Prosecutors Face Setback in Massive Assisted Living Fraud Case

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 […]

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 repositioning contributed $351.7 million to that loss, in the form […]

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 legislation that would introduce new licensing requirements for assisted living […]

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 Irving Levin Associates. The average cap rate for assisted living communities […]

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 ranked No. 38 in the cost of care category on […]

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 potential respondents, including investors, operators, developers and lenders in the […]

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 and the Regenstrief Institute. The study compared the quality of hospice […]

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 Federal Oversight of Beneficiary Health and Welfare is Needed,” came […]