News

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…

Prudential Acquires Seniors Portfolio in Tennessee, Connecticut for $110 Million



May 28, 2015, Haisten Willis, REBusinessOnline - Prudential Real Estate Investors (PREI) has acquired three assisted living and memory care communities in Tennessee and Connecticut for $110 million. Hearth Management, which previously owned the property through a joint venture…

CMS Issues Proposed Rule Addressing Managed Care Regulations



May 27, 2015, Narda Ipakchi, Long Term Care Leader
- The Centers for Medicare & Medicaid Services (CMS) issued a
proposed…

The Seniors Housing and Care Market Finds a Sweet Spot

May 27, 2015, Beth Burnham Mace, National Real Estate Investor - The seniors housing and care market is sizeable and growing. Defined as skilled nursing, independent living, assisted living and memory care units, the sector provides both housing and an array of services to…