The United States is facing the issue of a rapidly aging population that some say it is not prepared for in terms of housing and care, prompting a grassroots organization to start an initiative that allows seniors to remain in their communities and age in place. Beacon Hill Village sprouted up ten years ago, founded […]
Category: Non-Profit
Unable to ride out the challenging market, an increasing number of non-profit senior living providers are seeking out a broader, more mission-compatible solution to serving their residents according to a report from Ziegler Senior Living Investment Banking. “While in the past any number of for-profit companies likely would have been the acquirer of troubled or challenged […]
Hurting for cash, some county governments are looking to unload long term care facilities to private companies according to National Real Estate Investor. Evans Senior Investments is one company that brokered the sale of a South Carolina continuing care community for $11.3 million to Madison Healthcare Management. Prestige Healthcare, based in Louisville, will operate the […]
Immanuel Lutheran Communities is embarking an ambitious expansion project that will create a new rehabilitation center and 14 new units at its Buffalo Hills Terrace community in Kalispell, Montana. The project, funded by $14 million in tax-exempt revenue bonds, will have a 16-bed rehabilitation center, a new commons area for Buffalo Hill Terrace Assisted Living, […]