Editor’s Picks: CEO Fresh Take, Elmcroft Sheds SNFs

After stuffing ourselves for Thanksgiving last Thursday, we at Senior Housing News were happy to be back in the newsroom this week. Our readers were into the latest edition of CEO Fresh Take and caught up with ACTS Retirement-Life Communities. We were interested in Elmcroft’s sale of its skilled nursing units to Signature and the potential changes to the EB-5 program. 

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CEO Fresh Take: How ACTS Invests Big in Both People, Property—In the latest installment of CEO Fresh Take, Senior Housing News sat down with Mark Vanderbeck, CEO of ACTS Retirement-Life Communities. The company currently has an ambitious $300 million revamp project underway across its continuing care retirement communities.

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Elmcroft Sheds SNF Division to Focus on Senior Housing—Louisville, Kentucky-based Signature HealthCare LLC has acquired the skilled nursing assets of Elmcroft Senior Living for an undisclosed price. Elmcroft CEO Pat Mulloy told Senior Housing News the sale will allow the provider to focus on its senior living portfolio.

Popular Senior Housing Investment Program Faces Uncertain Future—The popular EB-5 financing program is set to expire Dec. 11 with Congressional leaders considering permanent regulatory changes. 

Weekend Reads

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Intergenerational Houses Bring Seniors, 20-Somethings Together—A converted three-story brick building in Chicago holds 14 roommates with individual bedrooms and shared common spaces and facilities. Operated by a non-profit organization, the arrangement is multigenerational living and a fresh take on senior housing options.

Why We Need to Talk Alzheimer’s—Marjorie S. Rosenthal, public voices fellow with The Op-Ed Project, assistant director of the Robert Wood Johnson Foundation Clinical Scholars Program and associate research scientist at the Yale University School of Medicine, pens an op-ed for Time urging end-of-life conversations with loved ones.

’Tis the Season

Recommended SHN+ Exclusives

‘Elves for Elders’ Bring Holiday Cheer to Seniors—A team of good-willed Rhode Islanders from the non-profit association Seniors RULE is giving holiday gifts to nearly 900 seniors across 21 facilities this year. In its 10th year, the program, dubbed “Elves for Elders,” will help fulfill holiday wish lists for senior citizens who may not otherwise receive a gift.  

Written by Amy Baxter

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