In case you missed them … here are the top headlines grabbing Senior Housing News readers’ attention this week:
Senior Lifestyle Corp. Launches New Brand With $650 Million Pipeline — Senior Lifestyle Corp. recently launched a new product, The Sheridan, a 19- to 26-property pipeline that could top $650 million. Rolling out over the next few years, the new line of communities targets the upper-middle market for assisted living and memory support services.
3 Tips for Solving the Million-Dollar Senior Living Staffing Dilemma — It’s no secret that turnover in the senior housing industry is affecting companies’ bottom lines. Honesty, internal communication and consistency are key to tackling the challenge head on.
Wells Fargo Creates New Senior Housing Finance Group — Wells Fargo & Company (NYSE: WFC) is establishing a new speciality group solely dedicated to the senior housing space, the company recently announced.
DOJ Charges HCR ManorCare with Medicare Fraud — The U.S. Department of Justice is charging HCP Inc.’s (NYSE: HCP) major skilled nursing facility tenant, HCR ManorCare, with submitting false Medicare claims. The DOJ complaint stems from three separate, previously-sealed lawsuits filed by former ManorCare employees, according to a Form 8-K filed by HCP.
Distress Deals Present Growing Opportunity for Senior Living Buyers — Distressed communities are presenting a “significant strategic opportunity” that should not be overlooked by the development departments of senior living operators, including smaller players, attorney Bobby Guy, a shareholder in the health care practice at Kansas City, Missouri-based firm Polsinelli, tells SHN.
Written by Cassandra Dowell