In the company’s latest business move focused on the aging population of the United States, technology retail giant Best Buy (NYSE: BBY) has agreed to acquire GreatCall for $800 million in cash. GreatCall has developed and sells senior-friendly smartphones, smartwatches, medical alert devices and other technology. “[Best Buy] has recently been investing in health-related initiatives […]
Healthsense
Mainstreet Acquires Three Memory Care Communities for $44.3 Million Mainstreet Health Investments Inc. (TSX: HLP-U) entered into an agreement to acquire a portfolio of three memory care communities, totaling 171 units, for the purchase price of $44.3 million, representing a year one capitalization rate of 7.85%. . The communities are located in Little Rock, Arkansas, […]
From automating caregiver tasks to managing residents with passive monitoring, technology can change the way senior housing providers streamline their practices and spend their time with residents. But as providers invest in technology, they need to ensure they are actually improving care and boosting business functions. One senior living provider is finding both to be […]
Internet-connected devices such as wearable health monitors can greatly enhance senior living communities, but the devices also pose potentially grave privacy and security risks that must be addressed by care providers and other stakeholders, suggests a recently released Federal Trade Commission report. The FTC lays out a sound approach to security in its report, and […]
The central objective of remote monitoring technologies has always been to help seniors and the chronically ill live safely and independently in their own homes, and at lower costs than hospitals. To that end, a new study quantifies the range of savings that can be realized through the use of in-home health monitoring technologies, as […]
Health Care REIT Names New Board Member Major senior housing property owner Health Care REIT (NYSE: HCN) has announced the appointment of Sergio Rivera to the company’s Board of Directors. Rivera currently serves as President of the Americas for Starwood Hotels and Resorts Worldwide, and as CEO of Starwood Vacation Ownership, a wholly owned subsidiary […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Prudential Mortgage Provides $11.7M Loan to Ore. ALF, SNF, Memory Care Community Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU), provided an $11.7 million loan to West Linn Care Center Holding Company, […]
Tapestry Senior Housing Management, LLC announced it is making an investment to install wireless remote monitoring technologies in a $100 million portfolio of senior living communities. Based in Minneapolis, the company manages a portfolio of more than $100 million in private pay senior living assets. Tapestry said it has chosen Healthsense to be its provider […]
In case you missed it… here are the top five stories grabbing Senior Housing News reader attention this week: Developer Uses “Flex Rooms” to Convert Assisted Living to Memory Care—Dallas-based senior housing architectural firm three: Living Architecture is building with the future in mind by designing “flex rooms,” a concept that allows providers to convert […]
In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week: Freddie Mac Unveils New Senior Housing Product, Greystone First to Market—Freddie Mac released a revolving credit product specific for senior housing borrowers. Greystone was the first to secure the credit facility for a developer client, in […]
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