Facing financial headwinds from low Medicaid reimbursements, some skilled nursing providers in Washington are eyeing a switch to other product types — including assisted living. The state’s current Medicaid system, which took effect in 2016, has led to constrained reimbursements across the state. That, in turn, has resulted in serious struggles for providers, even with […]
Northwind Group, a real estate owner-operator based in Manhattan, has big plans to expand in the senior and health care space — particularly in core urban markets. The company recently acquired a portfolio of seven skilled nursing facilities and one 110-unit assisted living community in Ohio and northern Kentucky. The total acquisition price of that […]
Former senior housing operator Elmcroft Senior Living announced on Friday a data security incident that may have exposed the personal information of its residents, employees, clients and patients—including some people who now live in or work for Elmcroft by Eclipse Senior Living communities. The Louisville, Kentucky-based company became aware on May 12 of an unauthorized […]
Average initial move-in rates for both independent living and assisted living properties were below average asking rates for the fourth quarter of 2017, according to data from the National Investment Center for Seniors Housing & Care (NIC) released Wednesday. However, the rate of move-ins in assisted living equaled or surpassed the rate for move-outs in […]
When David Freshwater, chairman of Watermark Retirement Communities, and David Barnes, the company’s president and CEO, set out to build a skilled nursing facility for the first time, they had decades of experience with SNF design to show them what was needed— and what to avoid. The result was The Springs at Hacienda at the River […]
A majority of caregivers are always looking for a better job, highlighting the stiff competition for labor in senior care. Specifically, 65% of caregivers are “always looking for a better job,” while 97% are open to a job opportunity at any given time, according to new research findings from Chicago-based MyCNAjobs, which offers a suite of […]
Assisted living operators may soon start interacting more with physician assistants and nurse practitioners—if physician assistants can overcome certain barriers to entry in the long-term care (LTC) industry. That’s according to a new report from the University of California at San Francisco, which examined job postings for nurse practitioners (NPs) and physician assistants (PAs) in 2014 and […]
Life Care Services (LCS), the third-largest U.S. senior housing operator, has promoted Joel Nelson to CEO and president. The leadership change is effective Jan. 1, 2018, the company announced Thursday. Long-time CEO Ed Kenny (pictured above) will remain chairman of the board of Life Care Companies and LCS Holdings. Based in Des Moines, Iowa, LCS manages and supports a […]
Many local governments are unprepared to pay for the rising costs of their aging residents as demand for senior services grows, with conflicts over spending, services and zoning expected to increase, The Washington Post reported Monday. For example, senior services in Fairfax County, Virginia, helped increase spending by about $43.8 million since 2014, according to an analysis […]