When designing new (or renovating existing) senior housing projects, there needs to be an emphasis on the ability to transition or convert between different kinds of care units, a panel of senior living industry executives agreed at a session during ALFA’s Community 2012 event, held last week in Dallas, Tex. “Build with as much flexibility [...]
A technical glitch provided the basis for Washington, D.C.’s U.S. District Court to strike down the National Labor Relations Board’s rule allowing “ambush” elections. Under the rule, which went into effect on April 30, union elections were allowed to take place in 14 days or less. Many argued that the expedited election rule denied employers [...]
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. From Knoxville News Sentinel—Hillcrest [...]
Change in lifestyle is a crucial issue that has a huge impact on someone’s decision to enter a senior living community. As senior living communities market to new residents, there is a critical time period—it can be as short as a few minutes—during which they engage or lose the potential customer. That engagement revolves directly [...]
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 Ziegler survey of senior living providers shows a variety of smoking policies ranging from somewhat to very restrictive. In no communities of those surveyed can a resident smoke anywhere on campus, while in 34%, residents can’t smoke anywhere on campus. Nearly 10% of communities say they deny admission to smokers. Nearly one-third (31%) [...]
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 [...]
