AdCare Health Systems, Inc. has closed on the last of its three newly acquired skilled nursing facilities in Georgia. The facilities, located in Dublin, Marietta, and College Park, Ga., were purchased for a total of $18 million and are a part of the company’s merger and acquisition program begun in 2009. “The acquisition of College […]
Staying at home and living independently is a large priority for senior citizens, evidenced by a recent AARP press release that says seniors and caregivers are increasingly open to new technology that would enable them to do so. “The best contribution to a future when homes and communications devices will interact seamlessly with caregivers is […]
Legislative changes to the Social Security program made in 1983 provided short-term relief to a pending financial crisis, but did not offer a sustainable long-term solution, says a Social Security Brief from the National Academy of Social Insurance (NASI). The brief says the three key changes made in 1983 will result in a 19% decrease […]
As energy costs continue to rise, the Department of Housing and Urban Development is urging for senior housing units to become more energy-efficient. HUD’s Fiscal Year 2010-2015 Strategic Plan called for better energy efficiency in all of its housing units, which would bring about an overall reduction in energy costs and thus allow more rental subsidies. HUD’s […]
A new MetLife study on elder financial abuse shows an estimated $2.9 billion lost by victims in 2010, with more than half of abuse cases perpetrated by strangers. MetLife says this type of abuse remains underreported, under-recognized, and under-prosecuted, despite the Elder Justice Act becoming law in 2010 and raising the profile on both elder […]
Tens of thousands of people may be reluctant to acknowledge their status as fraud victims, says a recently released AARP study. The study was conducted in light of the prevalence of scams and fraudulent schemes that take place in the United States; in fact, a 2007 Federal Trade Commission study said 13.5% of Americans had been victims of […]
With the U.S. government urging companies to be more green and energy efficient, Health Care REIT’s Tallahassee Memorial Cancer Center accomplished this goal by receiving LEED® Silver certification for its environmental concessions. LEED®, or Leadership in Energy and Environmental Design, is the U.S. Green Building Council’s program for the design, construction and operation of high […]
Home prices continue to plunge, and the S&P/Case-Shiller Home Price Indices show that the U.S. National Home Price Index is down 4.2% for the first quarter of 2011, “hitting a new recession low” according to the S&P press release. “This month’s report is marked by the confirmation of a double-dip in home prices across much […]
Retirement for Baby Boomers and Generation Xers (those born after 1965) will be a very different experience from that of the previous generation of retirees because of the financial crisis, says Alice Munnell, the director of the Center for Retirement Research at Boston College. The Center came up with a National Retirement Risk Index that […]
As the Baby Boomer generation approaches retirement age, starting in 2011, the population of American seniors is expected to double from 37.9 million to 72.1 million. A study released by San Diego’s The Center, an organization devoted to housing and related needs of the lesbian, gay, bisexual, and transgender community, says there are an estimated […]
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