The Assisted Living Federation of America (ALFA) recently announced the winners of its fifth annual Best of the Best Awards, which recognizes forward-thinking companies in or related to the senior living industry for innovative programs and services they’ve implemented. The awards encompass eight categories, listed below with the winner of each: Resident Health & Wellness—Senior [...]
The senior living industry is in the midst of a “perfect” storm—global aging, healthcare reform requirements, threatened entitlement programs, and substantially lowered home values—that requires a culture of innovation in order to thrive, writes Michele Holleran, the founder of research firm Holleran and consultancy firm DeArment Consulting, in a recent white paper. That storm isn’t [...]
A recent NBC News investigation looked into the costly world of “permanent” hospital patients: when hospitals are forced to keep patients for months—even years—because the patients have nowhere else to go. All of this happens at enormous costs to hospitals, costs that usually can’t be recouped because the patients have no way of paying for [...]
Brookdale Senior Living is repositioning many of its units to meet current demand metrics, and it’s trending toward higher acuity, according to the senior living operator’s first quarter earnings call. “The product that is coming into the investment profile tends to be a higher acuity product. There’s a fair concentration there of adding assisted living where [...]
One of the most common and longstanding—but also preventable—practices causing serious harm to nursing home residents is overusing antipsychotic drugs, according to testimony during a Senate Aging Committee hearing last week, reports Forbes. It’s common for these drugs to be used “off-label”—meaning, not as they were intended to be used—and this can both harm patients [...]
This roundup links to several tech-related articles, as multiple news outlets are reporting on the latest technological developments and advances, including how Health Care Reform could impact electronic health record implementation, how consumer community sites are 24 times more likely to adopt social media tools than health organizations, and the battle between the FDA and [...]
Healthcare real estate investment trust National Health Investors, Inc. (NYSE:NHI) announced on Tuesday it has exercised an option to purchase and lease a new, stabilized skilled nursing facility located in Texas for a purchase price of $13.4 million. The facility opened at the end of 2010 with 125 beds and is operated by affiliates of [...]
Pharmaceutical company Omnicare, Inc. (NYSE:OCR), the nation’s largest pharmacy for long-term care facilities, must pay the U.S. government $50 million in a settlement over complaints it dispensed painkillers to nursing homes and other senior care facilities across the country without proper prescriptions or authorization. The Covington, Ky.-based company’s settlement with the Department of Justice is [...]
As assisted living regulations evolve and tighten, Medicare and Medicaid reimbursements fluctuate, and healthcare reform begins to take effect, many states are facing their own challenges as they continue to develop, operate, and implement new rules and programs. Here is a collection of long-term care related stories from across the nation that are worth reading. [...]
On the Record: Steven Insoft, CFO & COO of Aviv REIT
While publicly traded healthcare real estate investment trusts (REITs) like HCP, Inc., Ventas, Inc., and Health Care REIT Inc. grab a lot of headlines, privately traded ones like Aviv REIT often seem to fly under the radar. But as Senior Housing News recently discovered after speaking with Aviv’s Steven Insoft, who holds dual roles of [...]
On the Record: Majd Alwan, Executive Director of LeadingAge CAST
With technological advancements tied so closely to the future of senior care, Senior Housing News recently interviewed Majd Alwan, Ph.D., the Senior Vice President of Technology and Executive Director of the Center for Aging Services Technologies (CAST) at LeadingAge, an association of not-for-profit, long-term care providers of senior services. At any given time, CAST is [...]
On the Record: Keith Reuben, EVP of Commercial & Specialty Lending at Capital One Bank
In the past 30 years, Capital One has transformed itself from “just” a credit card company into one of the U.S.’s top banks. And as part of its lending arm, Capital One Bank says it has a significant focus on its commercial and specialty finance business, which encompasses senior housing and care lending. Last Fall, [...]
On the Record: Adam Kane, SVP of Corporate Affairs at Erickson Living
In 2009, the company known as Erickson Retirement Communities, headquartered in Baltimore, Md., filed for Chapter 11 bankruptcy protection. In December of that year, Hanover, Md.-based Redwood Capital Investments LLC bought most of the bankrupt company’s assets for $365 million, out of which emerged Erickson Living. Senior Housing News recently caught up with Adam Kane, [...]
On the Record: David Reis, CEO of Senior Care Development
After seeing that Senior Care Development, LLC had placed a stalking-horse bid on the bankrupt Clare at Water Tower, in Chicago’s Gold Coast, Senior Housing News tracked down its chief executive officer David Reis for an exclusive interview. Reis has extensive experience in senior living development, and specializes in ground-up development of large-scale continuing care [...]
