This week, SHN readers became acquainted with Welltower, Inc., dove deeper into what fuels senior living move-ins, and learned about a new challenge to Fortress Investment Group.
Here in the newsroom, we are intrigued by a saga involving a California assisted living facility and its wild pet duck.
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Health Care REIT’s New Name: Welltower—As of Sept. 30, Health Care REIT took the name Welltower Inc. “With the launch of our new name, we are rededicating ourselves to the platforms, investment opportunities and partner relationships that have made us a recognized leader in our industry,” President and CEO Thomas DeRosa wrote in a letter to employees.
What Does—and Does Not—Trigger a Senior Living Move-In—A Caring.com survey found medical diagnoses and the needs of a caregiving family member are more likely to drive senior living move-ins than social factors.
Shareholder Puts Fortress, New Senior Under Fire—A shareholder has taken Fortress Investment Group (NYSE: FIG) to task over New Senior Investment Group (NYSE: SNR). John Levin of New York-based hedge fund Levin Capital Strategies sent a public letter to the Chairman of the Board and members of the Board of Directors of SNR, noting that the share price of the REIT has fallen 46.1% since the date the company became a spin off from Newcastle Investment Corp (NYSE: NCT).
Music Heals: SingFit Enables The Mass Distribution Of Music As Medicine To Treat Alzheimer’s—Andy Tubman, co-founder of SingFit, says music therapists have been able to positively influence dementia patients’ health and quality of life with musical interventions for decades. SingFit is leveraging their approach and developing new solutions that improve the health and wellness of Alzheimer’s patients. Read more about the intersection of music therapy and dementia in Tubman’s interview with Forbes.
For Your Viewing Pleasure
Residents at an assisted living facility in San Anselmo, California, want their duck back.
Written by Mary Kate Nelson