Happy New Year from Senior Housing News! We’re gearing up for 2014 and are excited to bring our readers another great year of senior housing industry news and trends coverage. We will be out of the office on New Year’s Day and will resume our normal publishing schedule on January 2, 2014.
Until then, here are some of the most popular Senior Housing News posts of the past few days:
Judge Approves $12 Million Assisted Living Concepts Settlement—A U.S. district judge has approved a settlement involving Assisted Living Concepts, former CEO Laurie Bebo, and shareholders that resolves allegations the company misled investors as to its financial situation and regulatory compliance.
Newcastle Closes $1 Billion Holiday Acquisition—The Fortress-affiliated REIT closed a previously announced acquisition of a chunk of Holiday’s portfolio, with the final transaction including 51 communities rather than the originally-announced 52.
California Lawmakers to Look Closely at Assisted Living in Upcoming Hearings—State lawmakers are planning February hearings where they’ll examine senior living providers in light of a local newspaper’s investigation of problems in assisted living communities.
Telemedicine Market Tops $14 Billion in 2012, Future Growth Expected—The global telemedicine market, which reached around $14.2 billion in 2012, is expected to grow another 18% by 2018, according to a recent report.
Is Happy Hour the Key to Attracting Boomers to Senior Living?—A Forbes contributor writes about the growing trend for retirement communities to obtain liquor licenses, with boomer drinking preferences in mind.
Best wishes for the new year and a big ‘thank you’ to all our readers and advertisers for your continued support.
-The Senior Housing News Team