While the “Big Three” of real estate investment trusts active in the senior housing landscape tends to grab headlines with big deals, smaller and newer REITs to the space are seeking senior housing acquisitions at a solid pace on the horizon—albeit on a smaller scale. For some, it may mean acquisition targets are portfolios of… Read More »
Growing up in what she describes as a “very traditional Italian family,” Stephanie Handelson, Benchmark Senior Living’s president and chief operating officer, says she learned early on that girls can do whatever boys can. As the only daughter with four brothers, Handelson says her father always encouraged her to “be all [she] could be.” Handelson’s… Read More »
The rising cost of long-term care (LTC) is causing a “sticker shock” for many older Americans at risk of not being able to afford services in their old age, reports The New York Times. In the last year, the average annual costs increased for assisted living (4.45%), nursing homes (3.60%) and even adult day care… Read More »
How does your community measure up? Seniorhomes.com has launched a first-of-its-kind numerical rating system for senior living communities. SeniorHomes.com will be assigning ratings based on a 10-point scale to senior living communities in the top 50 markets across the nation. The top rated communities in each of these markets will then be recognized in the “Best Senior… Read More »
The healthcare reform initiatives sweeping the nation are sure to have an impact on the senior living industry, and they won’t all be positive, lobbyists say. Although President Obama’s Affordable Care Act (ACA) was scored by the Congressional Budget Office as achieving cost savings of $100 billion, the bill is expected to cost trillions more… Read More »
Consolidation in the senior housing sector remains the name of the game going forward in 2013 as the overall industry moves toward efficiency, according to a recent Seniors Housing Research Report, but construction levels are picking up as well. Small operators with only a couple assets that need significant technology upgrades may find the current… Read More »
A growing national support for gay rights and an increasing willingness from banks to offer construction loans have given rise to more LGBT friendly senior housing projects in some of the nation’s largest cities. Projects catering to lesbian, gay, bisexual and transgender seniors have already started sprouting up in Los Angeles, Philadelphia and Chicago, according… Read More »
Construction: Planned Texas Developers Plan Fort Worth Senior Living Community Dallas-based HealthCap Partners LLC and Fort Worth-based Hillwood Properties plan to develop a senior living community in Alliance Town Center in Fort Worth, Dallas Business Journal reports. The initial phase of construction would consist of 60-units of the senior living community, 40 of which would… Read More »
Brookdale Senior Living (NYSE: BKD) has agreed to acquire seven senior living communities from Ontario, Canada-based Chartwell Retirement Residences for a total purchase price of $80.9 million, the company announced today. The communities comprise a total of 613 units including 80 independent living, 493 assisted living and 40 Alzheimer’s units. Brookdale has been managing six… Read More »
Senior Care Tech Innovation Shines at TedMed 2013
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
Will Google’s Robo-Cars Drive Senior Independence?
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
“Digital Pills” Could Help Senior Care With More Than Just Meds
The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered.… Read More »
On the Record: Tana Gall, Partner & President of Leisure Care
Tana Gall, president of Seattle-based retirement community management company Leisure Care, made the leap into the senior living industry almost 19 years ago after being lured away from a job in advertising and marketing. Since then, she has used her extensive knowledge of her own company and the industry as a whole as she leads Leisure… Read More »
On the Record: Scott Brinker, EVP of Investments at Health Care REIT
One of 2012′s biggest senior living deals, the $845 million acquisition of Sunrise Senior Living by Health Care REIT, Inc. (NYSE:HCN) in a transaction that spun off the company’s management team and gave Sunrise investors $14.50 per share, was completed two weeks ago but continues to grow as joint venture interests are bought out. The… Read More »
On the Record: Alan Rosenbloom, President of The Alliance for Quality Nursing Home Care
The nursing home industry hasn’t exactly had the easiest of paths for the past fifteen or so years, especially after Congress’s Balanced Budget Act of 1997 attempted to restructure the Medicare reimbursement system and ended up cutting about $16 billion from the program, instead of the originally intended reduction of about $9-10 million. Alan G. Rosenbloom,… Read More »
