The Buckingham, a Senior Quality Lifestyles Corporation, recently gained more financing for a renovation.
How can we help much-needed affordable long-term care models reach scale as demand spikes and traditional subsidy programs struggle to keep pace? While there are many correct answers to this question, greater access to affordable lending specifically designed to support expansion and innovation is one of the top answers.
Demand for nursing home services is strong and will increase, but operating a nursing home is extremely difficult, especially from a financial perspective. Keeping clear of financial problems - and staying in business - is challenging.
OnShift has closed $7 million in Series C financing, the company announced Tuesday.
When the federal Commission on Long-term Care issued its report last month, there was a sense of déjà vu all over again. Sixteen years ago, in New York State, we were staff person and task force member, respectively, for New York's Task Force on Long-term care Financing. Despite the passage of time, there were some interesting similarities between the federal Commission and the New York State Task Force -- these included the compressed time frame for deliberations and the issuance of dissenting reports.
Vice President Heidi Brunet worked with borrower Smith/Packett to secure the 10-year, fixed-rate financing.
I remember the day I got "the call." With years of experience in aging and long-term care, I found myself confused, overwhelmed and without easy access to all the right papers for my parents. Just like anybody else in that situation.