Health Care REIT, Inc. (NYSE:HCN) has completed the formation of its $890 million partnership with Benchmark Senior Living. Announced in February 2011, the partnership includes 34 high quality private pay senior housing communities with an $890 million investment balance that closed effective March 28. “The Benchmark Senior Living transaction underscores Health Care REIT’s ability to […]
Category: Assisted Living
Resort Lifestyle Communities says it will begin construction on Robinwood Retirement Community this summer in Bartlett, Tennessee. The community is a $25 million, 141 apartment adult living community for people 55 and over and will a selection of studio, 1, 2, and 3 bedroom apartments, as well as 2 bedroom cottages. The project was designed by […]
Over 200 senior living and health care professionals converged in Atlanta over past few days to take in tours, presentations and discussions as part of the 11th annual Environments for Aging. The conference, hosted by the Vendome Group and its publications, partnered with the American Institute for Architects – Design for Aging, SAGE and ASID […]
Assisted Living Concepts, Inc. (NYSE:ALC) reported net income of $5.4 million in the fourth quarter of 2010 as compared to net income of $4.3 million in the fourth quarter of 2009. ALC’s net income for the full year 2010 was $16.5 million on revenues of $233.1 million that were $4.4 million or 1.9% higher than […]
Three nonprofit organizations in Michigan have announced the formation of a collaboration to redevelop a neighborhood, create jobs and fill important health care and living needs for seniors in the City of Detroit. Henry Ford Health System (HFHS), Presbyterian Villages of Michigan (PVM) and United Methodist Retirement Communities (UMRC) plan to break ground in May […]
Costs for assisted living are on the rise when it comes to labor according to the 13th annual Assisted Living Salary & Benefits Report which was recently published by Hospital & Healthcare Compensation Service (HCS). The report shows that the national average hourly rate of Assisted Living LPNs is $19.80 according which represents a 1.02% […]
The American Health Care Association (AHCA) and the National Center for Assisted Living (NCAL) recently released its fourth briefing as part of a series examining the current status of assisted living and long-term care to raise awareness and coincide with President Obama’s State of the Union address. The brief reveals that there are almost 1 […]
Heritage Woods of Plainfield, Illinois recently celebrated its ground breaking ceremony for the construction of the new $18 million assisted living community. The three-story building will house 108 private studio and one-bedroom apartments. The Builders ProLoan Fund, LLC, on behalf of the Chicago Regional Council of Carpenters, is providing $12.2 million in funding for the […]
Insurance companies are keeping a close eye on the costs of long term care and a new study from Northwestern Mutual shows that assisted living continues to cost half as much as nursing home care. The study outlines long-term care costs by state, with data on nursing home daily rates, assisted living monthly rates, and […]
Senior Management Advisors (SMA) and Valstone Partners have announced the acquisition of an assisted living and Alzheimer’s care residential community formerly known as Emeritus at Altamonte Springs and located in Altamonte Springs, Florida. As part of the acquisition, the community will be renamed the Grand Villa of Altamonte Springs. The joint venture partners expect to […]
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