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CCRCs expected to experience big boom with incoming baby boomers

July 17, 2018  |  I Advance Senior Care
article

Continuing care retirement communities (CCRCs) are poised to attract a wide swath of older adults over the next decade, but that doesn’t mean there won’t be challenges or changes to the business model along the way.

Skilled nursing occupancy drops to 81.6%

June 18, 2018  |  I Advance Senior Care
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For the first time in six years, skilled nursing occupancy failed to increase between the fourth and first quarters as the numbers continued their grim march downward.

NYC focused on senior living with $500 million plan

June 14, 2018  |  I Advance Senior Care
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New York City has plans to build thousands of senior housing units on public land in an effort aimed at aiding the city’s low-income older adults.

Artis to branch out with new community near Chicago

June 12, 2018  |  I Advance Senior Care
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Artis is owned by the Bainum family, which got into the nursing home business in 1959. 

New care units slowest to fill, according to new study

June 8, 2018  |  I Advance Senior Care
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Despite a surprisingly high median occupancy number, the lease-up rate for nursing care units lags behind the other three key asset classes in the seniors housing and care space.

Eight Skyline facilities in Pennsylvania sold to new owners

May 31, 2018  |  I Advance Senior Care
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Temporary oversight of eight former Skyline Healthcare skilled nursing facilities in Pennsylvania has come to an end.

Brightview to begin construction on $64 million assisted living complex

May 17, 2018  |  I Advance Senior Care
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Developer and property operator Brightview Senior Living plans to build 154 units of senior and assisted living housing in Sayville on the corner of Broadway and Route 27.

Montana's booming senior population must be met with an increase in skilled care nursing homes

May 14, 2018  |  I Advance Senior Care
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Care facilities for the elderly, staffed with skilled medical technicians and trained nurses, will be in increasing demand in Montana as more and more Baby Boomers enter their golden years.

Minnesota senior living facility's quick closure sends residents in search of a new home

May 14, 2018  |  I Advance Senior Care
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With the sale of Earle Brown Terrace — a senior living facility — residents were notified May 1 that they had to be out by June 15.

Medicaid loss could cause 30,000 residents to be evicted in Louisiana

May 9, 2018  |  I Advance Senior Care
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Gov. John Bel Edwards' staff has planned a press conference Wednesday for more details, a day before the notices are set to be mailed to 37,000 Medicaid recipients in nursing homes or other long-term care facilities.

How skilled nursing facilities and their landlords can reconnect

May 8, 2018  |  I Advance Senior Care
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As multiple skilled nursing tenants struggle to pay their real estate investment trust (REIT) landlords, a Chicago-based real estate management company is looking to change the model of skilled nursing leases by getting its operators to see it as a partner...

Welltower, ProMedica to purchase HCR ManorCare

April 27, 2018  |  I Advance Senior Care
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ProMedica CEO Randy Oostra has long felt that his company needed to look outside its traditional footprint to keep pace with the evolving nature of healthcare.

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