AdCare Health Systems, Inc. (NYSE AMEX: ADK), an Ohio based long term care, home care and management company, recently reported that it completed a private placement of its securities that raised $2.5 million in cash to fund the Company’s growth initiatives, which include potential acquisitions of assisted living facilities and nursing homes as well as […]
Category: Assisted Living
Aegis Living, a national provider of assisted living and Memory Care communities announced that its working with faculty at University of Washington School of Medicine to make strides in the advancement of healthy aging through collaborative efforts started in Aegis Living’s new Living 4 Life® program. Through Living 4 Life®, the University of Washington and […]
One thing Congress agrees on in the health care reform bill is that long-term care insurance is a good idea. The CLASS Act, or Community Living Assistance Services and Support Act is part of both versions of the current reform bill being worked on in Washington, DC. The proposed program would create a voluntary long-term […]
Trinity Lifestyles Management announced the acquisition of three Atlanta-area assisted living and memory care communities from McLean, Virginia-based Sunrise Senior Living last week. These communities will now operate under Trinity’s guidance and expand the company’s family of five existing Dogwood Forest senior care locations to eight. Joining Trinity are EdenBrook of Alpharetta on North Point […]
NorthStar Realty Finance Corp. (NYSE: NRF) said it has completed the sale of 18 assisted living facilities containing approximately 1,300 beds located in North Carolina to a private investor group for $95 million. The company said it expects the sale to generate approximately $36 million of cash proceeds to NorthStar after transaction costs and repayment […]
Emeritus Corporation (NYSE: ESC), a national provider of assisted living and Alzheimer’s care services to seniors, announced that it has entered into an agreement with National Health Investors, Inc. (NYSE: NHI) to lease eight senior living communities. The communities, located in Arizona, South Carolina, and Tennessee, consist of approximately 258 assisted living units, 66 memory […]
Thinking about moving to Aspen for retirement? Yes, we were contemplating that locale too but with an average market value for homes listed as of December 2009 at $1,665,463, maybe renting would be the better option. The Aspen Times ran an article entitled “Aspen assisted-living facility boosts eligibility requirement” that stated that the requirement for […]
Chartwell Seniors Housing Real Estate Investment Trust (TSX: CSH.UN) announced that it has agreed to acquire from Le Groupe Melior and its joint venture partners three properties in lease-up and two parcels of vacant land in the Province of Quebec. Chartwell will acquire the properties for $87.6 million and the purchase price price will be […]
WellAWARE Systems announced today that it has closed $7.5 million of growth capital from Valhalla Partners and .406 Ventures that will allow the company to better serve the important and rapidly growing senior care technology market. WellAWARE’s technology was jointly developed by biomedical engineers and software developers at the University of Virginia’s Medical Automation Research […]
Immanuel Senior Living and Avantas recently announced that Immanuel will begin using Avantas’ web-based scheduling software, Smart Square and the Staffing Resource Center. The Smart Square solutions will assist Immanuel in maximizing core staff, reduce overtime and external agency, manage incentives, and quickly review and adjust daily labor utilization. With real-time analytics and interactive dashboards, […]
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