A bill recently reintroduced in the U.S. Senate aims to make skilled nursing services more readily available for veterans of the military. Sens. John Hoeven (R-ND) and Mike Rounds (R-SD) on July 20 reintroduced the Veterans Access to Long Term Care and Health Services Act (S. 1611). The legislation would allow the Department of Veterans Affairs to […]
The total dollar value of nursing care properties that changed hands in the second quarter of 2017 fell slightly from previous quarters, according to preliminary data from the National Investment Center for Seniors Housing & Care (NIC). In total, $1.4 billion worth of senior care mergers and acquisitions occurred in the second quarter — with senior […]
Construction: Planned Trilogy Plans to Build SNF on Property Owned by Monastery in Indiana Trilogy Health Services is looking to open a skilled nursing facility on a plot of land owned by the Monastery Immaculate Conception in Ferdinand, Ind. The proposal calls for senior housing that would include skilled nursing, assisted living, and rehabilitation services, according to […]
It’s no secret that the skilled nursing industry has hit a rough spot, and that might be why some continuing care retirement communities (CCRCs) are beefing up their assisted and independent living wings. For example, skilled nursing occupancy is expected to fall even further than current levels, hitting 86.4% by the end of the year, according to […]
A group of skilled nursing properties that changed hands in a sizable transaction two years ago has seemingly fallen on hard times. Fortis Management Group announced on July 12 it filed for a receivership in an agreement with its landlords. The company operates 60 skilled nursing and five assisted and independent living facilities spread across Wisconsin, Michigan, Minnesota, Oregon, Idaho […]
Construction: Planned $20 Million Retirement Home Planned in Nebraska Vetter Health Services plans to build a $20 million retirement home in Kearney, Neb., reports the Kearney Hub, a local news site. The campus, dubbed Brookestone Gardens Retirement Campus, will house a 60-bed skilled nursing facility and 40 assisted-living apartments. Brookstone Gardens is currently scheduled to open in 2018. […]
While skilled nursing providers across the U.S. fret over potentially big Medicaid cuts, Louisiana SNFs can breathe slightly easier. That’s because nursing homes there are shielded against Medicaid budget cuts both by statutes and the state’s constitution, The Advocate of Baton Rouge, La. reported. Furthermore, Louisiana — which spent more than $1 billion on nursing homes this […]
Though many of the chief executives behind some of the biggest public skilled nursing companies in the U.S. made millions of dollars last year, some earned more than others. Company leaders at Quality Care Properties (NYSE: QCP), Kindred Healthcare (NYSE: KND), and Omega Healthcare Investors (NYSE: OHI) made the most in total compensation in 2016 — […]
Chief executives and financial managers who work in California’s skilled nursing industry make more per year than the national average for those professions, while general and operations managers earn less. That’s according to a sample from a newly launched National Investment Center for Seniors Housing & Care (NIC) MAP report that tracks metropolitan, state, and national employment and wage […]
Most states throughout the U.S. have reduced long-term nursing home stays for Medicare beneficiaries, though the numbers vary significantly. That’s according to a new “State Scorecard” report from AARP, the SCAN Foundation and Commonwealth Fund, which examined the factors that determine long-term care for seniors and people with disabilities. AARP released similar reports in 2011 and 2014. The […]
New technology and techniques could change the face of the senior care industry in the years to come. From utilizing futuristic tech to relieve caregiver shortages to redefining death itself, here are a few ideas on what the future might hold for aging, according to a Forbes article from Next Avenue, a publication for seniors. Five years from […]
Alzheimer’s disease patients are increasingly dying at home instead of at a hospital, senior living community or skilled nursing facility. That’s according to a new report from the Centers for Disease Control and Prevention (CDC) on deaths from Alzheimer’s disease. Alzheimer’s, a fatal form of dementia, is the sixth leading cause of death in the U.S. and accounted […]
It’s not Tim “The Tool Man” Taylor, but his wife, Jill, who would make a good care worker. That’s according to a new survey from Senior Helpers, one of the nation’s largest home care franchises, with 298 locations across the U.S. and over a dozen more abroad. The survey tracked responses from 1,000 adult children between the ages of 45 and […]
Social media, smartphone and internet usage is up among older adults. That’s according to a recently released report from Pew Research that surveyed more than 3,000 seniors between Sept. 29, 2016, and Nov. 6, 2016. About 42% of seniors ages 65 and older now say they own a smartphone, such as iPhone or Android devices. That’s up from just 18% […]
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