In case you missed it… here are the top five stories grabbing Senior Housing News readers’ attention this week:
Emeritus to Merge with Brookdale Senior Living in $2.8 Billion Deal—Senior living giant Brookdale agreed to merge with Emeritus to create what will be the largest senior living network in the country, spanning 330 markets and more than 112,000 units nationwide.
New Assisted Living Model Cuts Cost Without Cutting Corners—One assisted living provider has found success in offering a semi-shared—and much less expensive—option to residents.
Top 10 U.S. Senior Housing Owners of 2013—ASHA’s annual report sheds light on the largest senior housing owners by number of units. Ventas tops tops the list for the third year in a row, followed by Health Care REIT, which edged above #3 Brookdale Senior Living for the second spot in 2013. Note: The list was compiled prior to the announcement of the Brookdale-Emeritus merger, noted above.
Nonprofit CCRC Activity Sees Spike as Occupancy, Finance Rebound—Nonprofit CCRC finance and occupancy have both seen up uptick in the first part of 2013, with Ziegler showing 18 new communities to open in the next two years. That number has increased from eight just several months ago.
Health Care REIT: Unstoppable Forces Driving Senior Housing Demand—Health Care REIT pointed to “unstoppable forces” driving the future of senior living in the company’s fourth quarter earnings call this week.
Written by Elizabeth Ecker