The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]
Housing for the United States’ growing senior population is one of his department’s top priorities, according to former presidential candidate and current Secretary of Housing and Urban Development Ben Carson. He spoke this week at the annual convention of LeadingAge Florida, an association of nonprofit senior housing and care providers. “America must remain a world leader in our […]
President-elect Donald Trump has chosen Rep. Tom Price (R-GA), M.D.—an outspoken critic of the Affordable Care Act (ACA)—to head up the Department of Health and Human Services (HHS) in the new administration. Price’s appointment could be good news for the struggling skilled nursing sector, as he appears likely to roll back regulations and some ACA […]
A U.S. District Court judge has granted an injunction to stop the Department of Labor’s (DOL) overtime rule, which was set to go into effect Dec. 1. The judgment pauses a rule that would have impacted 4.2 million American workers by guaranteeing overtime pay to salaried workers making $47,476 per year ($913/week) or less. If the […]
There has been much attention given to “person-centered care” for seniors, but far less given to the role of family caregivers, even by assisted living and other providers working with them on a regular basis. These providers can and should remedy this by taking steps to offer more “family-centered care,” according to a recent report […]
A popular financing program is under fire as a Congressional deadline looms. Lawmakers could extend the EB-5 investment and visa program or enact changes that could make it more difficult for U.S. developers to fund projects, including in senior housing. The EB-5 Regional Center Program allows foreign citizens to qualify for a U.S. residency visa […]
Health care real estate investment trusts are taking on a modern mantra: Green is good for business. Recent research shows that companies with higher sustainability scores actually outperform their peers, and REITs like Ventas (NYSE: VTR) are investing heavily to improve their sustainability profiles. Earlier this fall, Ventas was named the 2015 Healthcare Sector Global Leader and […]
Laurie Bebo, former CEO of Assisted Living Concepts Inc., has been ordered to pay $4.2 million in civil penalties for violating the Securities and Exchange Act by administrative law judge Cameron Elliot. The initial decision concludes a long-fought battle against Bebo after the Securities and Exchange Commission filed suit against her last year. The decision also […]
After years providing financing options to senior living clients nationwide, Columbus, Ohio-based finance company Lancaster Pollard is making a major push to build its product base and balance sheet loan offerings. Its balance sheet products will now include construction and term financing, mezzanine and preferred equity products. The company is targeting expansion of financing options […]
A number of economic factors have stacked the odds against the abilities of today’s seniors to retire comfortably and successfully, all of which are bubbling to a new crisis in the making for both current and future retirees, suggests new research spotlighted in The Economist. As more Americans near retirement age and grapple with saving […]