Biz Briefs: Brookdale, Oakmont Senior Living, Gentiva, WellAWARE, Cambridge

Brookdale Selects RediLearning for Skilled Nursing MDS 3.0 Training

RediLearning Corp. has announced that their MDS 3.0 online training has been selected by Brookdale Senior Living, the nation’s largest operator of senior housing, for their Skilled Nursing communities. The complex changes made in MDS 3.0 by the Center for Medicare Services (CMS) put a new compliance burden on senior living communities that can also severely impact their Medicare and Medicaid reimbursements. The announcement was made by Michael Hemlepp, Chief Executive Officer of RediLearning Corp.

"We are very pleased to welcome Brookdale to the RediLearning community," Mr. Hemlepp said. "Not only are they the largest, but also one of the most respected operators in senior housing. Brookdale followed a comprehensive selection process in making this decision, and that speaks volumes about the high level of content they expect from us to educate their personnel in a complex regulatory environment. We are highly prepared for that role, and welcome it."

"Our job is to provide the highest quality resident and patient care, always, and respond quickly to changes in compliance," said Jan Wilson M. Ed., Director, The Learning Network at Brookdale Senior Living. "Our judgment is that RediLearning has the most qualified MDS 3.0 training for our communities. We’re convinced this capability will enable Brookdale to comply with all CMS changes, quickly and completely."



Oakmont Senior Living Selects Integral Senior Living to Manage Key Property in Concord

Oakmont Senior Living has selected Integral Senior Living (ISL to manage one of its Montecito property in Concord. Montecito, formerly known as Aegis of Concord offers seven different floor plans, all featuring nine-foot ceilings with crown molding and private balconies. Montecito also offers independent and assisted living, with a total of 153 apartments for rent.   As of April 1, 2011, Montecito will unveil a newly-created section called Traditions, which will offer 24 apartments to meet the growing need for care and support for memory-impaired individuals and their families.

“Oakmont Senior Living is dedicated to exemplary service in our communities and the highest quality of life for our residents,” says Bill Gallaher, founder and principal of Oakmont Senior Living. “With the selection of Integral Senior Living we are raising the bar even higher. Their expertise and experience make them the best possible choice in terms of care, customer service, facilities management, and the overall experience for all of our residents and families.”


Gentiva Health Services Announces Term Loan Refinancing

Gentiva Health Services, Inc. (Nasdaq: GTIV) disclosed that it has completed a refinancing of $727 million of indebtedness outstanding under its senior secured credit agreement.  The refinancing lowers the interest rates for the loans that were part of the transaction and modifies certain covenants which included reducing the minimum interest coverage ratio.  Bank of America Merrill Lynch, General Electric Capital Corporation, Barclays Capital and SunTrust Robinson Humphrey arranged the refinancing.


Ohio Masonic Selects WellAWARE Systems

WellAWARE Systems has announced new partnership with The Ohio Masonic Home, which includes Springfield Masonic Community, Browning Masonic Community and Western Reserve Masonic Community, as well as their home care entity, Cornerstone Home Health and Hospice.  WellAWARE’s advanced “smart sensor” solution supports caregivers by providing insightful, information about resident physiological data (i.e. sleep quality, bathroom visits, activity levels and more). By proactively responding to trends that may indicate emerging health conditions, caregivers can significantly improve health related outcomes.

“We are excited to partner with WellAWARE Systems statewide. We are fully committed to raising the bar and elevating the standard of care being provided to seniors. Like WellAWARE, we are passionate about improving the safety and quality of care for our residents,” said Mike Williams, COO of The Ohio Masonic Home. “By offering WellAWARE, we are now able to combine our exceptional hands on care, with the latest in technology innovation, to serve our senior living properties and expand our reach to seniors living at home, including more than 100,000 Masons throughout Ohio.”


Cambridge Close $7.6MM Transaction in Torrance, California

Cambridge Realty Capital Companies announced the recent closing of a $7.6 million FHA-insured HUD mortgage loan to refinance Huntington Retirement Hotel, a 155-bed assisted living community in Torrance, California.  Cambridge Chairman Jeffrey A. Davis says the transaction was coordinated by Hymie Barber, the company’s national origination manager and was a fully-amortized, 28-year term loan was financed using HUD’s 223(a)(7) program for owners with existing HUD financing.