In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week.
Philly CCRC Seeks Buyer, Re-Org Following Bankruptcy Filing—A continuing care retirement community (CCRC) in Philadelphia filed for Ch. 11 bankruptcy on April 25 and is seeking a debt reorganization or sale since the filing. SHN talked with the CCRC’s president and CEO about why it filed and plans for the property moving forward.
Capitol Seniors Housing to Deploy $200 Million in New Construction—Washington, D.C.-based Capitol Seniors Housing is looking to deploy between $100 million and $200 million toward the production of four to eight senior housing communities this year and next. Executives say the company plans to develop in markets nationwide.
USA Today: Baby Boomers Not Alone in Retirement Crisis—According to a recent study 70% of Millennials are already saving for retirement, starting at an unprecedented median age of 22. USA Today examines the specific retirement issues the Baby Boomer, Generation X and Millennial generation face. When it comes to retirement, Baby Boomers have expressed the most concern.
U.S. News: Five Red Flags in Nursing Homes—A history of violations and high staff turnover are a few red flags to look out for when shopping for a senior living service, U.S. News reports. Positive indicators include seeing personal touches in residents’ rooms.
Movers & Shakers – People and Positions for May—In SHN’s very own Movers & Shakers series, we highlight who’s getting hired or named to new positions in companies across the country. Check out the latest updates for the month of May.
Written by Cassandra Dowell