News

Senior Living Execs Prepare For Huge Boomer Wave Ahead

March 19, 2017, Elizabeth Ecker, Senior Housing News - While senior living businesses across the country are thriving in many markets, the boom is yet to come, executives of multi-site providers say.  And addressing that boom will be a challenge.  That was the message among CEOs who spoke…

Assisted Living Acquisition In Acworth

March 17, 2017, Steve Monroe, Senior Care Investor - An undisclosed institutional buyer purchased a 92-unit assisted living/memory care community in Acworth, Georgia, with the help of an acquisition loan arranged by Aron Will of CBRE. A life insurance company provided the…

Monday Jump-Start: Don’t Count On REITs Buying Brookdale

March 17, 2017, Mary Kayte Nelson, Senior Housing News - Happy Monday!  It’s an exhausting time—March Madness is in full swing, and seemingly everyone in Chicago is recovering from week-long St. Patrick’s Day celebrations.  Before we descend into even more March Madness, here’s a recap of…

Koelsch Communities Expands Relationship With Ventas

March 10, 2017, Steve Monroe, Senior Care Investor - Since its start in 1958, Olympia, Washington-based Koelsch Communities has grown its portfolio to 22 communities located in seven states. The company is also ratcheting up its expansion efforts in the next couple of years,…

Buying In Burbank

March 10, 2017, Steve Monroe, Senior Care Investor - It may have seen better days, but a skilled nursing facility in Burbank, Illinois sold to a pair of Chicago-based companies for $7.25 million, or $44,500 per bed. The 163-bed facility was sold by a New York-based owner of more than 180…

Lawmakers Reintroduce Bill To Ensure Observation Stays Count Toward SNF Coverage

March 10, 2017, Emily Mongan, McKnight's Long-Term Care News - A bipartisan group of lawmakers reintroduced a bill on Wednesday that would requires days spent by hospital patients in observation status count toward the three-day inpatient requirement for skilled nursing coverage.

AMDA delegates To Ponder Integrated Care Model For Assisted Living

March 9, 2017, Lois Bowers, McKnight's Senior Living - A resolution calling for AMDA – The Society for Post-Acute and Long-Term Care Medicine to promote and advocate for an integrated care model in assisted living will be one of nine under consideration by the organization's delegates…

Rent Discounts Reflect Challenges Facing Assisted Living

March 9, 2017, Tim Mullaney, Senior Housing News - It’s no secret that senior living providers sometimes give new residents a break on the rent for some period of time. As 2016 came to a close, new assisted living residents were paying a rate that was 10.7% lower than what communities initially…

Obamacare Repeal Bill Moves Forward In House Despite Acrimonious Hearing

March 9, 2017, Virgil Dickson & Harris Meyer, Modern Healthcare - House Republicans managed to move their bill repealing and replacing the Affordable Care Act out of a committee early Thursday morning, despite increasing dissent from Democrats and the healthcare industry.

ACA Repeal Bill Would Cap Medicaid Payments Below Actual Costs

March 8, 2017, Harris Meyer, Modern Healthcare - The long awaited House Republican proposal to revamp Medicaid financing would shrink federal payments to the states significantly over time, increase the uninsured rate and boost uncompensated care costs, several experts say.