Conventional senior living communities might not appeal to every older adult, especially considering most people’s preference to age-in-place, but the market for “affinity” communities may boom once the economy recovers. Even though senior housing options have grown in the past decade, many still don’t like the idea of spending the rest of their lives among […]
The death of an 87-year-old resident at a Brookdale Senior Living community in Bakersfield, Calif. last week has sparked calls for lawmakers to rethink policy regulations within senior living communities’ independent living sections. On Feb. 26, Glenwood Gardens resident Lorraine Bayless, 87, passed away some time after telling a facility nurse that she was having […]
Medicare paid billions of dollars to nursing homes that delivered poor quality-of-care services, federal investigators found. For 37% of stays, skilled nursing facilities (SNFs) did not develop care plans that met requirements or did not provide services in accordance with care plans, according to a report from the Department of Health and Human Services (HHS) […]
Last year saw a bit more “evening out” among investor types in the senior housing M&A landscape compared to 2011, according to data from the National Investment Center (NIC) for the Seniors Housing & Care Industry. With private equity accounting for 33% of the buying activity in senior housing and care in 2012, and 2013 […]
Despite a “chatter” of development, senior housing construction activity continues to remain tempered, according to data from the National Investment Center (NIC) for the Seniors Housing & Care Industry. As of the fourth quarter of 2012, construction activity represented 2% of existing inventory, which NIC believes is likely due to strict financing requirements for construction […]
Traditional senior living communities are not the only places older adults can age in place and stay involved in the community, according to the Associated Press via AARP’s blog. The Fellowship Community is an adult home that provides a commune-like setting for seniors, adults and children in Chestnut Ridge, N.Y., about 30 miles from Manhattan. […]
The Twin Cities have experienced a boom in senior housing development as part of a larger trend to provide more care options to its elderly residents, reports the Star Tribune. In the past year, more than a dozen senior living communities have opened or are under construction, now that a backlog of projects during the […]
Even though hundreds of Accountable Care Organizations (ACOs) have launched in the past year under the Affordable Care Act, the program is based on flawed assumptions and is doomed for failure, according to an opinion piece published in the Wall Street Journal. The program’s future success and viability will have to rely on three behavioral shifts […]
HealthBridge Management LLC has filed for Chapter 11 bankruptcy protection for five of its Connecticut nursing home facilities, citing employee pension and benefit costs threaten future operations. As a result of recorded losses in the past, the Chapter 11 filing could mean that state receivership is in the future, according to the Connecticut Post. Under […]
Construction: Planned North Carolina CCRC Plans Expansion, Renovation Project Plantation Village, a Continuing Care Retirement Community (CCRC) in Wilmington, N.C. is expanding to meet growing demands for active senior living. The 68,825-square-foot expansion includes a 27-unit apartment building, new dining venues, a 350-seat auditorium and a new wellness center with a 20-meter lap and therapy […]
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