Senior Housing Loans Racing Through HUD With Queue at Zero

The infamous queue of applications for the Department of Housing and Urban Development’s senior housing and healthcare finance programs has been dissolved, and timelines for new applications are zipping through up to 10 times faster than before.  Two to three years ago, it could take a year—or longer—to have a HUD Section 232 application picked […]

Will Assisted Living Scrutiny in Calif. Impact Other States?

California assisted living communities have repeatedly made headlines in the last several months for all the wrong reasons, raising the question of whether one state’s regulatory woes could trigger federal oversight for the industry.  The short answer: not likely. Assisted living experts say the state’s problems aren’t expected to have broader national implications at this […]

New HUD Option Opens Market for Loans on Hold

The newest drafting of a Department of Housing and Urban Development loan type is providing flexibility to senior housing providers in states where Medicaid reimbursements are known to take several months at a time. The first of the new Intercreditor Agreements, an account receivable loan type provided under HUD’s 232/223 program, was closed by Beech […]

Obamacare Employer Mandate Delayed Again—For Some

Mid-size employers have an additional year’s time before they must provide health insurance to qualifying employees under the Affordable Care Act.  Businesses with between 50-99 employees are not required to offer health insurance to full-time workers until 2016, according to a senior official with the Obama Administration, reports the Washington Post.  Last July, implementation of […]

Senior Living Provider OK’d for Paid Resident Referrals: OIG

A nonprofit senior living provider concerned about violating the Federal anti-kickback statute was green-lighted to compensate a placement agency in exchange for new resident referrals, said the Department of Health and Human Services Office of Inspector General in a recent advisory opinion. The unnamed provider requesting the advisory is a nonprofit corporation that owns and […]

In the Pipeline: Senior Housing Construction Projects (12/19/13)

Construction: Planned LCB Senior Living Seeks Approval for New Hampshire Assisted Living Norwood, Massachusetts-based LCB Senior Living is proposing to develop an 84-unit assisted living and memory care community for Salem, New Hampshire, reports New Hampshire Union Leader. Project plans detail a three-story, 73,000-square-foot building across from the Ingram Senior Center on Sally Sweets Way.  […]

PBS: Six Tips to Avoid Long-Term Care Crisis

The U.S. may be largely unprepared today for the long-term care crisis ahead, but there are many ideas as to potential solutions proposed by contributors last week to a PBS segment on Six Tips for Averting America’s Long Term Care Crisis.  Compiling perspectives from thought leaders spanning think tanks such as the Urban Institute and […]

Ensign Spins Off Real Estate Into New Healthcare REIT

The Ensign Group (Nasdaq: ENSG) announced today it will separate its health care business and real estate business by forming a real estate investment trust spinoff that will leave the former entity as two publicly held companies. Ensign, a national provider of assisted living, skilled nursing, rehab, home health, hospice and other care services, says the […]

Johnson & Johnson to Pay $2.2 Billion Settlement Tied to Nursing Home Kickbacks

Healthcare giant Johnson & Johnson and its subsidiaries will pay more than $2.2 billion to resolve criminal and civil liability stemming from allegations it participated in off-label marketing and kickbacks to doctors and pharmacists, including those in the long-term care industry, the Justice Department announced Monday. The settlement includes a $149 million payment to settle […]