Category: Senior Care

Long Island CCRC Files Chapter 11 to Restructure $220 Million of Bond Debt

The Amsterdam at Harborside, a continuing care retirement community (CCRC) in Port Washington, N.Y., has filed a pre-negotiated chapter 11 bankruptcy petition to restructure an estimated $220 million in debt. Like many CCRCs that opened during the height of the recent recession, the community experienced significant financial stress upon opening due to the impact of… Read More »

E-Sign Tech Helps Senior Housing Navigate Home Health Care Services

Independent living operators are looking more and more like assisted living facilities by partnering with home health care agencies to offer additional care services to their residents. But these providers may face compliance issues if their home health care partner is not up to speed with the Affordable Care Act’s face-to-face encounter requirements. So with… Read More »

Most Popular News of the Week: Old Nursing Home Models Require Face Lift To Compete

In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Developers See Opportunity as Old Nursing Homes Become Obsolete — Shared living spaces and cafeteria-style dining are the nail in the coffin for decades-old post-acute care communities, senior living industry leaders agreed during a recent Senior Housing News Summit in… Read More »

Senior Living Leaders: New Product Must Emerge to Fill Care Gaps

Senior living providers must adapt to increasingly blurred lines between different senior housing products in order to stay competitive and be best positioned for tomorrow’s residents, industry experts agree. “Skilled nursing used to be long-term care — [but] no longer,” said Tom Grape, CEO of Benchmark Senior Living during the LINK LTC & Senior Living… Read More »

Multi-Billion Dollar Bidding War for Home Health Giant Escalates

What began as an $1.6 billion proposal to acquire home health competitor Gentiva Health Services, Inc. (NYSE:GTIV) has escalated into an all out bidding war between Kindred Healthcare, Inc. (NYSE:KND) and an unnamed mystery bidder. Kindred has unsuccessfully been able to woo Gentiva into accepting any of its purchase proposals since its initial offer in… Read More »

New Tech Partnership Helps Senior Housing Offer At-Home Care

A growing number of seniors are looking to age in place and receive services at home, which will require senior housing providers to offer expanded services. Partnerships between senior care technology developers will help providers offer these at-home services by creating integrated tech solutions. Two companies who have recently done so are AOD Software and… Read More »

AdCare Exits Senior Housing Operations, Moves Properties to Holding Company

AdCare Health Systems, Inc. (NYSE MKT: ADK) Wednesday announced it has put a strategic plan in place to transition the company to a healthcare property holding and leasing company. Through a series of leasing transactions, the operations of AdCare’s owned and operated facilities, which count more than 30 nationwide and are principally skilled nursing facilities,… Read More »

Top Providers Reveal New Ways to Recruit Senior Living Talent

In an industry that is rapidly evolving and expanding, leading senior housing providers are looking outside traditional avenues of recruitment to obtain the greatest and brightest candidates to fill key activity program and management roles. “There is a weakness in our industry of organizations growing from within only,” says Cindy Smith, corporate vice president of human… Read More »

CNL Healthcare Completes 9-Property Senior Living Portfolio Expansion for $225 Million

CNL Healthcare Properties announced today it has acquired seven senior housing communities in Texas and one in Illinois from developer South Bay Partners, Ltd., for $187.2 million. It is also expanding through a ninth community that will be developed through a joint venture between CNL and South Bay Partners.  CNL Healthcare, an Orlando-based non-traded real… Read More »

Senior Living Faces Danger in Lack of Resident Background Checks

Senior living operators are behind the curve on several important standard procedures that have long been deemed the norm in the housing industry, experts say. The growing senior housing space, which many say is still in its infancy relative to other property types, has a lot left to learn from other housing players, including the… Read More »

Aegis Living Appoints Judy Meleliat as New Company President

Aegis Living has appointed its former Chief Marketing Officer Judy Meleliat to serve as the company’s new president, joining a handful of women C-suite leaders among the largest assisted living providers in the nation. Aegis, which ranked No. 51 of the nation’s largest senior living providers in 2014 by the Assisted Living Federation of America,… Read More »