Whether a company wants its senior living communities to be reviewed or not, it’s going to happen and they need to be prepared. During the Assisted Living Federation of America’s 2013 Conference and Expo, held in Charlotte, N.C. earlier this week, panelists told attendees the number of reviews posted online are only going to increase. “Social… Read More »
Health Care REIT (NYSE:HCN) is bullish on the upside potential of its senior housing RIDEA portfolio based on its location in primary markets despite occupancy challenges that could accompany above-market rents. The market has been applying a “do no wrong” mentality to HCN’s stock in terms of valuation, which is up about 23% from the… Read More »
From start-ups to larger companies, tech businesses nationwide are seeing opportunity in the senior care space. In this week’s round-up, one company’s video technology helps older adults and residents of senior living communities stay connected with their families, even if they are hundreds of miles apart. Another group’s online exercise program helps seniors maintain their… Read More »
Sales for retirement communities are expected to average a 3.2% growth rate to total $53.9 billion this year, predicts a report from IBISWorld. Higher levels of acuity will drive industry growth, the report states, with memory care being one pillar for companies seeing revenues increase. “An aging population and growing need for dementia care (care… Read More »
The senior care industry can expect increased Medicare fraud scrutiny in the next couple years as the Obama administration seeks to recoup program dollars to help fund health insurance coverage expansion, according to a senior member of a law firm’s Healthcare Practice Group. “[Because of] healthcare reform, President Obama will try to find any Medicare… Read More »
Senior living communities continue to search for ways to help residents unlock assets that allow them to age in place, and Life Credit Company says its product is an untapped asset. Around a third of senior living residents have some form of life insurance, Life Credit estimates. The La Jolla, Calif.-based company provides a way… Read More »
Close to 200 Miami-based “assisted living” communities have been accused of skirting property taxes according to a Miami Herald report. Those accused by the Miami-Dade Property Appraisers’ Office issued $1.7 million in tax liens for claiming homestead exemptions when they were not actually entitled to those exemptions, the report states. “Carlos Lopez-Cantera, Miami-Dade’s property appraiser,… Read More »
Despite a smaller first quarter acquisition pipeline than previously projected and a dwindling number of large, available portfolios, the CEO of Senior Housing Properties Trust (NYSE:SNH) expects the pace will start picking up soon. The REIT is aiming for $300-400 million acquisition pipeline in 2013 but so far has only completed $75 million of acquisitions:… Read More »
Attention, readers: We want your opinion. Healthsense and Senior Housing News are working to gather insight into the value of technology in senior care and the challenges companies face when implementing it in communities. All of the survey data—except for personal contact information—will be compiled and shared with the industry to provide a unique look… 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 »
