Finance

Clare Oaks chooses Walker as CFO

Clare Oaks chooses Walker as CFO

Gigi Walker is the new chief financial officer at Clare Oaks, a continuing care retirement community in Bartlett, IL.

Saunders moves to PSA

Saunders moves to PSA

David Saunders II has joined PSA Insurance & Financial Services, Inc. in Baltimore as a senior investment consultant.

Senior living finance and strategy conference kicks off

The 2014 Ziegler Senior Living Finance + Strategy Conference takes place Wednesday through Friday and will focus on cutting-edge finance and strategic positioning trends affecting senior living providers. Targeted at CEOs, CFOs, key board members and institutional investors, credit enhancers, rating agency representatives and industry professionals, the event will be held at the Omni Grove Park Inn in Asheville, NC.

Daughtery named LaSalle Group director of finance

Daughtery named LaSalle Group director of finance

Sherry Daughtery has been named The LaSalle Group's new director of finance. Her primary focus will be to source debt and equity for new construction developments and to secure bridge and permanent financing for existing properties, as well as oversee a team of financial analysts.

Ziegler adds senior VP

Ziegler adds senior VP

Sarkis Garabedian has joined Ziegler Investment Banking as a senior vice president.

A nudge toward budgeting

A nudge toward budgeting

By

There is many a manager who has been told "work on the budget" and left to sink or swim. If that's different in your facility — that is, if each nurse manager is giving a course in the budgeting — I congratulate you. Otherwise, I have a helpful recommendation.

A nudge toward budgeting

A nudge toward budgeting

By

There is many a manager who has been told "work on the budget" and left to sink or swim. If that's different in your facility — that is, if each nurse manager is giving a course in the budgeting — I congratulate you. Otherwise, I have a helpful recommendation.

A nudge toward budgeting

A nudge toward budgeting

By

There is many a manager who has been told "work on the budget" and left to sink or swim. If that's different in your facility — that is, if each nurse manager is giving a course in the budgeting — I congratulate you. Otherwise, I have a helpful recommendation.

Thierry Amat is new CFO at Remedi SeniorCare

Thierry Amat has been named chief financial officer for Remedi SeniorCare, the pharmaceutical-services company announced. Amat will be responsible for numerous finance-related functions. These include accounting, financial planning and analysis, strategic sourcing, and treasury functions. "Thierry is a highly successful finance executive with a proven ability to improve operations, impact business growth and maximize profit and cash flow," said Remedi SeniorCare Chairman and CEO Michael Bronfeim.

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

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

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

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

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...

60 Seconds with...

Anne Tumlinson Analyst, Avalere Health Medicare cost survey

Economic stimulus package offers funds for IT, housing

Economic stimulus package offers funds for IT, housing

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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

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

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

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

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

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

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

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

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

New stimulus package proposals unveiled with Medicaid increases

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

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

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

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

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

California's budget crisis could affect nursing homes

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

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

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

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

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

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

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

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

Second economic stimulus package with Medicaid funding under discussion

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