Category: Senior Care

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 »

Formation Capital, Safanad Acquire 14 SNFs for $150 Million

Two heavy-hitting investment firms are expanding their footprint in the post-acute care sector through the acquisition of 14 skilled nursing facilities in the mid-Atlantic for about $150 million in total. The deal reflects a multi-year strategic partnership between healthcare-focused private investment firm Formation Capital and global principal investment firm Safanad. The portfolio includes 1,658 beds with 11 facilities… Read More »

Providers Prepare For Huge Wave of Memory Care Competition

Memory care is quickly risen what some are calling the “flavor of the year,” when it comes to new senior housing construction across the nation. While other property types have ticked up and down over the last eight years, during and following the housing crisis, memory care construction has slowly and gradually increased over time,… Read More »

LTC Insurance Group Seeks Assisted Living Partner for Advocacy Campaign

A national advocacy organization is looking to partner with an assisted living provider to raise awareness for the importance of planning for long-term care services. The American Association for Long-Term Care Insurance is currently seeking an national assisted living organization interested in creating heightened awareness for the use of long-term care insurance to pay for the… Read More »