MetLife’s Mature Market Institute releases its annual survey of Nursing Home and Assisted Living costs.  The Average rates for a private room in a nursing home remained essentially unchanged nationally from 2007, while semi-private rates increased 1.1%, from $189 daily or $68,985 annually in 2007, to $191 daily or $69,715 annually in 2008, according to […]

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The National Academy of Elder Law Attorneys (NAELA) and SNAPforSeniors® recently announced the launch of the NAELA Senior Housing Locator, an online navigational tool with listings for licensed senior housing communities in the country. This tool will now have access to the NAELA Senior Housing Locator through a link on www.naela.org . The online tool […]

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Members of SEIU 6434, United Long-Term Care Workers’ Union have negotiated new collective bargaining agreements that will make improvements for hundreds of caregivers and the residents in their care at several California nursing homes. In all, seven new contracts covering over 700 workers provide on average wage increases of $1.50/hr over three years, employer contributions […]

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LHC Group, Inc. (NASDAQ: LHCG), one of the largest providers of home nursing services in the United States, recently announced its financial results for the third quarter and nine months ended September 30, 2008.  The company announced that net service revenue for the third quarter of 2008, increased 26.7% to $98.2 million compared with $77.5 […]

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Health Care REIT, Inc. (NYSE:HCN) announced last week that it has terminated its previously announced agreement with an affiliate of Arcapita, Inc. to acquire the affiliate’s 90% interest in a venture owning 29 senior housing properties managed by Sunrise Senior Living, Inc. (NYSE:SRZ). “We performed extensive due diligence and appreciate the cooperation and assistance provided […]

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The MetLife Mature Market Institute® recently released its national survey of adult day services and home care costs which found that the national average daily rate for adult day services is $64, up $3 per day or 5% from 2007. The national average hourly rate for home health aides is $20,a $1 or 5% […]

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