Senior Living Prepares for Next Big Wave of Consolidation

Serving the nation’s growing aging population could lead to widespread consolidation among senior living operators striving to provide services under healthcare reform, according to experts attending Senior Housing News’ 2013 Summit in Chicago on Thursday. An important factor has been development relating to RIDEA, which has been a “tremendous game-changer” for operators, according to Dan […]

LCS, Private Equity Firm Plan New $160 Million CCRC

A joint venture between an established senior living developer and operator and a private equity firm currently has two continuing care retirement communities (CCRCs) in pre-development with plans to expand a third at a time when activity in the sector has been largely halted related to the availability of financing. LCS-Westminster, a partnership between Des […]

LCS Partners with CareSouth to Expand Home Healthcare Business

LCS and home health services provider CareSouth recently announced a joint venture partnership called Health at Home, An LCS Company. CareSouth will manage the operations of the 17 existing Health at Home locations in 11 states, which currently serve more than 1,400 clients.  “We sought out a partner with similar values to better position our home […]

Medications Changing Assisted Living from Hospitality to Nursing

Assisted living residents have always used pharmacies, but with acuity levels rising across the industry, the need for better integration has reached its boiling point. Des Moines, Iowa-based Life Care Services, an LCS Company that manages senior living communities, agrees that rising acuity levels in senior living makes managing residents’ medications even more important. “It’s […]

In the Pipeline: Senior Housing Construction Projects (1/30/13)

Construction: Planned Trilogy Health Services, Silvercrest Plan $20 Million Indiana Project Trilogy Health Services LLC is partnering with real estate developer Matt Chalfant, dba Silvercrest LLC, in a previously announced project to convert the former Silvercrest Children’s Development Center into a senior living complex. The project, located in New Albany, Indiana, would reportedly cost about […]

In the Pipeline: Senior Housing Construction Projects (1/9/13)

Construction: Planned Lutheran Senior Services Plans $7 Million Expansion Project Lutheran Senior Services is planning a $7 million expansion to its Meramec Bluffs senior living community in Ballwin, Mo. and has hired St. Louis-based general contractor Paric for the project.  The expansion will add 31 skilled nursing beds to bring the community’s total to 119 […]

Senior Care Technology: 2012 in Review

Looking back on 2012 senior-care related technology news, the biggest trends have to do with a federally-backed shift to electronic health and medical records and providers utilizing technology to improve their position in the care spectrum as hospitals start forming post-acute care relationships.  The continued emergence of remote monitoring and emergency alert systems that facilitate independent […]

LCS Acquires Equity Stake in Senior Living Portfolio JV with Harrison Street

LCS recently entered a joint venture partnership with Chicago-based investment firm Harrison Street Real Estate Capital to acquire an equity position in nine senior living communities in the greater Minneapolis region of Minnesota. The market-rate rental communities have a total 1,166 residential units. Two of the properties are independent living communities, and the remaining seven […]

LCS Partners with Mainstreet Property Group to Own, Operate Senior Living Communities

Senior lifestyle services provider LCS recently entered into a joint venture agreement with Mainstreet Property Group, LLC, based in Cicero, Ind. to own and operate the first of several skilled nursing, short-term rehabilitation, and assisted living communities. Mainstreet will act as the real estate owner and developer, and already has 13 similar communities currently in […]