Finance

Health Care REIT to buy Sunrise Senior Living

Health Care REIT announces its intent to buy Sunrise Senior Living, in the third major senior housing real estate deal this week. Read More »

Kindred buys IntegraCare; doubles its hospice and home care foothold in Texas

Kindred Healthcare invests deeply in the heart of Texas, announcing its agreement to purchase IntergraCare's Texas-based home care and hospice operations. Read More »

Nursing home cutbacks could tally $65 billion over next decade

The unfortunate overlap of multiple payment-reduction laws and regulations could add up to $65 billion less for skilled nursing home budgets over the next 10 years, according to nationwide data released today. Read More »

Nursing home employees see slight pay raises in 2012; turnover still a problem

Read about the regions and job titles that pay nursing home employees the most in the annual nursing home payscale survey, released this week. Read More »

AHIP: More companies choosing high-deductible health plans

A low-premium, high-deductible health plan used to be viewed as "the single consumer's plan." Now, high-deductible plans are a favorite of employers, especially for large-group coverage. Read More »

Prudential stops LTC group coverage sales

The market loses yet another provider of long-term care insurance group coverage as Prudential bows out of the difficult genre. Read More »

LeadingAge launches financial assessment and referral service

LeadingAge has started a financial and legal advice service for its not-for-profit members. Struggling facilities can request an assessment and receive advice from experts for free. Read More »

Liability reform, alternative dispute resolution can save SNFs a bundle in liability claims

State reform to limit medical liability claims and facility-based arbitration agreements can have huge impacts on long-term care’s finances, notes a study by ACHA/NCAL and Aon Global Risk Consulting. Read More »

Alaska leads the nation in nursing home costs

Where a consumer lives plays a large role in his or her financial planning for long-term care. Costs from the nursing home through the home care categories vary greatly, according to a national study. Read More »

New tool assesses financial impact of ICD-10 switch

The Health Information Management Systems Society (HIMSS) and technology company Jvion have developed an online tool to help facilities calculate the financial impacts of migrating to ICD-10. Read More »

Genesis HealthCare acquires Sun Healthcare for $217 million

Genesis HealthCare, one of the nation’s largest long-term care providers, buys Sun Healthcare Group to expand its services, geographic presence and grow business during these uncertain times in the healthcare industry. Read More »

AMA works with insurers to cut medical claim errors

Making the claims processing more efficient, leads to savings and allows physicians to spend more time on patient care and less on payment reconciliations. Read More »

U.S. healthcare spending to surge in 2014; overall spending to rise with or without the ACA, journal reports

A detailed economic forecast, released this week by Health Affairs, predicts national healthcare spending will experience “modest growth” during the next nine years, but will spike in 2014 when the Affordable Care Act (ACA) coverage expansions activate. Read More »

Nursing home profits soar in Q1 2012, yet many facilities provide “lousy” care

Strong revenues may please corporate shareholders, but CMS data shows that many nursing homes are providing substandard care for residents. Read More »

The world’s greatest senior housing dilemma

Yesterday’s article on the most exciting prospect in senior housing had been posted no longer than an hour before I started receiving emails and social media notifications from industry observers with stakes in China. Read More »

Senior living in a sandbox: The China investment

The Chinese government announced a target of adding 3.4 million senior housing beds by 2015, and has been inviting foreign investors and operators into the market to leverage their unparalleled expertise. Why this may be the opportunity of a lifetime for you and your peers to evolve senior living in previously impossible ways. Read More »

LTC providers key to making healthcare reform work

Senior living executives at Senior Living 100 shared ideas on new approaches to acuity adaptable spaces, models for differentiated care in assisted living and memory care, and innovative ways to appeal to consumers’ changing lifestyles and affinities. Read More »

LTC industry generates $259 billion in revenue during 2011

Overall long-term care revenues, which grew 31 percent between 2006 and 2011, are forecasted to reach $352.8 billion by 2016, according to the Kalorama Information report. Read More »

Nonprofit divestiture: Preparing for the sale

Anticipate many hoops and considerations, as the sale of a nonprofit senior living facility may be subject to approval by the state. This could be a formal process that is limited to the attorney general’s office or may result in recommendations to a court. Read More »

7 steps to divestiture every nonprofit should follow

How can a nonprofit go about finding an appropriate acquirer, either nonprofit or for-profit, and how can both parties come to a mutual understanding about the transaction and the future of the senior living property being sold? Start with these seven important steps to divestiture. Read More »

Brookdale tops list of nation’s largest senior living providers

ALFA’s annual list of the top 80 largest senior living providers reflects REIT-based acquisitions, higher absorption, major management deals and reduced construction activity. Read More »

Kindred reports 4Q loss, plans to release facilities

Kindred said it would not renew seven lease bundles containing 54 nursing and rehabilitation centers and 10 long-term acute care (LTAC) hospitals. Read More »

One-on-one with Thomas B. Gale

Where should for-profit borrowers look for capital in 2012? Is the HUD LEAN logjam breaking apart? Thomas B. Gale, vice president with Lancaster Pollard, touches on capital trends and more in this exclusive interview. Read More »

Poll: Most voters oppose reducing Medicare funding for SNF care

The Alliance for Quality Nursing Home Care, which announced the poll's findings, intends to broadcast the results “on Capitol Hill and in states across the nation.” Read More »

LTC mergers, acquisitions spike 39 percent in 2011

Long-term care merger and acquisition activity rose 39 percent in 2011, while total dollar volume in spending rose to $16.3 billion. Read More »

One-on-one with Craig T. Fukushima, NHA, Partner, The Fox Group

In this first of a regular monthly feature of conversations with LTC industry executives, Craig Fukushima of The Fox Group weighs in on the outlook for senior housing development, capital availability and the influence of baby boomers on senior care and marketing efforts. Read More »

Memory care drives long-term care development

LTC developers and operators gathered last Sunday to learn the latest business models, demographics and behavioral considerations for managing dementia, as well as to explore opportunities to expand or add memory care to their communities. Read More »

HHS rule on electronic funds transfers in healthcare to save $4.5 billion

New standards build upon regulations published earlier this year that set industry-wide standards for how health providers use electronic systems to determine a patient’s eligibility for health coverage and check on the status of a health claim. Read More »

10 top LTC news stories of 2011

This year, providers faced waves of regulatory, economic and societal challenges that tested their adaptability and fortitude. Read More »

Magic or mayhem: What’s ahead? Part 2

Editor's note: Last month, Long-Term Living readers were treated to five of Richard Peck's predictions for the industry in the coming years Read More »