Current News

Resources

New Survey Shows Seniors Misinformed on Affordable Care Act According to a new poll by the National Council on Aging (NCOA), most seniors are confused and unaware to important aspects of health reform, or the Affordable Care Act, including its impact on their own Medicare coverage, the growth of Medicare, and the budget deficit.  The survey asked adults 65 and older a series of [...] Thursday, July 29, 2010

Five Star Quality Care Q2 Revenues Higher, Occupancy Flat Five Star Quality Care, Inc. (NYSE Amex: FVE) announced its financial results this week for the quarter and six months ended June 30, 2010 that showed total revenues for the second quarter of 2010 increased 5.7% to $311.9 million from $295.0 million for the same period last year.  FVE’s net income for Q2 2010 was [...] Thursday, July 29, 2010

Movers and Shakers: People and Positions For July 30, 2010 End of July is already here…how the summer flies.  See this week’s high flyers on Movers and Shakers…let us know about the VIP’s on your staff, community and world.  Send us the details at movers-shakers@seniorhousingnews.com Amica CEO Nominated for E&Y Entrepenuer of the Year Samir Manji, Chairman, President and CEO of Amica Mature Lifestyles Inc. [...] Thursday, July 29, 2010

New Survey Shows Nursing Homes Are Getting Better Recommendations All Around Referrals are the best source of business and nursing homes are no different.  The 2009 National Survey of Consumer and Workforce Satisfaction in Nursing Homes, recently released by My Innerview, shows a majority (85%) of consumers (residents and their families) report their willingness to recommend their facility as either “excellent” or “good.” Sixty-eight percent (68%) [...] Wednesday, July 28, 2010

Technology Grants Announced For New Remote Monitoring Projects The Center for Technology and Aging recently announced that five organizations will receive grants for remote patient monitoring (RPM) technology projects that will demonstrate how RPM improves the quality and efficiency of chronic disease management and post-acute care of older adults.  The Center’s RPM initiative goals are to demonstrate that the technologies involved can reduce [...] Wednesday, July 28, 2010

Sun Healthcare Group, Inc. Reports Higher Q2 2010 Revenues Sun Healthcare Group, Inc. (NASDAQ: SUNH) announced its operating results for the second quarter ended June 30, 2010 that showed an increase in revenues of 1.3% compared to the same period in 2009.  The company posted second quarter net income of $9.97 million or $0.22 per share, compared to $10.1 million or $0.23 per share [...] Wednesday, July 28, 2010

Homeownership Rates Drop to Lowest Level Since 1999, Home Prices Up in May New data released by the U.S. Census Bureau shows that rental vacancy rates in the US remained nearly the same in the second quarter as compared to the same time period in 2009 at 10.6 percent.  As a further sign of the continuing shift in housing market, the homeownership rate of 66.9 percent was 0.5 [...] Tuesday, July 27, 2010

CBRE Announces Sale of Sunwest Affiliated Senior Housing Locations in Arizona and California CB Richard Ellis Senior Housing Services announced two senior housing transactions in June and July totaling $16 million that were sold by affiliated entities of Sunwest Management, Inc.  During the past two years, CBRE Senior Housing Services has represented Sunwest Management affiliates in the sale of 57 facilities.  Canyon Crest, a 132-unit senior housing community [...] Tuesday, July 27, 2010

Senior Housing Conference To Focus on Opportunities in Asia Think senior living is big in the United States?  Expand your horizons.  Senior housing is a world wide phenomenon and the Asia-Pacific rim has the largest concentration of the global aging population.  Retirement Communities World Asia is hosting a retirement property development and investment forum that brings together developers, healthcare operators, investors and industry specialists [...] Tuesday, July 27, 2010

The Waters Senior Living of Minnehaha Breaks Ground In Minnesota Last month, local community leaders in Minnesota celebrated the start of construction on the The Waters Senior Living of Minnehaha.  The new development is targeted for the underserved senior population of South Minneapolis that includes 77 assisted living and memory-care residential apartments and care suites. The $15-million, four story facility is being developed by The [...] Monday, July 26, 2010

CMS Nursing Home Pay Rates To Increase By 1.7% Rates are rising by 1.7% for nursing home payment rates according to a recent announcement by the Centers for Medicare & Medicaid Services (CMS) that will increase Medicare payments to nursing homes by an estimated $542 million during fiscal 2011.  The updates reflect the use of a market basket index reflecting changes in the prices [...] Monday, July 26, 2010

Senior Living Investment Brokerage Completes Florida and Washington Sales Senior Living Investment Brokerage recently announced the sale of two senior living facilities in Florida and in Washington state. The Tides, a former luxury hotel  located in Florida, was sold as an REO asset for the Private Bank for $4.5 million to a partnership between Senior Management Advisors  and ValStone Partners.  The partnership intends to [...] Monday, July 26, 2010

Sunrise Reaches Settlement on SEC Investigation Sunrise Senior Living, Inc. (NYSE: SRZ) announced last week that it has reached a settlement agreement with the U.S. Securities and Exchange Commission ("SEC") relating to the SEC’s investigation.  The complaint and investigation, previously disclosed by Sunrise, includes allegations with respect to the financial reporting from 2003 through 2005 relating to certain accrual and reserve [...] Sunday, July 25, 2010