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 […]
Category: Assisted Living
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 […]
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 […]
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 […]
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 […]
Minnesota may soon lose its status as one of the least-regulated states for assisted living, at least if a new consumer workgroup has its way. In 2017, the Minnesota Department of Health received 25,226 allegations of physical abuse, neglect, thefts and unexplained serious injuries within state-licensed homes for the elderly, and 97% of these claims […]
In senior living, it’s inevitable that some architecture and design features go from hot to not. Resident preferences change, care practices evolve, technology advances, and the way senior housing buildings look and feel has to keep up. So, heading into 2018, providers might want to reconsider if they think that having a bistro will set […]