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 Read More »
Category: Assisted Living
D.C. Bill Would Ban Assisted Living Communities From Accepting Dementia Patients
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 Read More »
Advocate of Senior Living Innovations to Lead Health Venture of Amazon, Partners
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 Read More »
Asset Sales, Labor Costs Hit Brookdale’s Bottom Line
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 Read More »
Bill to License Assisted Living, Memory Care Communities Introduced in Minnesota
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 Read More »
Assisted Living Price-Per-Unit Hit Record High in 2017
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 Read More »
10 Most Expensive States for Seniors
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 Read More »
Investors, Operators Drawn To Independent and Assisted Living Under One Roof
Senior housing and care investors and operators see appeal in senior living communities that offer both independent and assisted living services, according to a new survey from professional services firm JLL (NYSE: JLL). JLL’s Year-End 2017 Seniors Housing Investor Survey, released Thursday, included more than 250 Read More »
Assisted Living Seen as Better for Hospice Care Than Nursing Homes
Hospice care administered in an assisted living community is seen as higher quality than hospice care offered in a nursing home—but not as good as home hospice care, according to a new Journal of the American Geriatrics Society study from the Indiana University Center for Aging Research Read More »
Federal Watchdog Criticizes Gaps in Assisted Living Regulations
There are major gaps in the regulation of assisted living communities nationwide, and steps should be taken at the federal level to ensure they’re swiftly and properly addressed, according to a recently published report from the U.S. Government Accountability Office (GAO). The report, titled “Improved Read More »
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