The costs to receive care in an assited living facility or nursing home continued to increase, while in home care remained unchanged according to Genworth’s 2011 Cost of Care Survey. Results show that the national median annual cost of long term care in an assisted living facility is $39,135, an increase of 2.4% from 2010. The […]
Category: Assisted Living
Atria Senior Living has completed a deal to merge its senior living portfolio with Ventas (NYSE: VTR). As part of the agreement, Atria will manage the portfolio of 118 senior living communities acquired by Ventas. Ventas acquired the portfolio valued at more than $3.1 billion through mergers of Atria Senior Living Group, Inc. (ASLG) using […]
Unity Health System broke ground on a major expansion of its Villages complex, an independent and assisted living facility with 352 senior housing units in Rochester, NY. The project involves building a new assisted living community, opening a memory care unit, redeveloping common space between the communities, and building climate-controlled connectors between all buildings. “Retirement and […]
The average occupancy rate for senior housing properties rose to 87.9% during the first quarter of 2011, up 0.2% from the previous quarter according to data from the National Investment Center for the Seniors Housing & Care Industry (NIC). While it’s the fourth consecutive quarter that occupancy rates have improved, the senior housing industry isn’t out […]
Verizon and Healthsense signed an agreement on Wednesday to help bring cost-effective wellness and health monitoring services to planned senior-living communities. The new services will be offered to senior- and assisted-living housing developments utilizing Verizon’s advanced FiOS all-fiber-optic network. Healthsense’s Wi-Fi based technology systems will provide increased independence for residents and added assurance that they […]
Aviv Centers for Living is expected to close Friday on $50 million in financing that will centralize its skilled nursing and assisted living facilities onto a single campus. Expected to close on Friday, the financing will fund construction of a new 144-bed replacement skilled nursing facility on the Peabody, Mass., campus and refinance about $17 […]
Washington will be the first state to clamp down on the explosive growth of elder care referral businesses according to a report from the Seattle Times. The providers help guide families through a range of options for their loved ones that can include assisting living or other senior housing that best fits their needs for […]
Wichita Business Journal is reporting that senior living projects are adding millions of dollars to its local economy. At least five major area senior housing projects have been announced in recent months. “It’s a testament to the strength of the market,” says Pat Ayars, a partner in Oxford Development Holdings, which has projects in the […]
The Assisted Living Federation of America (ALFA) announced its new chairman of the its Board of Directors as part of its annual conference this week. Mark Ohlendorf, co-president and chief financial officer of Brookdale Senior Living, is the new chairman of the ALFA Board of Directors and succeeds Granger Cobb, president and CEO of Emeritus […]
ActiveCare announced the completion of its second generation Personal Assistance Link (PAL) handset, the ActiveOne+. The device’s GPS combined with cellular triangulation that allows ActiveCare’s CareCenter to locate a member within several meters 24 hours per day, 7 days a week to better respond to any emergency condition. In addition the ActiveOne+ has built-in receptors utilizing […]
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