that the company hopes will make it easier to track patients’ health data, Reuters reports.   Previously, experts suggested the adoption rate of EHR technology could see… Read More »

Movers & Shakers — People and Positions for August, Part III

Presbyterian Communities and Services Appoints Director of Nursing Dallas, Texas-based Presbyterian Communities and Services, a faith-based nonprofit comprised of continuing care retirement communities (CCRCs) and hospice services, has named Toni Walker as director of nursing for Presbyterian Village North. As director of nursing, Walker will be responsible for conducting remote and on-site clinical quality assurance… Read More »

Genesis, Skilled Healthcare Merger to Create 500-Property SNF Powerhouse

Genesis HealthCare announced today it has signed a definitive agreement to merge with Skilled Healthcare Group, Inc. (NYSE: SKH) in a 100% stock transaction. Once the transaction is complete, the new company will operate under the Genesis HealthCare name and will be traded on the NYSE. The combined entity will operate a total of 449… Read More »

Home Care Providers Use Hybrid, Pay-Per-Visit Staffing Models to Save Cost

As some senior living and home health care providers address shrinking profit margins due fluctuating supply and demand, some companies say innovative employee pay models have contributed to their success. National home care and hospice provider Oxford HealthCare offers a pay-per-visit model for its health care staff, said Oxford HealthCare President Karen Thomas during the recent… Read More »

Senior Housing Investments & Acquisitions: Diversicare, LCB Senior Living, HCN

Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected… Read More »

Private Equity Group Taps EB-5 to Fund $750 Million Assisted Living Pipeline

A California-based private equity firm is moving forward with plans to develop $750 million worth of new senior housing construction over the next three years, for which it’s enlisting foreign investors to help fund a portion of the pipeline. Over the next 36 months, PDC Capital Group, a firm based in Costa Mesa, Calif., will… Read More »

HCN, Sunrise Expand UK Partnership, Launch Development Pipeline

Health Care REIT (NYSE: HCN) announced Thursday has completed an 11-property senior housing portfolio acquisition in Southern England from Gracewell Healthcare for £153 million (USD$257 million) in cash. Separately, Sunrise Senior Living, in which HCN owns a 24% interest, has acquired Gracewell’s management company and will manage the portfolio. The companies are also partnering on… Read More »

Exotic Animals Bring Farm Home to Senior Living Residents

While the incorporation of dogs and cats in senior living as part of pet therapy programming is not new, one community is taking it to the next level by also housing a variety of barnyard animals who live year-round on its 43-acre campus. Not only are the animals helping residents at Life Care Center of Nashoba Valley —… Read More »