The Groves in Lincoln, Inc., the not-for-profit owner and operator of a 168-unit independent living community in Lincoln, Mass., filed for Chapter 11 bankruptcy protection on Monday after defaulting on $88.4 million of tax-exempt bonds. Masonic Health System (MHS) of Massachusetts, Inc. and New England Deaconess Association – Abundant Life Communities, Inc. (DALC) are the […]
Senior Housing News is pleased to announce a free webinar featuring a panel of experts who will discuss the growing trend of senior housing operators who are expanding into the home health arena. The webinar will be hosted on April 4, 2013 at 2 p.m. Central, and interested parties can register now. The panel will […]
Senior living providers won’t argue with the power of the Internet to drive leads, but most are still wary of interacting with social media. During the National Investment Center (NIC) for the Seniors Housing & Care Industry’s regional event in San Diego, Calif., panelists described their hesitation with using social media channels such as Facebook […]
Elderlife Financial is going through some management changes and as a result, the company’s founder is no longer with the company. Elias Papasavvas, the founder of Elderlife has been replaced by Roque A. Santi as the chief executive officer. Prior to joining Elderlife, Santi was the president of ECC Capital, a mortgage Real Estate Investment Trust (REIT) […]
If you’re looking to reach senior housing executives in 2013, you need to work with Senior Housing News (SHN). No publication reaches more decision makers everyday in the senior housing industry than SHN. Our publication reaches over 30,000 unique people each month and more than 6,000 double opt-in subscribers through our daily emails. Here are just a few of the things you […]
Healthcare real estate investment trust (REIT) acquisitions and financing deals in senior housing are forcing Fannie Mae to adapt its business strategy and put a focus on working with small to mid-size players in the industry. “In the past, we’ve done business with larger operators, but not many with middle market borrowers,” said Bob Simpson, […]
Many senior living providers are considering diversifying their service lines by adding home health care services, but those in the market for acquiring a home health agency must exercise caution regarding who they work with, a new study from Northwestern Medicine Research suggests. With 10,000 baby boomers becoming eligible for Medicare each day, the need for […]
The assisted living concept has been around for roughly 25 years, but there’s still a struggle to educate policy makers and regulators at the state level about the industry, according to panelists at the Assisted Living Federation of America’s annual event held last week in Dallas, Tex. “The biggest barrier is a lack of understanding […]
The Obama Administration and the Department of Health and Human Services announced new funding to help the nation fight Alzheimer’s disease on Tuesday. To help accelerate the work, the President’s proposed FY 2013 budget provides a $100 million increase for efforts to combat Alzheimer’s disease. These funds will support additional research ($80 million), improve public awareness of […]
Despite the political bickering in Washington, D.C., the Obama Administration’s desire to keep care for older Americans in their homes as much as possible to lower the costs of care is good news for the home care industry according to the National Association for Home Care & Hospice. Presenting in front of roughly 40 home care […]
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