AdCare’s M&A Program Continues, Closes on Third Georgia Facility

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 […]

HUD Urges Energy Reduction Measures to Increase Amount of Senior Housing

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 […]

Senior Fraud Cases are Underreported, Says New AARP Study

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 […]

Health Care REIT’s Newly Constructed Cancer Center Earns Silver Certification

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 […]

S&P: Double Dip in Home Values is Here

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 […]

Baby Boomers Retirement Forecast Not Looking Good

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 […]

Housing: Major Concern Among 1.5 Million LGBT Seniors

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 […]