The audience member had a question that in previous years would have been found at the corner of Blasphemy and Crazytalk. She wanted to know whether it would be advisable to drop skilled care from her nonprofit organization's portfolio. Not too long ago, that might have been like Toyota asking if it should make cars without seats.
Skilled nursing operators and the senior living sector as a whole are benefiting from improving economic conditions and "healthy demand," according to a new report from California-based commercial real estate brokerage Marcus & Millichap.
Earning more than the cost of capital is not unreasonable and can generally be accomplished without taking extraordinary risks, but New York is hamstrung by investment restrictions. Investment returns are important to the financial health of a CCRC and can help minimize fee increases for residents.
Lancaster Pollard, a provider of financing solutions for healthcare, senior living and housing organizations in Columbus, OH, recently closed four separate deals.
Ohio Presbyterian Retirement Services has acquired The Sarah Moore Health Care Center Inc., a 32-bed skilled nursing facility in Delaware, OH.
Continuing care retirement communities should ask residents about their health plans twice a year, to keep tabs on the increasing number of seniors being shifted into Medicare Advantage, an expert told an audience of long-term care professionals in Chicago Wednesday.
Assisted living continues to boom in the seniors housing market, but caution is needed as more units are slated to open in mid-2014, said experts Thursday at the annual meeting of the National Investment Center for the Seniors Housing & Care Industry.
The deadline for entering the McKnight's Excellence in Technology Awards has been extended to July 31. The awards are open at no cost to skilled nursing and assisted living operators, and CCRCs. Winners will receive acknowledgement in the print and digital editions of McKnight's.
The occupancy rate for nursing homes was steady at 82% between 2000 and 2011, according to the most recent national health report from the Centers for Disease Control and Prevention. The number of Medicare-certified SNFs increased between 2000 and 2010.
Given many states' attempts to rein in Medicaid spending, and ongoing troubles in the housing market, long-term care operators are starting to consider new approaches to protect their margins, according to the "Senior Housing Research Report" from Marcus & Millichap.