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Assisted Living Communities

ALFA members see bright light at end of dark economic tunnel

May 11, 2009

Senior living executives at a recent gathering of the Assisted Living Federation of America expressed their confidence in the strength of the industry, despite the current economic hardships facing other business sectors.

New survey shows nursing home room rates rising steadily across country

May 01, 2009

Nursing home care and assisted living care are more affordable in the Midwest than in the Northeast or West. Meanwhile, long-term care in Alaska remains the most expensive in the country, according to the results of the 2009 Cost of Care Survey from Genworth Financial.

Credit crisis affected seniors housing in 2008 fourth quarter, NIC reports

April 01, 2009

Transaction volumes fell and capitalization rates rose in seniors housing and care in the fourth quarter of last year, according to a new report from the National Investment Center for the Seniors Housing & Care Industry. They are signs of the credit crisis, the organization said.

Group launches project to predict, prevent falls in nursing homes

March 27, 2009

An Illinois-based company has kicked off a multi-state project designed to help predict falls among assisted living and skilled nursing facility residents.

DAY ONE: McKnight's third annual Online Expo to kick off with webcasts on technology, wound care and payment

March 25, 2009

The third annual online trade show for the long-term care field starts today with a whole range of educational webcasts and virtual vendor booths. It's not too late to register for the two-day event at www.mcknights.com/expo.

Average per-bed prices for skilled nursing, assisted living facilities sink in 2008

March 13, 2009

After hitting record prices in 2007, the average price paid per bed for skilled nursing facilities fell by 18% to $45,500 in 2008, a new report by Irving Levin Associates Inc. found.

Assisted living DONs receive pay bump in 2008, CNA turnover rates hold steady

January 30, 2009

Directors of nursing at assisted living facilities saw a slight pay increase in the last year. Their national average salaries rose to $60,000 in 2008 from $59,627 in 2007, according to the eleventh annual 2008-2009 Assisted Living Salary & Benefits Report.

Financial crisis hurting seniors housing market, NIC reports

January 28, 2009

Loan performance and capitalization rates in the senior housing sector are beginning to feel the pinch of the nation's credit crunch, according to a new market analysis released Tuesday by the National Investment Center for the Seniors Housing & Care Industry (NIC).

New England nursing homes well-equipped for ice storm

December 16, 2008

More than four days after a massive ice storm devastated much of the Northeast, nursing homes have emerged from the disaster relatively unscathed.

Appreciative residents give staff $435,000 holiday gift

December 08, 2008

How's this for a Christmas bonus? Employees at a Maryland retirement community will collect more than $435,000 today--from their residents.

Major new Medicaid rule exempts nursing home residents

December 04, 2008

A major new Medicaid regulation gives states "unprecedented flexibility" in configuring their Medicaid programs. Exempted from the rule are nursing home residents, Medicare beneficiaries and medically frail individuals who have freedom of choice in participating in new coverage offerings.

Housing crisis hitting seniors, assisted living providers

November 25, 2008

Seniors who can't sell their homes due to the housing and financial crises are feeling trapped because they cannot afford to move into assisted living or retirement communities, according to a news report.

Sunrise plays defense as share price hits new low

November 21, 2008

Sunrise Senior Living Inc. took some defensive action to avert a potential takeover after its stock hit a new low this week, plummeting to $0.38 per share, a news report said.

More U.S. seniors enjoying golden years south of border

November 18, 2008

A burgeoning market for assisted living and senior living facilities in Mexico is drawing retirement-age baby boomers, according to The Dallas Morning News.

Sunrise loses nearly $69 million in third quarter

November 10, 2008

Sunrise Senior Living Inc., the largest assisted living chain in the United States, lost nearly $69 million in the third quarter of 2008. That reportedly is the company's worst loss in eight years.

AAHSA expert: Bailout package should provide stability for seniors housing market

October 06, 2008

The controversial $700 billion bailout plan signed by the president last week is likely to have a positive effect on long-term care housing, according to an expert from the American Association of Homes and Services for the Aging.

Occupancy rate stays stable for skilled nursing, drops for assisted living

September 12, 2008

The average skilled nursing occupancy rate held steady, while rates for assisted living and independent living fell noticeably. That is according to the National Investment Center for the Seniors Housing and Care Industry's Market Area Profiles (NIC MAP) statistics released Thursday.

Sunrise-managed facilities switch hands in $643 million deal

September 08, 2008

Arcapita Inc., an international real estate investment firm based in Bahrain, sold its stake in 29 facilities managed by Sunrise Senior Living Inc. to Ohio-based Health Care REIT inc., a real estate investment trust with 635 properties nationwide.

Five Star sues Sunrise over insurance charges

August 12, 2008

Senior-living provider Five Star Quality Care Inc. has filed a lawsuit against Sunrise Senior Living Inc., the largest assisted-living company in the United States, over alleged excess insurance charges.

Sunrise posts loss of $70 million in 2007, rethinks growth plans

August 07, 2008

Sunrise Senior Living Inc., a major assisted-living player in the United States, lost more than $70 million last year, and disclosed it would reduce the number of units in its development pipeline.

NIC: Financing in seniors housing falls in first quarter

July 22, 2008

The amount of financing placed in seniors housing dropped by a precipitous 60% in the first quarter of 2008, according to data released this month from the National Investment Center for the Seniors Housing and Care Industry. That could lead to an easing up on new development.

Emeritus pushes assisted-living purchases to $1.5 billion over last 18 months

June 11, 2008

Emeritus Corp., the second-largest assisted living operator in the United States, has announced it will purchase 29 communities, comprising more than 2,200 units.

Deteriorating health top reason to leave home, seniors say

May 29, 2008

Half of all seniors cited deteriorating health as the number one reason they would leave their homes, while nearly one in four said they would move due to a desire to live in seniors housing, according to a newly released Special Issue Brief from the American Seniors Housing Association.

Poor housing market affects assisted living sector

May 13, 2008

Senior housing stocks took a small tumble on Friday due in part to the steady decline of the residential market.

60 Seconds with...

May 01, 2008

Anna Ortigara, Communications director, Green House® Project

Poll: Americans expect family members to enter senior living facilities

April 25, 2008

A total of 84% of Americans over the age of 50 expect an immediate family member to move into a senior living community within the next 10 years, a new poll found.

Residents may be eligible for $300 tax rebate

April 08, 2008

The federal government may owe nursing home and assisted living residents some extra spending money, thanks to President Bush's Economic Stimulus Package.

Racial disparity apparent in long-term care

April 03, 2008

A "resegregation of sorts" is occurring in the world of eldercare, according to a news report. Elderly black people increasingly are likely to be in nursing homes while older whites more often reside in assisted living facilities.

60 Seconds with...

April 01, 2008

Stephen McConnell, VP for advocacy and public policy, Alzheimer's Association

One in eight boomers to develop Alzheimer's

March 20, 2008

Approximately one out of every eight baby boomers in the United States - or roughly 10 million people - will develop Alzheimer's disease, says a new report from the Alzheimer's Association.