In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week:
Is Happy Hour the Key to Attracting Boomers into Senior Living?—A Forbes columnist looked into the appeal of assisted living and independent living communities that have liquor licenses, and posed the question of how necessary they are in attracting new residents.
Judge Approves $12 Million Assisted Living Concepts Settlement—A judge approved the previously-announced settlement over allegations that the company misled shareholders regarding the ALC’s financial status and regulatory compliance.
Long-Term Care Insurer Gets Sued for Excluding Assisted Living Claims—A major Chicago-based long-term care insurer is being sued by an elderly group policyholder who says the company “abruptly” changed its policy and began denying her claims for assisted living care.
Capital Senior Living Buys Four Communities for $65 Million—Located in Indiana and South Carolina, the communities have an aggregate 388 units, consisting of 48 independent living units, 257 assisted living units, and 83 memory care units.
RIDEA Poses Risks for Senior Housing REITs in 2014, Analysts Say—A heavy investment in RIDEA among other factors led BMO Capital Markets analysts to downgrade the stocks of Ventas REIT (NYSE: VTR) and Health Care REIT (NYSE: HCN) Tuesday.
Written by Elizabeth Ecker