Golden Girls-style living in group homes, very much like a college dorm or even a fraternity or sorority, is proving attractive to older adults and especially baby boomers looking for a sense of community. More than 1 in every 3 boomers are unmarried, according to the Center for Family and Demographic Research. And as The […]
The home health care market is expected to surge to a $130 billion industry within the next five years, according to a MarketsandMarkets report. Valued at $90.9 billion in 2012, the market for home health services is poised to grow at a compound annual rate of 7.5% each year until 2017, as it offers a cost […]
Construction: Planned Developer Plans to Revamp Former Assisted Living Building Cacace Associates has plans to revamp a former assisted living building into an independent living community for seniors in Bristol, Pennsylvania, phillyBurbs reports. The former Mill Run building on Wilson Avenue was purchased by the Bristol government for $135,000 from its previous Virginia-based owner in […]
The Great Recession of 2007 impacted the wealth and savings of most baby boomers entering retirement, but many managed to maintain the financial security necessary to retire. Older boomers may be the last generation on track to retire with enough savings and assets to maintain financial security through their golden years, according to a report […]
For senior living providers, social media can be the first line of defense against any negative press in the event of a crisis. As social media has been giving way to more citizen journalists sprouting up, senior living providers have to act quickly to get their message out, or else face the risk of misrepresentation […]
Amid growing concern regarding a lack of deaf-friendly senior housing, one advocacy group has been working toward a housing solution for this marginalized group in senior living. For years the Florida Association of the Deaf has campaigned to build federally subsidized apartments for the deaf on limited incomes, specifically in South in Florida, according to […]
The rising cost of long-term care (LTC) is causing a “sticker shock” for many older Americans at risk of not being able to afford services in their old age, reports The New York Times. In the last year, the average annual costs increased for assisted living (4.45%), nursing homes (3.60%) and even adult day care […]
A growing national support for gay rights and an increasing willingness from banks to offer construction loans have given rise to more LGBT friendly senior housing projects in some of the nation’s largest cities. Projects catering to lesbian, gay, bisexual and transgender seniors have already started sprouting up in Los Angeles, Philadelphia and Chicago, according […]
Construction: Planned Texas Developers Plan Fort Worth Senior Living Community Dallas-based HealthCap Partners LLC and Fort Worth-based Hillwood Properties plan to develop a senior living community in Alliance Town Center in Fort Worth, Dallas Business Journal reports. The initial phase of construction would consist of 60-units of the senior living community, 40 of which would […]
Abstaining from antipsychotic drugs could have positive effects on dementia patients’ overall health and well-being. Reducing the use of antipsychotic drugs in dementia care homes by an average 48% led to significant increases in resident well-being, both physically and mentally, according to data from Four Seasons Health Care, an independent healthcare provider in the United […]
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