Editor’s Picks: Senior Living Nonprofit Merger Strikes $1.5 Billion Agreement

In case you missed it, here are the top headlines grabbing readers’ attention this week, plus some other notable stories from around the web that caught our eye here at SHN:

Most Read on SHN

ABHOW, be.group Merger to Create $1.5 Billion Senior Living Nonprofit — California-based nonprofit senior living providers American Baptist Homes of the West (ABHOW) and be.group have agreed to merge, positioning the new company to have nearly $1.5 billion in total assets.

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BrightStar to Franchise 100-Property Senior Living Pipeline — BrightStar Senior Living is planning a five-year, 100-property pipeline of assisted living communities to be built and operated through a franchising format—which the company has used to grow its longtime home care business.

Senior Housing Occupancy Slips as New Projects Hit the Market — New inventory hit a six-year high in the second quarter, but declining occupancy shows supply is outstripping demand, according to new data released by the National Investment Center for Seniors Housing & Care (NIC). And this could be only the beginning, as more new developments are poised to come online.

Weekend Read

A New Twist On Planned Senior Communities — A town-within-a-town is a newly emerging trend in senior housing development, reports Forbes in a recent article. Healthy Living Community, a partnership between ActionPact and Liberty Hospital, will focus on wellness and intergenerational living.

Spotlight On: CMS

Obama’s CMS nominee Slavitt could face rough road to confirmation — President Barack Obama has nominated Andrew Slavitt as administrator of The Centers for Medicare & Medicaid Services (CMS). Slavitt was appointed by HHS Secretary Sylvia Mathews Burwell as part of an attempt to create clearer lines of authority at the CMS, explains a recent article in Modern Healthcare.

CMS would pay for end-of-life counseling under new rule — The Centers for Medicare & Medicaid Services (CMS) recently proposed a new rule that would reimburse doctors for end-of-life counseling. The decision comes amid growing discussion about a sick patient’s right to forego medical treatment that would keep them alive or on life support.

For Your Viewing Pleasure

Have you ever wanted to crash a car through a garage door? Walter Thomas of Woodstock, Ill. proves even at age 91 the dream can become reality. Watch the video here.

Written by Cassandra Dowell

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