News

In the Pipeline: Senior Housing Construction Projects



June 4, 2015, Jason Oliva, Senior Housing News -
Construction: Planned - Dallas CCRC Plans $36 Million Expansion - Edgemere, a continuing care retirement community (CCRC) in Dallas, will soon begin a large-scale expansion and renovation project to address the growing…

GE Capital Healthcare Up for Sale, Valued at $11 Billion



June 4, 2015, Cassandra Dowell, Senior Housing News
- General Electric Co. is reaching out to potential buyers of GE Capital Healthcare Financial Services, which lends to senior housing among other health care companies. The company is valued at between $10 and $11 billion, according…

Senate Committee Approves RAC Overhaul Bill



June 4, 2015, Emily Mongan, McKnights
- The Senate Finance Committee has approved legislation aimed at changing how improper Medicare payments are handled by Recovery…

OIG Recovers $1.8B From Providers



June 3, 2015, Holly Petrovich, McKnights
- The federal government recovered $1.8 billion from healthcare providers and programs in the first six months of fiscal 2015, a federal watchdog has revealed. Of the recoveries, $544.7 million was from audit receivables and $1.3 billion…

Weak Occupancy, Absorption Rates Fuel Development Concerns



June 3, 2015, Emily Study, Senior Housing News - The first quarter of 2015 was marked by weak absorption and falling occupancy levels for senior housing properties, fueling the industry's concern that some markets are overheating. Among those underperforming amrkets are Houston,…

Supreme Court Declines Review of Nursing Home Arbitration Case



June 2, 2015, Emily Mongan, McKnights - The U.S. Supreme Court has declined to review a decision by the Oklahoma Supreme Court regarding whether or not an arbitration agreement…

Moving the Needle: REITs Adapt to New Senior Housing Era



May 31, 2015, Emily Study, Senior Housing News - Senior housing and care has attracted a growing amount of interest among investors who are are eager to capitalize on the industry's favorable market fundamentals. Some of the top investors, health care real estate investment trusts…

CMS Showing Confidence in Managed Care Plans' Fraud-Prevention Efforts



May 31, 2015, John Hall, McKnights - Medicaid managed care plans would be limited to fraud prevention expenditures of 0.5% of premium revenue when calculating medical loss ratios, signaling high confidence from federal regulators that such plans are already performing well with…

Watercrest Senior Living Group Celebrates Groundbreaking of Senior Living Community



May 28, 2015, MultifamilyBiz.com - Watercrest Senior Living Group and development partner, Starling Senior Living celebrated the official groundbreaking of Watercrest of San Jose Assisted Living and Memory Care Community in Jacksonville, Florida. The 79,000 square foot, 90 unit…

What the Reinvented SNF Means for Senior Living



May 28, 2015, Jason Oliva, Senior Housing News - Every industry is susceptible to change. But in senior living, no sector needs an overhaul more than skilled nursing, both from a construction and culture standpoint, says one chief executive officer. As…