February 29, 2012
Intensive lobbying paid off for assisted living groups vying for inclusion in the national Alzheimer's taskforce plan. The most recent taskforce plan includes assisted living in its strategy to assess and address the housing needs of those with Alzheimer's disease.
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.
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.
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.
An Illinois-based company has kicked off a multi-state project designed to help predict falls among assisted living and skilled nursing facility residents.
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.
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.
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.
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).
More than four days after a massive ice storm devastated much of the Northeast, nursing homes have emerged from the disaster relatively unscathed.
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.
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.
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 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.
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 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.
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.
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.
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.
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 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.
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 Corp., the second-largest assisted living operator in the United States, has announced it will purchase 29 communities, comprising more than 2,200 units.
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.
Senior housing stocks took a small tumble on Friday due in part to the steady decline of the residential market.
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.
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.
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.
April 01, 2008
Stephen McConnell, VP for advocacy and public policy, Alzheimer's Association
