Most family members with loved ones in continuing care retirement communities (CCRCs) are very pleased with the services and care provided, and this influences their own future retirement living decisions, according to the 2011 National Survey of Family Members of Residents Living in CCRCs, released by Mather LifeWays Institute on Aging, Ziegler, and Brecht Associates, […]
Category: CCRCs
Ziegler announced the closing of a $31.2 million non-rated, fixed-rate bond issue for Peterborough Retirement Community at Upland Farm, Inc. RiverMead was formed in 1991 and the original continuing care retirement community campus at RiverMead opened in December 1995. RiverMead’s existing campus is situated on a 56-acre site in south central New Hampshire in the […]
Bankruptcies, like many bad things, come in threes—at least that’s how it’s been lately for some Chicago-area continuing care retirement communities established by religious orders which have appeared in bankruptcy court three times in the past two months, most recently on Monday, Dec. 5. This time, it’s Clare Oaks, a Bartlett, Ill., CCRC founded by […]
After missing its most recent debt-service payments and failing to reach an agreement with bondholders, an Ohio continuing care retirement community (CCRC) filed for Chapter 11 bankruptcy protection in late November, marking the second bankruptcy filing in the course of a month for the Franciscan Sisters of Chicago. Stepping in to assist the St. Mary […]
For continuing care retirement communities (CCRCs), the recent 11.1% cut to Medicare reimbursements to skilled nursing that took effect in October will not derail ratings for the communities, Fitch Ratings reported Monday. The global ratings agency said that a material number of downgrades are not expected for the CCRCs that it rates, citing the composition […]
Benchmark Senior Living announced on Tuesday that it has completed a transaction to acquire Edgehill Continuing Care Retirement Community (CCRC) from Stamford Health System for $71.5 million. Edgehill, located in Stamford, Conn., is Wellesley, Mass.-based Benchmark’s sixteenth Connecticut location. “We’re working closely with Benchmark to ensure this transition goes as smoothly as possible,” said Kathleen […]
Specialty investment bank Zeigler announced Monday that it has closed a $62 million fixed-rate issue for Episcopal Senior Communities (ESC), a California non-profit public benefit corporation that provides housing, related facilities and services for elderly people on a non-profit, religious and charitable basis. “ESC is among the highest rated and strongest multi-site senior living systems […]
Benefis Health System recently broke ground on its first continuing care retirement community, the Grandview at Benefis, in Great Falls, Mont. The 42-acre campus, which will have 140 units, will cost about $67 million. Construction is due to start imminently, and is expected to be finished in 2014. Residents will consist of a range of […]
Piedmont Crossing Retirement Community, a Continuing Care Retirement Community, announced it’s merging with Centerclair, a stand-along nursing facility based in Lexington, North Carolina. Together the communities will create three new residential skilled nursing households and provide residents an updated living model. “The new focus in senior living is resident empowerment, privacy and lifestyle choices in […]
Hammes Company, a health-care property developer, is planning a $1.6 billion campus located in Henderson, Nev. that will include senior living and health care facilities. Hammes will be designing the integrated “health village,” called Union Village, along with partner HKS, Inc. It will replace a 64-year-old Rose de Lima campus, currently operated by St. Rose […]
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