Collaboration between senior living operators and the Veterans Administration is necessary to prevent the financial exploitation of elderly veterans, a leading provider group said Wednesday.
Real estate investment trust (REIT) Ventas Inc. on Monday said it is acquiring the real estate interests in 58 private senior living communities from Sunrise Senior Living Inc.
The Five-Star Quality Rating System devised by the Centers for Medicare & Medicaid Services bears little relation to the actual views of residents, family members and staff at the facilities it ranks, according to a new study.
The sale of Erickson Retirement Communities LLC, which manages 19 full-service campus-style communities, to Redwood Capital Investments, has been completed, the senior living provider disclosed Monday. The company also has emerged from Chapter 11 bankruptcy, it said.
Senior living and Alzheimer’s care provider Emeritus Corp. disclosed Tuesday it has entered into a joint venture agreement to acquire 134 senior living communities. The deal is valued at $1.15 billion.
The Evangelical Lutheran Good Samaritan Society continues to top the list of the largest not-for-profit senior living sites in the United States. That is according to the 2009 AAHSA Ziegler 100, a report released by the American Association of Homes and Services for the Aging and Ziegler Senior Living Finance.
