In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week:
Developer Takes Alternative Approach to $500 Million Senior Living Pipeline Chicago-based Bright Oaks Group already has $200 million of new construction under development, but is planning to kick it up a notch to $500 million worth of new projects in the pipeline, and says its “sweet spot” is projects that feature about 100 units per community.
NorthStar Realty to Acquire Griffin-American Health Care REIT II in $4 Billion Deal After months of rumors, NorthStar Realty Finance Corp. (NYSE: NRF) has announced it will acquire Griffin-American Health Care REIT II, bringing to its portfolio the REIT’s assets, 30% of which comprise senior housing investments.
CMS: Skilled Nursing Faces Uncertain Future, Negative Margins by 2040 Projections show skilled nursing will have negative total facility margins within the next 26 years, and will be forced to discontinue providing services to Medicare beneficiaries, merge with other provider groups or shift portions of their Medicare costs to non-Medicare, non-Medicaid players.
Senior Living Readies For Disaster With 5 New Prep Techniques As Hawaii braces for the impact of two hurricanes, SHN details ways senior living providers can ensure resident and staff safety with the implementation of 5 new disaster preparedness techniques.
Forbes: Top 6 Factors for Senior Living Shoppers Longer life expectancies and a greater push to implement aging in place technology, senior housing should be a place that works for residents today, but also will be suitable in the future, Forbes writes in a recent article.
Written by Emily Study