How much will an average assisted living cost? The answers vary widely depending on region, but the latest data from Northwestern Mutual indicates that assisted living residents face a single room average of $3,372.41 per month. For nursing home patients, the average is $246 per day. The costs are mounting at a time when Americans are […]
Category: Assisted Living
Belmont Village Senior Living Breaks Ground in Dallas, Texas Belmont Village Senior Living broke ground in January for Belmont Village Turtle Creek, scheduled to open in Summer 2013. The senior living community will feature 201 private independent and assisted living units, as well as Alzheimer’s care, in a French-provincial style mid-rise building building that will house […]
Of more than 38,000 assisted living communities across the nation, Caring.com sought to find the best facilities based on popular consumer vote. The site designated 119 communities “Caring Stars” of 2012 in recognition of service excellence, with the results announced this week. Across 24 states, the communities received the designation based on a yearlong compilation […]
The Assisted Living Federation of America this week announced it has partnered with the first-ever senior living association in India. ALFA will work with the new Indian group to develop its senior living program to benefit the country’s consumers, the organization said. “The Indian senior living sector is still in its infancy and is expected […]
Nevada is tightening its regulations for what can be considered “assisted living” in the state, reports the Las Vegas Review-Journal. The Nevada Department of Health Care Quality and Compliance issued regulations last June that requires retirement communities to follow “strict regulations and meet certain standards” in order to be allowed to use the term “assisted […]
Bunker Hill Community College’s Division of Professional Studies recently introduced a program designed to meet the needs of the growing field of Assisted Living, titled “Management of Assisted Living and Institutional Facilities.” The program is contained within the Associate in Science Degree: Hotel Restaurant program, which is earned after completing a total of 65 credits. […]
The Ensign Group, Inc. (NASDAQ:ENSG) announced on Jan. 4 that is has acquired a Phoenix, Ariz.-located assisted living facility, effective Dec. 30, 2011 with the transfer of operations effective on Jan. 1, 2012. Rose Court Senior Living is a 93-unit facility that had an occupancy rate of approximately 50% at the time of acquisition. Bridgestone […]
MedHoldings, Inc., a healthcare real estate and investment company with holdings in Florida, Georgia, and Puerto Rico, recently announced the opening of Puerto Rico’s first combined assisted living and memory care community. Located in San Juan, Puerto Rico, the 85-bed The Residence Senior Living offers both assisted living and memory care services and features suites […]
Supportive living facilities (SLFs), Illinois’ affordable assisted living program, is in danger of needing life support since the state hasn’t paid out regular Medicaid reimbursements since July 2011, according to several local operators. Like many other states across the nation, Illinois is facing a budget crisis that is deeply impacting SLFs as they struggle to […]
A 57-unit assisted living facility located in Walnut Creek, Ca., approximately 32 miles east of San Francisco, recently sold for $11.3 million, or $198,246 per unit. The sale was brokered by Rob Reis, a senior associate in Marcus & Millichap Real Estate Investment Services’ San Francisco office. He represented both the buyer, a national owner/operator, […]
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