More than one-third (35%) of U.S. adults do “not know” how they view the aging services sector. That’s according to recently released findings from a national public opinion survey conducted by LeadingAge. “These numbers suggest the sector does not face an extreme public perception crisis — but there is a real need and opportunity to […]
InnovAge
When the White House released its $2 trillion infrastructure plan on March 31, I thought the news could not have come at a better time for one company: InnovAge. Denver-based InnovAge is the largest provider of the Program of All-Inclusive Care for the Elderly (PACE), and last month executed a $350 million initial public offering […]
InnovAge (Nasdaq: INNV), which serves about 6,600 older adults through the Program of All-Inclusive Care for the Elderly (PACE), executed a $350 million initial public offering (IPO) on March 4. The Denver-based company is the largest PACE provider in the United States and has taken an out-of-the-box approach to the program through moves such as […]
NHI Exercises Purchase Option to Acquire Five Senior Living Communities Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) has exercised a purchase option to acquire five assisted living and memory care facilities owned and operated by Bickford Senior Living for the purchase price of $87.5 million. The facilities have a total of 277 […]
Build it and they will come. At least that’s the philosophy of Maureen Hewitt, president and CEO of InnovAge, a nonprofit that offers affordable senior care solutions. “While building apartments designed for seniors is a step in the right direction, we’re learning they can’t be built fast enough to meet the demand,” she writes in […]
Construction: Planned Granger Group Plans $25 Million Senior Living Community The Granger Group, a real estate developer based in Wyoming, Michicgan, announced it will build a $25 million, 130-unit senior living community on the campus of Metro Health Village, reports MLive. Plans for the four-story building include 70 independent living units, 40 assisted living and […]
Home- and community-based senior living options are a focal point of the Long-Term Care Commission’s final report to Congress. Not included in the report: a comprehensive solution for how a rapidly aging population will pay for assisted living, home care, and other types of care that are generally privately funded. Consumer choice and returning seniors to […]
Washington Trust Finances $5 Million ALF Washington Trust’s Commercial Real Estate Group provided $5,000,000 in construction financing to Scandinavian Home, Inc. for a 2,000 square feet addition to an assisted living facility in Cranston, RI as well as renovations to existing facilities. Founded in 1930, Scandinavian Home is a non-profit community located in the Edgewood […]
A partnership between U.S. Bank and a Colorado nonprofit developer has paved the way for the construction of affordable senior housing apartments in the Denver area. U.S. Bank and InnovAge, a nonprofit organization serving Colorado’s aging population, announced yesterday that they have closed on a $22.4 million financing package that will create InnovAge Senior Housing-Thornton, […]