The appetite for mergers and acquisitions in the health services sector is healthy, as the volume of deals in the first two quarters of the year are on pace with that of the first half of 2013, a PricewaterhouseCoopers LLP (PwC) report suggests. But some sectors are faring better than others: The managed care and […]
Category: Long Term Care
A shortage of caregivers for baby boomers, high cost of senior living products and services and lack of disability-equipped housing reveal a seniors housing crisis as the 50-and-over population is projected to increase about 20% by 2030, according to a new report released Tuesday by the Harvard Joint Center for Housing Studies and the AARP Foundation. […]
Maine seniors, along with affordable housing, home care, general contractors and other aging services stakeholders are rallying around a comprehensive package of proposals that aim to strengthen the state’s aging in place resources that go beyond traditional assisted living and nursing homes. Mark Eves (D-North Berwick), speaker of Maine’s House of Representatives, last week unveiled […]
Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected […]
A government watchdog agency is calling for more oversight from the Centers for Medicare & Medicaid Services (CMS), which may “create an unnecessary burden” on some senior housing providers, a report finds. The U.S. Government Accountability Office (GAO) found that CMS has not been effectively tracking postpayment Medicare claims to ensure the same claim isn’t […]
An aging population, a decades-worth of revenue growth and an extensive post-acute network has ushered the founder of one nursing home operator into billionaire status, reports Bloomberg. All of these elements have been a boon to Life Care Centers of America, Inc., a company that manages more than 200 facilities with 31, 255 beds in […]
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 […]
Senior living providers must adapt to increasingly blurred lines between different senior housing products in order to stay competitive and be best positioned for tomorrow’s residents, industry experts agree. “Skilled nursing used to be long-term care — [but] no longer,” said Tom Grape, CEO of Benchmark Senior Living during the LINK LTC & Senior Living […]
A national advocacy organization is looking to partner with an assisted living provider to raise awareness for the importance of planning for long-term care services. The American Association for Long-Term Care Insurance is currently seeking an national assisted living organization interested in creating heightened awareness for the use of long-term care insurance to pay for the […]
A collaboration between specialty investment bank Ziegler and venture capital firm LinkAge Ventures aims to drive innovation within the non-profit senior living sector through the creation of a new fund focused exclusively on the aging marketplace. Founded on the belief that the nation’s increasing aging population presents an attractive investment opportunity, especially given its growth […]
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