Genworth To Be Acquired for $2.7 Billion Genworth Financial (NYSE: GNW) has entered into an agreement to be acquired by a China-based investment company, China Oceanwide Holdings Group Co., for $2.7 billion. China Oceanwide has agreed to buy Genworth for $5.43 per share in cash. Genworth is a Fortune 500 company and a major provider […]
Genworth Financial
This week, Senior Housing News readers wanted to know how the Brexit vote will impact the U.S. senior housing industry and where assisted living is the priciest nationwide. Readers were also keen to learn more about Google Capital’s $46 million investment in Care.com and a wildly successful intergenerational summer camp at a continuing care retirement […]
Depending on where you live in the United States, you could wind up paying significantly more or drastically less for senior care. Now, there’s data that indicates just how much more someone in Washington, D.C., and other expensive markets can expect to pay on an annual basis, compared with someone in Missouri or another more […]
Residing in an assisted living facility can cost a substantial sum, but rates remained steadier for assisted living than other levels of care between 2015 and 2016, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median costs for a one-bedroom unit in a private-pay assisted living community […]
With a design concept embracing the vision of “granny pods,” a New York home builder is launching an elder cottage concept envisioned as a solution to more affordable post-acute senior care. The average costs of assisted living and nursing home care have increased steadily in recent years, according to the Genworth 2013 Cost of Care […]
Premium hikes on long-term care insurance policies are being planned by two of the industry’s largest players, but both stated their intentions to strengthen their positions and remain in the industry. Both John Hancock Life Insurance Co. and Genworth long-term policyholders should expect to see their premiums raised in 2014 following announcements made during third […]
The market for long term care insurance may present new opportunities on the horizon, with premiums bound to increase as fewer market participants and more potential beneficiaries enter. Long term care insurance is becoming more expensive as industry mainstays have recently stopped writing new policies, writes columnist Mark Miller in a Reuters column this week. With […]
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