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 […]

Senior Living Growth Potential Lies Outside Community Walls

Senior living providers must expand outside the bricks and mortar and create a full care continuum if they want to be successful, long-term, in a changing healthcare system that’s substantially shifting where care is provided.  Entitlement reform is poised to have a huge impact on post-acute providers, including those in senior living, agreed Scott Gottlieb, […]

Senior Housing Finance Activity: AdCare, Oak Grove Capital, Cambridge

Cambridge Subsidiary Closes $28 Million Loan Modification for Senior Housing Portfolio Cambridge Investment and Finance Co., a subsidiary of Cambridge Realty Capital Companies, announced closing a $28 million conventional loan modification for four properties it owns and operates as SunRidge Senior Living in El Paso, Texas. The firm purchased the portfolio 18 months ago from […]

Ensign Completes Settlement with DOJ for $48 Million

Skilled nursing and assisted living provider the Ensign Group (Nasdaq: ENSG) announced it has completed a $48 million settlement with the Department of Justice over longstanding claims that the company accepted overpayment by federal health care programs.  The claims date back to 2006. While Ensign has agreed to pay a one-time lump sum of $48 […]

HUD Releases Government Shutdown Contingency Plan

The government shutdown will impact lenders and borrowers working with Department of Housing and Urban Development programs—including those with residential care facility projects—to varying degrees depending on how long the lapse in appropriation ability lasts and each loan’s status, reveals a contingency plan released Friday. HUD will still close loans through the Office of Healthcare […]

Long-Term Care Commission Finalizes Recommendations

On Thursday, the federally-appointed Commission on Long-Term Care completed work on a package of recommendations to be included in a final report on long-term services and supports that will be submitted to Congress by Sept. 30.  The bipartisan Commissioners voted on Sept. 12 in favor of the recommendations, which are meant to renew national discussion […]