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 […]
More than 2,600 hospitals across the U.S. are being fined under Medicare for having too many patients return within 30 days of discharge. While readmissions rates are dropping year over year, the penalty count, the third round of which the Centers for Medicare and Medicaid services has conducted since the readmissions reductions efforts began in […]
Mainstreet Names 5 New Staff Members to Join Growing Team Carmel, Indiana-based Mainstreet, the nation’s largest developer of post-acute health care properties, has announced five new members will join its team. Michael Klingl has joined Mainstreet as a development director. Klingl most recently worked for GreenbergFarrow in Chicago, where he served as a senior development manager for more […]
The Department of Health and Human Services (HHS) has issued a new set of materials to engage older adults and senior living personnel in learning about brain health, particularly how brain health is affected as people age. The Brain Health Resource includes the basics about Alzheimer’s disease and managing possible risk factors. “Although no activity or […]
Changes that could go into effect next year would reduce Medicare payments to home health agencies by .3%, or $58 million, the Centers for Medicare & Medicaid Services (CMS) announced Tuesday. The proposed rule that cuts the Medicare home health prospective payment system (HH PPS) reflects the effects of the 2.2% home health payment update percentage […]
The federal funds rate appears to be bucking historical trends as it remains at a low rate for what Department of Housing and Urban Development lenders predict will be an extended period of time, industry leaders say. The federal funds rate has narrowly fluctuated between 0.06 percent and 0.25 percent since January 2009, when the Fed […]