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Finance

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.

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.

60 Seconds with...

March 01, 2009

Anne Tumlinson Analyst, Avalere Health Medicare cost survey

Economic stimulus package offers funds for IT, housing

Liza Berger March 01, 2009

The American Recovery and Reinvestment Act of 2009, which the president signed into law last month, provides desired funding for long-term care providers.

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.

Candidates, lawmakers vow healthcare reform will occur, despite financial upheaval

October 17, 2008

The current global financial crisis will not prevent the next Congress or president from making healthcare reforms, key leaders are saying.

Barrett, Walker: Don't depend on Washington for long-term care leadership

October 15, 2008

Two high-profile private sector leaders entreated long-term care providers Tuesday to take responsibility for technological and care delivery innovations.

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.

Nursing Home Transparency Act surfaces in House

October 02, 2008

U.S. Reps. Pete Stark (D-CA) and Jan Schakowsky (D-IL) recently introduced a new version of the Nursing Home Transparency and Quality of Care Act of 2008 to the House.

New stimulus package proposals unveiled with Medicaid increases

September 29, 2008

Democrats in the House and Senate last week released economic stimulus package proposals that would expand Medicaid funding to states.

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.

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.

Poll: Chronic disease a concern for Americans

September 05, 2008

Most Americans would approve of federal funding for chronic disease prevention programs--and would pay higher taxes for it, according to a new poll.

California's budget crisis could affect nursing homes

August 19, 2008

Nursing homes in the state are bracing for tough times as a budget crisis worsens.

Fall-prevention awareness can cut ER visits, save money, state finds

August 12, 2008

Fall-prevention education can help reduce the number of emergency-department visits and healthcare costs in Connecticut, a state-funded report found.

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.

Analysis: States' overspending could lead to budget cuts next year

August 04, 2008

The current economic downturn has most Americans clinging tight to their wallets. But a new analysis shows that state and local governments have increased spending, which could mean fiscal trouble in the near future.

President signs housing bill; low-income seniors housing gets a nudge

July 31, 2008

President Bush Wednesday signed into law a housing bill that will help more than 400,000 Americans keep their homes and help to stabilize the turbulent housing market. The legislation also will streamline the financing process for Section 202 housing projects.

Skyrocketing budget deficit may affect next president's healthcare plans

July 30, 2008

A soaring budget deficit could ultimately hurt future proposals for healthcare, a new report suggests.

New bill encourages health insurance co-ops for small businesses

July 25, 2008

A new bill introduced in Congress this week would help small businesses, including independent nursing homes and other healthcare providers, form health insurance cooperatives to provide their employees with affordable health insurance.

Second economic stimulus package with Medicaid funding under discussion

July 24, 2008

Rep. John Dingell (D-MI) this week touted a second possible stimulus package that would contain a temporary increase in Medicaid spending.

House committee approves bill for IT grant funding

July 24, 2008

A bill authorizing more than $560 million in grants and loans to encourage the use of electronic health records passed through the House Energy and Commerce Committee Wednesday.

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.

Congress likely to hold off on spending bills until end of Bush reign

July 11, 2008

Rather than wage a budgetary battle with a departing president, Senate Majority Leader Harry Reid (D-NV) said Thursday that the Democratically controlled Congress will likely wait "until Senator Obama becomes president" before passing any annual spending bills.

Washington gathering to focus on long-term care reform

July 10, 2008

The Brookings Institute will hold a briefing on the future of long-term care reform Friday morning, and the guest list includes some heavy hitters from inside the Beltway.

White House, providers spar over possible Medicaid cuts

John O'Connor June 01, 2008

Is sustained Medicaid funding an effective way to ensure the delivery of needed healthcare services to the poor, or a harmful drain on the U.S. Treasury?

Medicare cuts could be disastrous, study says

Liza Berger June 01, 2008

Nursing home providers have intensified lobbying efforts against a proposed regulation that would reduce Medicare outlays to skilled nursing facilities by $770 million in fiscal year 2009.

Hearing, GAO report delve into nursing homes' quality problems

May 19, 2008

The long-term care industry is still grappling with a House hearing criticizing nursing home quality and a report on problematic nursing home inspections that was released in conjunction with last Thursday's hearing.

Report: culture change in nursing homes good for business

May 19, 2008

Nursing homes that have adopted aspects of the culture change movement, or at least strive to, are more likely to see benefits in resident satisfaction, staff retention, higher occupancy rates and improved operational costs, according to a recently released survey of directors of nursing.