While assisted living communities and home care agencies frequently collaborate, successfully forging those kind of relationships can be difficult. It’s for this reason that leaders from two Midwestern assisted living communities provided insight into how and when they partner with home care agencies Wednesday during the fifth annual 2018 Private Duty Symposium, organized by LeadingAge […]
Sunrise Senior Living is launching a 12-month trial in some of its U.K. communities, testing a type of dementia therapy that is gaining increasing recognition for effectiveness. The approach, if successful, could be integrated into the company’s memory care practices in the United States as well. The trial is being conducted by the University of […]
Atrium Health and Senior Living has agreed to place 33 of its properties — including nine assisted living communities in Wisconsin — into a court-appointed receivership. The Circuit Court of Wood County appointed Michael Polsky of Beck, Chaet, Bamberger & Polsky in Milwaukee as the receiver, the Milwaukee Journal Sentinel first reported. Polsky has hired Health Dimensions […]
A judge has dealt a significant blow to federal prosecutors in the nation’s largest Medicare fraud case to date. Magistrate Judge Alicia Otazo-Reyes threw out crucial evidence in a $1 billion fraud indictment against Philip Esformes, a health care executive behind more than 30 Miami-area skilled nursing and assisted living communities, reported the Miami Herald. The judge […]
If passed, a local Council bill in Washington, D.C., would ban the 12 assisted living communities in the nation’s capitol from accepting residents who have been diagnosed with dementia or need hospice care. Specifically, one sentence in the bill would prohibit local assisted living communities from admitting any resident who “is or has ever been […]
Dr. Atul Gawande, who put the U.S. senior housing and care system under the microscope in his bestselling book “Being Mortal,” has been named CEO of a new health care venture launched by corporate giants Amazon (Nasdaq: AMZN), Berkshire Hathaway (NYSE: BRK.A) and JPMorgan Chase (NYSE: JPM). The appointment of 52-year-old Gawande is effective July […]
About two months after Brookdale Senior Living Inc. (NYSE: BKD) ended a strategic review and named a new CEO, the nation’s largest senior housing provider has posted a $457.2 million net loss for the first quarter of 2018. Impairment charges related to its ongoing portfolio repositioning contributed $351.7 million to that loss, in the form […]
Minnesota, one of the least-regulated states for assisted living according to a consumer workgroup, may soon join other U.S. states in mandating that these communities are licensed. Minnesota Gov. Mark Dayton, a member of the Minnesota Democratic–Farmer–Labor Party, on Tuesday announced a $15 million package of bipartisan legislation that would introduce new licensing requirements for assisted living […]
The average price per assisted living unit in the U.S. has hit a new high-water mark despite some industry pressures. Average price per unit paid grew by 14% to a new record of $221,250t, according to the latest Senior Care Acquisition Report from market intelligence firm Irving Levin Associates. The average cap rate for assisted living communities […]
Wyoming is famous for its natural beauty, but its expanses of wilderness are one reason it is the toughest U.S. state for seniors to live in, according to recently released rankings that looked at the costs of care and accessibility of services. The Cowboy State ranked No. 38 in the cost of care category on […]
