In an ever-evolving healthcare landscape that demands higher care quality at lower costs, several senior living providers are engineering various strategies to establish themselves as partners in Accountable Care Organizations (ACOs). Diversified service offerings across the post-acute care continuum, or building near existing hospitals and health systems are just a few practices senior living providers […]
Category: Hospitals
Aviv REIT Announces $94 Million Acquisition Aviv REIT, Inc. (NYSE:AVIV) announced it has acquired two assisted living facilities and one skilled nursing facility for $82 million, in addition to two parcels of land for $12.2 million. With the parcels of land, Aviv has gained the entitlements for construction of two new assisted living facilities and […]
Legacy Healthcare Expands Team Legacy Healthcare, which owns and operates 17 skilled nursing centers in Illinois, has hired Kristin Scott as regional director of business development and Erik Iverson as director of business development for Warren Barr North Shore. Scott brings to the position experience in physician relations and business development, most recently working […]
Affiliation between health care providers is expected to continue at a relatively rapid pace as organizations address the pressures of mounting healthcare legislation and the need for scale and diversification of service offerings. Some senior living providers have recently targeted affiliation as a means to accomplish these goals, especially among non-profit operators that offer heath […]
While many senior living operators work together with hospital systems on a resident referral basis, one provider is taking the relationship a step further by bringing some hospital services on site through a collaboration that is three years in the making. St. Paul, Minnesota-based Presbyterian Homes & Services (PHS) is preparing to develop a new […]
Assisted living hasn’t been a major focus of healthcare reform and how it fits into the nation’s healthcare system, but industry stakeholders say that doesn’t mean it won’t be impacted. Healthcare reform is poised to make a splash in the assisted living world for a number of reasons, including more acute care knowledge of what […]
A Michigan-based developer of senior housing communities has big plans for new construction over the next few years—they could amount to a billion dollars in development. Wyoming, Michigan-based Granger Group LLC is planning $1 billion worth of senior housing developments over the course of the next three years, Vice President of Development Jason Granger told […]
The Affordable Care Act is causing a sea change in the healthcare industry at large, and several emerging trends are expected to impact the long-term care industry as well, including a movement toward in-home services. Five trends in particular are worth noting, Senator Bill Frist, the keynote speaker for the National Investment Center for the […]
Construction: Planned Isakson Living $200M CCRC Delayed Again A $200 million senior living project from Isakson Living has been delayed again following the rescheduling of a zoning hearing by the Cobb Planning Commission of Cobb County Georgia, reports the local Patch. The delay, according to Patch, was due to the commission’s decision to appoint a […]
Senior Housing Properties Trust’s (NYSE: SNH) sale this week of two hospitals for $90 million looks to further reduce the company’s Medicare and Medicaid footprint and focus in on private pay senior housing assets in its portfolio. SNH announced December 31, 2013 that it closed the sale of two rehabilitation hospitals to a joint venture […]
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