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Capital

McKnight's Online Expo, a valuable learning opportunity

Liza Berger March 11, 2010

Hungry for information? We thought so. That's why we're offering our fourth annual online expo later this month.

McKnight's to hold fourth annual Online Expo next month

February 08, 2010

Healthcare reform has been a big topic this year. But not everything demands reform. That could certainly be said for the McKnight's Online Expo.

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.

Weak economy forces nursing homes to freeze jobs, delay infrastructure projects, study finds

April 30, 2009

A new study finds that difficult economic conditions are restricting nursing homes' access to capital. As a result, facilities are renegotiating supplier contracts, freezing jobs and holding off on wage increases, and delaying infrastructure projects.

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.

DAY 2: Last day of McKnight's Online Expo to feature webcasts on marketplace, and Medicare and Medicaid

March 26, 2009

President Barack Obama in a press conference Tuesday night argued that the only way to balance the budget is to address the nation's rising healthcare costs. Medicare and Medicaid, the big government payers of long-term care, and the housing market will be the subjects of McKnight's Online Expo on its final day today.

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.

New bills would provide nursing homes with funding for disaster relief and sprinkler systems

March 25, 2009

One new federal bill would expand the scope of disaster relief to include for-profit nursing homes, while another would help fund the installation of sprinkler systems.

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 management firm charged with $300 million fraud

March 04, 2009

Sunwest Management, a national assisted living management firm, has been accused of defrauding investors out of roughly $300 million in a Ponzi scheme, according to recent reports.

Funding issues hit the spotlight as nursing home advocates gear up for Aging Committee hearing

March 03, 2009

The Senate Special Committee on Aging will convene tomorrow to discuss the inclusion of improvements to long-term care as part of overarching national healthcare reform.

Sunrise Senior Living officials warn of cash shortage

March 03, 2009

After heavier than expected losses in the fourth quarter of 2008, Sunrise Senior Living has hinted that it could be forced to file for bankruptcy by the end of the month.

McKnight's Online Expo offers free continuing education units for the first time

James Berklan March 01, 2009

In this down-turned economy, when most things seem to be getting more difficult to accomplish or acquire, there is one high-quality endeavor bucking the trend: McKnight's Online Expo.

Senate expected to vote on economic stimulus package today

February 10, 2009

Senate leaders have scheduled a vote on the economic stimulus package today. It follows weeks of hard-fought negotiations and compromises between the parties.

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).

Nursing home groups offer solutions for U.S. economic recovery

January 23, 2009

Expanding its labor pool and accessing capital to fund construction projects are two ways the long-term care field can stimulate U.S. economic recovery, the American Health Care Association and the Alliance for Quality Nursing Home Care said Thursday.

Erickson to cut more than 250 jobs as a result of market upheaval

January 09, 2009

Erickson Retirement Communities, a major developer of continuing care retirement communities, will eliminate more than 250 full- and part-time positions in reaction to turmoil in the financial markets, the company said Thursday.

Economic initiatives may precede healthcare reform when Obama takes office, experts say

November 06, 2008

President-elect Barack Obama has laid out ambitious proposals in the area of healthcare reform. But such reform initially might be put on the back burner because of pressing economic concerns, industry observers say.

Nursing home, therapy executives: Invest in information technology

October 08, 2008

Nursing home providers would be wise to pump money into information technology to create more efficient, profitable businesses, panelists asserted Tuesday at a CEO round table discussion at the annual meeting of the National Association for the Support of Long Term Care (NASL) in Nashville.

Yarwood: U.S. must stabilize economy to preserve long-term care, retirement accounts

September 26, 2008

Congress was attempting to hammer out an agreement Wednesday on a $700 bailout package for the unstable financial sector. Such action is good news for long-term care and seniors' retirement accounts, according to Bruce Yarwood, president of the American Health Care Association.

More transparent market data needed for seniors housing, expert says

September 12, 2008

The seniors housing and care sector has made noticeable progress towards developing transparent data, but it still lags behind other real estate classes, according to one of the nation's most renowned real estate experts.

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.

Private equity firms do not affect nursing home quality of care, Harvard study finds

September 11, 2008

A year after a news report uncovered resident care and ownership problems at privately held nursing homes, a new report from Harvard Medical School finds the opposite: Quality at nursing homes does not suffer, and, in certain cases, may even improve under private-equity ownership.

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.

60 Seconds with...

April 01, 2008

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

Senior living property prices hit record high

March 12, 2008

For the second year in a row, the average price paid per bed for skilled nursing facilities hit a new record in 2007. The average of $55,200 was 6% higher compared with the year before and 75% more than the notable low of 2003, according to analysis results from research firm Irving Levin Associates.