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...
More transparent market data needed for seniors housing, expert says
Sep 12, 2008
The seniors housing and care sector has made noticeable progress towards developing transparent data, but it still lags behind other real estate classes, according to one of the nation’s most renowned...
Private equity firms do not affect nursing home quality of care, Harvard study finds
Sep 11, 2008
A year after a news report uncovered resident care and ownership problems at privately held nursing homes, a new report from Harvard Medical School finds the opposite: Quality at nursing homes does not...
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...
Survey: Assisted-living costs soar 13%, while nursing-home care rises 7% in two-year period
Aug 20, 2008
Assisted living facilities are charging an average of 13% more than two years ago, while nursing home operators have hiked prices 7% over the same time span, according to a new nationwide survey.
Sunrise posts loss of $70 million in 2007, rethinks growth plans
Aug 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.
Private firm completes purchase of Covenant Care
Jul 23, 2008
Centre Partners, a private equity firm with offices on the East and West coasts, says that it has completed its purchase of Covenant Care, which runs 43 skilled-nursing facilities and residential-care...
Regulators: Provider gift cards to nursing home residents won’t draw fines
Jul 09, 2008
A healthcare system that proposes giving gift cards to residents and other customers it disappoints with poor service is on firm legal ground, federal regulators say.
Report: States expect Medicaid, budget hardships next year
Jul 02, 2008
The national economic downturn, combined with lower tax revenues and inflationary pressures, are painting a bleak picture for state budgets next year, according to a published report.
Massachusetts could go green with nursing homes, hospitals
Jun 16, 2008
Massachusetts may become the first state to require all newly constructed hospitals and nursing homes to be environmentally friendly, according to a news report.