The New York Times ran an article that talked about the mounting debt of Sunrise Senior Living and Brookdale Senior Living. The article shows some of the challenges that both companies face and how they differ but they share similar issues when it comes to their debt loads and bank covenants. The article mentions that […]
Category: Senior Housing
The Dallas Morning news recently ran an article discussing Mexico’s growing assisted living market and the allure it is providing to retirees in Texas as an alternative to other US retirement options. With an estimated 1.2 million retired Americans and Canadians in Mexico, developers are looking to provide additional options that are cheaper and relatively […]
As the financial crisis worsens, the housing market stalled or sinking and the economy in a recession since December of 2007, many senior communities are lying vacant and struggling to get people to move into their communities and facilities. Some facilities are considering eliminating the age requirements that are associated with these facilities in order […]
Five Star Quality Care, Inc. (NYSE Alternext US: FVE) recently announced that it has entered a settlement with UBS AG and its affiliates (“UBS”) regarding Five Star’s investments in auction rate securities made through UBS. Under the terms of the settlement, UBS will purchase 100% of Five Star’s $74.8 million (face amount) of investments in […]
The Motley Fool posted an article discussing the attractive yields that many Senior Housing Stocks are providing to investors as of November 19: Health Care REIT (NYSE: HCN) – 7.6%, Senior Housing Properties (NYSE: SNH) – 9.7%, Medical Properties Trust (NYSE: MPW) – 18.8%, National Health Investors (NYSE: NHI) – 9.0%. The article ponders whether […]
Active Day, Inc., the largest network of adult day health services in the country, recently made moves to expand across Indiana. The company currently operates centers in Munster, Lafayette, Yorktown and three locations in Indianapolis, with Merrillville scheduled to open in the next few months. Active Day provides nursing care and health services, meals, transportation […]
On November 18, Erickson Retirement Communities – Riderwood staff attended the Wildlife Habitat Council (WHC) Annual Symposium at the Marriott Waterfront in Baltimore, Maryland, to receive its official Corporate Lands for Learning site certificate. This certification demonstrates that the employees and residents at this Erickson Retirement Community are committed to providing exemplary site-based conservation education […]
SeniorBridge, a leading provider of professional services for individuals and families requiring care for chronic health conditions at home, is now able to provide high-quality care management services from coast to coast. Through the acquisition of Rona Bartlestone Home Healthcare, a licensed homecare agency located in Ft. Lauderdale, Florida, SeniorBridge now has a national geriatric […]
HCP (the “Company” or “we”) (NYSE:HCP) announced results for the quarter ended September 30, 2008 a few weeks ago and it’s net income applicable to common shares for the quarter ended September 30, 2008 was $120.1 million, or $0.49 per diluted share of common stock, compared to net income applicable to common shares of $316.9 […]
Dahlin Group Architecture Planning announces top honors for innovative senior housing design in The Green House(R) Design Charrette, sponsored by the Ideas Institute of Kirtland, Ohio. The American Association of Homes and Services for the Aging (AAHSA) hosted the awards as part of its annual conference, held in mid October in Philadelphia. The Green House […]
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