Nonprofit life plan communities — particularly those with stronger credit ratings — have done an effective job of keeping Covid-19 at bay and are withstanding immediate financial pressures. However, the sector as a whole still faces numerous challenges and uncertainties as the pandemic drags on. This was the message delivered Tuesday by Fitch Ratings, in […]
Category: CCRCs
Senior care providers across the country are offering hourly wage increases, overtime pay and other incentives to encourage front line employees to continue providing care to residents during the coronavirus pandemic. In the process, this may be establishing a new wage baseline, Kendal Corporation President and CEO Sean Kelly told Senior Housing News. Senior living […]
Continuing care retirement communities face unique challenges in responding to the Covid-19 pandemic. Their large sizes, multiple entry points, varying levels of care acuities and layers of government regulations place added pressures on ensuring the safety of residents and containing the spread of the virus if someone tests positive. But providers can adapt their communicable […]
Senior living operators and residents alike are concerned about a proposed federal regulation that could result in steep tax bills for continuing care retirement communities (CCRCs) — and they may now have reason to be more worried about that rule taking effect as written. On Wednesday, the Centers for Medicare & Medicaid Services (CMS) published […]
Continuing care retirement communities (CCRCs) around the country are facing a potential Medicaid policy change that could result in new tax bills running to six or seven figures — and their residents are speaking out. The potential change stems from a proposed rule issued in Nov. 2019 by the Centers for Medicare & Medicaid Services […]
Drivers traversing a busy stretch of North Central Expressway near downtown Dallas might spot Fred Astaire and Ginger Rogers on the side of the road. Not the late famed dance partners, of course. Fred Astaire and Ginger Rogers are the informal names of the two 12-story towers that comprise Ventana by Buckner, a continuing care […]
The wellness trend has taken the senior living industry by storm — but simply encouraging more healthy habits or offering one-size-fits-all wellness programs may not work. Residents carry with them certain innate behavioral traits and personalities that may affect their overall health and wellness outcomes, suggesting that providers need to think about catering their offerings […]
LCS and National Health Investors (NYSE:NHI) have joined forces to buy a continuing care retirement community (CCRC) in Washington. The Des Moines, Iowa-based senior living company and the Murfreesboro, Tennessee-based real estate investment trust (REIT) on Tuesday agreed to form a new joint venture to own and operate Timber Ridge at Talus, a “Type A,” […]
A high-profile continuing care retirement community (CCRC) in Chicago that rebounded after financial and operational difficulties years ago has been sold for a reported $105 million. Des Moines, Iowa-based senior living company LCS and Harrison, New York-based Senior Care Development have bought private-equity firm Fundamental Advisors’ 75% stake in the 334-unit community in Chicago’s Gold […]
In 2014, Presbyterian Retirement Communities Northwest (PRCN) was a small and struggling provider with three communities in the Seattle area. Fast-forward to the present day, and the organization has rebranded as Transforming Age, serves about 10 times as many seniors, and is pursuing further innovation and expansion — including through the $150 million Olympic Tower […]