On the Record: Alan Rosenbloom, President of The Alliance for Quality Nursing Home Care

The nursing home industry hasn’t exactly had the easiest of paths for the past fifteen or so years, especially after Congress’s Balanced Budget Act of 1997 attempted to restructure the Medicare reimbursement system and ended up cutting about $16 billion from the program, instead of the originally intended reduction of about $9-10 million. Alan G. Rosenbloom, […]

LA Senior Living Community Puts Alternative Funding Model To Work

A Los Angeles-based senior living community is working to help Americans in the low-income bracket by offering a few outside-the-box solutions in senior housing.  The program, the subject of a Fast Company article this week, is coined “EngAGE,” and is centered around a non-profit led by Tim Carpenter, which focuses on arts and wellness for […]

Undeterred by Clare Bankruptcy, Franciscan Sisters Seek More Bond Financing [Update]

A spectacular $229 million bond default in 2011 by The Clare, a luxury senior living community  sponsored at the time by the Franciscan Sisters of Chicago Service Corporation, hasn’t deterred an affiliated Catholic senior living organization from seeking $160 million in tax-exempt bond financing. Like many other senior living providers, both non-profit and for-profit, Franciscan Communities […]

In the Pipeline: Senior Housing Construction Projects (10/10/12)

NewCourtland Plans $5.6 Million Senior Housing Conversion Project Nonprofit community services provider NewCourtland recently broke ground on a $5.6 million conversion project that will turn a vacant suit factory into a senior housing and care campus. The LIFE (Living Independently for Elders) center, in Philadelphia, Pa., will be located in a five-story former suit plant on […]

Senior Housing Finance Activity: Ziegler, Cambridge, Lancaster Pollard

Ziegler Closes $12 Million Financing for Ind. CCRC Ziegler recently announced the closing of a $12,175,000 non-rated, fixed-rate Series 2012 Bond issue for Westminster Village Terre Haute, a not-for-profit, single-site continuing care retirement community (CCRC) located in Terre Haute, Ind. The CCRC has 309 units comprised of 173 independent living apartments, 20 independent living cottages, […]

Watch Out: These Nonprofit Senior Living Providers are Gamechangers

Several companies feature prominently as rapid changers in terms of growth on the 2012 LeadingAge Ziegler 100 of the nation’s top not-for-profit senior living organizations, effectively changing the face of the industry through expansions, acquisitions, and new development, and many organizations topping the list of those with the most growth in 2011 also grew substantially—and […]

2012 LeadingAge Ziegler 100 for Nonprofit Senior Living Providers: Who Made Top 10?

Despite a multitude of challenges facing the senior living industry, several not-for-profit providers made significant forward progress on the 2012 LeadingAge/Ziegler 100 list, with much of that growth led by independent living expansion. “Similar to other recent years, 2011 did not fall short in providing its challenges to providers,” wrote Daniel Hermann, senior managing director at […]

LeadingAge Launches Fund to Expand Low-Income Senior Housing Programs

LeadingAge, a trade group for nonprofit organizations in the senior living industry, has partnered with NewCourtland Foundation, a nonprofit provider of community services and housing, to make funding available to its members for programs and projects that blend housing and services for low-income seniors.  With help from member contributions, LeadingAge committed $50,000 to the Innovation […]

Police Donate Confiscated Liquor for Nursing Home’s Happy Hour

Happy hours for residents in one Minnesota nursing home may soon get even happier thanks to an agreement with the local police department to receive donations of confiscated liquor, reports UPI.com. Sister Theresa Robertson, manager of the Holy Family Residence in St. Paul, said she sent a letter to St. Paul Police Chief Tom Smith […]