What’s the over / under on longevity? A new financial derivative, also known as the death derivative, is garnering interest at many levels for its benefits for pension funds but also raising concerns about regulation and capital requirements. Pension funds are seeking to quantify and hedge their risk if their members live longer than anticipated. […]
SKH Subsidiary to Acquire Home Health Care Agency Skilled Healthcare Group, Inc. (NYSE: SKH) has announced that one of its subsidiaries has agreed to acquire Altura Homecare & Rehab, a home health care agency serving the Albuquerque, New Mexico market. Chris Tapia, Altura’s majority owner and operator since 2009, will continue to manage the business and be active in […]
Summer’s starting to heat up with staffing changes in the senior housing industry. This week’s movers and shakers are continued proof that senior living jobs are a bright spot in the stagnant economy. Looking to upgrade your talent or replace those who’ve moved on? Posting jobs at Senior Housing News is a cost-effective means to […]
Dozens of Kendall County seniors living on a limited budget will have new affordable housing opportunities in spring 2012. Construction is set to start on the 60-unit Diamond Senior Apartments of Oswego as a result of the investment of the Illinois Housing Development Authority (IHDA), the state’s housing finance agency. IHDA financed $1.6 million in […]
HHS Centers for Medicare & Medicaid Services (CMS) released guidance last week to state Medicaid agencies clarifying that they are able to offer same-sex couples many of the same financial and asset protections available to opposite-sex couples when a partner is entering a nursing home or care facility. The letter advises state agencies of their ability […]
WellAWARE Systems Partners with Eden Alternative to Empower a New Standard of Care WellAWARE Systems has announced a new partnership with international not-for-profit organization, The Eden Alternative. Founded by board certified geriatrician and international Elder care expert, Dr. Bill Thomas, The Eden Alternative is driven by a person-directed care philosophy to improve the well-being of […]
Patience is a virtue. That timeless adage can be equal parts comforting and frustrating. Yes, taking a deep breath and staying the course can often lead to the best of results. But alternatively, waiting for things to unfold can leave one feeling powerless and anxious. Such is the dilemma often faced by those waiting for […]
Chartwell Restructures Management Contracts for U.S. Properties Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) (“Chartwell”) announced that the management of 45 of its communities (6,420 suites) located in the United States is being transferred to Brookdale Senior Living Inc. (NYSE:BKD) (“Brookdale”) as a result of Brookdale’s acquisition of Horizon Bay Realty LLC, which is […]
A group of Senators reintroduced a bill last week that aims to address shortages of doctors, nurses and other long-term care professionals as part of an effort during Older Americans Month. The Caring for an Aging America Act, brought forward by U.S. Senator Barbara Boxer (D-CA) along with Senators Herb Kohl (D-WI), Bernie Sanders (D-VT) […]
The last two weeks have been packed with moves in both small and large senior living organizations….are you ready to make a change? Check out some of SHN’s job postings to see what new adventures may lie just beyond the click of a mouse. Want to spread the word on your company’s staffing victories? Send […]
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