In case you missed them… here are the top headlines grabbing SHN readers’ attention this week:
Forbes: What Will Assisted Living Look Like in 2020? — The changing needs and demands of senior housing residents are transforming the way assisted living communities operate, with many catering to residents with higher acuity than traditionally seen in years past, writes Forbes columnist Howard Gleckman in a recent article. Looking ahead, Gleckman predicts that assisted living facilities will become the new nursing homes as nursing homes abandon the long-stay business for more lucrative post-acute and rehabilitation patients.
Why Demographics and ‘Gut Feeling’ Won’t Cut it in Senior Living — An increase in the transparency of data available in the senior housing sector is helping the industry keep tabs on clientele in a whole new way, but for investors, analyzing those metrics could prove futile if they don’t consider the operator with whom they’re looking to partner.
Health Care REIT Sells Entrance-Fee Portfolio for $435 Million — Health Care REIT, Inc. (NYSE: HCN) recently entered into a definitive agreement to sell seven entrance-fee communities and one rental community for $435 million. HCN sold that portfolio to its operator, Senior Living Communities, which is selling the portfolio to National Health Investors, Inc. (NYSE: NHI). NHI entered into a definitive agreement to acquire the portfolio of eight senior living communities in the South Atlantic region for $476 million.
Dished: How Providers Are Getting Creative With Controlling Food Costs — As food costs are rising at a slightly higher-than-average page, senior living providers are embracing old and new ways to drive food efficiencies while still offering high quality dining plans.
SEC Files Fraud Charges Against Two Former Assisted Living Concepts Execs — The Securities and Exchange Commission filed new charges against two former executives of Assisted Living Concepts, alleging the executives listed fake occupants at some of its senior living communities in order to meet lease requirements.
Written by Cassandra Dowell