This week, Senior Housing News readers wanted to know how the Brexit vote will impact the U.S. senior housing industry and where assisted living is the priciest nationwide. Readers were also keen to learn more about Google Capital’s $46 million investment in Care.com and a wildly successful intergenerational summer camp at a continuing care retirement community (CCRC) in California.
Senior Housing News will be out of the office on Monday, July 4, to celebrate Independence Day. We’ll return to our regular posting schedule on Tuesday, July 5. Have a happy Fourth of July!
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Priciest Assisted Living Markets in the United States—The median annual cost of a private, one-bedroom unit in an assisted living community is highest in Washington D.C., Alaska, Massachusetts, Delaware, and Maine, according to state-specific information insurer Genworth Financial (NYSE: GNW) recently pulled from its 2016 Cost of Care report. Assisted living is generally the least expensive in the Southeastern parts of the country, the data show.
Brexit Aftershocks Reverberate Through Senior Housing—Markets around the world have been reeling on the news that the United Kingdom intends to leave the European Union, raising major questions about impacts to global business—including senior housing. The potential good news is that senior housing as an industry might be essentially unscathed by any large-scale economic disruption following the so-called “Brexit,” experts told Senior Housing News. U.S. senior housing might actually benefit in some ways from the new world order.
Google Capital Enters Senior Care Arena with $46 Million Investment—Google Capital announced it has invested $46.35 million in Waltham, Massachusetts-based Care.com, Inc. (Nasdaq: CRCM), the world’s largest online marketplace for finding and managing family care. Google Capital’s share in the $278 million company makes it the single largest shareholder in Care.com which, at present, connects 11 million families with 8.6 million caregivers in 16 different countries.
Why a Continuing Care Retirement ‘Camp’ is a Winning Play—Nineteen soon-to-be fourth grade students are attending day camp at Front Porch’s Villa Gardens continuing CCRC in Pasadena, California, two days a week for four weeks, free of charge. Villa Gardens is paying next to nothing for the program, which has earned the senior living community positive publicity. And the residents are socializing with and imparting wisdom on “the future of our country,” Brice Harris, a Village Gardens resident and the chairman of the summer camp project, tells Senior Housing News.
Weekend Reads
Senior Living Residents Shamed into Picking Up Dog Poop With DNA Matching—Residents at the Whispering Fountains Senior Living Complex in Lakewood, California, were growing more and more upset about other residents’ apparent inability to pick up after their dogs, LAist reports. So, the community’s management hired a company called “PooPrints,” which uses DNA testing to determine whose dogs are the culprits. Dogs living at Whispering Fountains have already been swabbed for their DNA, so any waste that hasn’t been cleaned up can easily be matched with the dog’s owner.
Written by Mary Kate Nelson
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