Appreciative residents give staff $435,000 holiday gift
Dec 08, 2008
How’s this for a Christmas bonus? Employees at a Maryland retirement community will collect more than $435,000 today–from their residents.
Major new Medicaid rule exempts nursing home residents
Dec 04, 2008
A major new Medicaid regulation gives states “unprecedented flexibility” in configuring their Medicaid programs. Exempted from the rule are nursing home residents, Medicare beneficiaries and...
Housing crisis hitting seniors, assisted living providers
Nov 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...
Sunrise plays defense as share price hits new low
Nov 21, 2008
Sunrise Senior Living Inc. took some defensive action to avert a potential takeover after its stock hit a new low this week, plummeting to $0.38 per share, a news report said.
More U.S. seniors enjoying golden years south of border
Nov 18, 2008
A burgeoning market for assisted living and senior living facilities in Mexico is drawing retirement-age baby boomers, according to The Dallas Morning News.
Sunrise loses nearly $69 million in third quarter
Nov 10, 2008
Sunrise Senior Living Inc., the largest assisted living chain in the United States, lost nearly $69 million in the third quarter of 2008. That reportedly is the company’s worst loss in eight years.
AAHSA expert: Bailout package should provide stability for seniors housing market
Oct 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...
Occupancy rate stays stable for skilled nursing, drops for assisted living
Sep 12, 2008
The average skilled nursing occupancy rate held steady, while rates for assisted living and independent living fell noticeably. That is according to the National Investment Center for the Seniors Housing...
Sunrise-managed facilities switch hands in $643 million deal
Sep 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...
Five Star sues Sunrise over insurance charges
Aug 12, 2008
Senior-living provider Five Star Quality Care Inc. has filed a lawsuit against Sunrise Senior Living Inc., the largest assisted-living company in the United States, over alleged excess insurance charges.