The 2014 Senior Housing News Architecture & Design Awards is exclusively sponsored by: Time is running out to enter your community in the second annual Senior Housing News Architecture & Design Awards, a competition that highlights some of the most exciting and innovative design solutions in senior housing. Nominations are now open for the 2014 […]
Category: Management & Operations
California’s Department of Public Health has failed to effectively investigate nursing home complaints, according to a state audit that notes there are 11,000 unresolved complaints and reported incidents in its system. What’s more, many of these complaints and incidents have remained open for nearly a year on average, with the average number of days open ranging […]
Extendicare announced Friday an agreement to sell almost off of its senior care business in the United States for $870 million to a group of investors led by Formation Capital, LLC. The portfolio comprises 141 owned and operated senior care communities, four communities operated under lease agreements, ten which are operated under managed contracts, and […]
New partnerships are paving the way for key growth opportunities for LCS, which announced Wednesday a pipeline of projects valued at over $1 billion. “Our industry is growing,” says Ed Kenny, chairman and CEO of LCS, telling SHN this is the largest pipeline the company has had in the past six or seven years. LCS’ […]
In case you missed them… here are the top headlines grabbing Senior Housing News readers’ attention this week. Brookdale Begins to Feel the Growing Pains Post-Emeritus Merger—While the single-largest senior living provider has closed its deal in acquiring Emeritus Corp., Brookdale execs said this week despite strong quarterly performance, the company is experiencing fewer […]
The next generation of residents is already shaping senior housing, but some of the ways continuing care retirement communities (CCRCs) have been preparing for this cohort could be all wrong. An emphasis on high-end services and amenities and, in turn, expensive price tags might put luxury living out of reach for many seniors. Additionally, the […]
Independent living providers in Michigan may not request medical data to determine the eligibility of their residents either prior to or during their residency, the Department of Housing and Urban Development (HUD) ruled Monday. HUD reached a Conciliation Agreement with Huntington Management, a Southfield, Mich.-based company that operates five independent living communities in southeast Michigan […]
Senior Tech Company Hires Vice President of Client Solutions GeriJoy, a senior tech company that provides 24/7 dementia oversight and companionship, recently announced it has hired Jim Wambach as vice president of client solutions. Prior to GeriJoy, Wambach founded Sesen Elder Care, a provider of in-home care and care hamangement. At Sesen, Wambach was a leader in […]
Omega Healthcare Investors (NYSE: OHI) and Aviv REIT (NYSE: AVIV) announced on Friday an agreement to merge the companies in a stock for stock transaction, creating a $10 billion real estate investment trust (REIT). The deal, which values Aviv at $3.0 billion, gives the combined companies a portfolio of 874 properties across 41 states and […]
In case you missed them, here are the top five stories grabbing Senior Housing News readers’ attention this week: 3 Solutions to Age-Old Senior Housing Problems — The issue of “cost creep” and rising expenses, lead generation and occupancy levels are persistent challenges for senior living providers. However, there are unique ways of solving them, industry experts […]
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