A retirement community resident recently became part of history as one of the first people in the United States to receive a medical prescription by drone under a program approved by the Federal Aviation Administration.
Changing operators on a portfolio of seven assisted living communities is one of the ways that San Clemente, CA-based CareTrust REIT is working to “rinse out any real softness in the portfolio and position CareTrust for solid operating performance going into 2020 and beyond,” President and CEO Greg Stapley said Friday.
Nine months into the execution of Capital Senior Living’s SING strategy — stabilize, invest, nurture and grow — company performance suggests that the third quarter “was the low point of our turnaround and we are now exiting that trough,” CEO Kimberly Lody said Friday.
Real estate investment trust Senior Housing Properties Trust is on track to have $900 million in assets sold or under agreement to be sold by the end of the year, President and Chief Operating Officer Jennifer Francis said Thursday. The moves are designed to reduce leverage and position the REIT for the future.
A judge on Wednesday blocked a federal rule that would have allowed healthcare workers and organizations to decline to provide care that conflicted with their religious and moral beliefs or mission. The rule could have affected assisted living communities that accept Medicaid payments, among other entities.
The transaction to restructure Five Star Senior Living’s business relationship with Senior Housing Properties Trust remains on track to close on Jan. 1, Five Star CEO Katie Potter said Wednesday. In the meantime, the company is investing in workers and looking to rehab as a source of revenue and residents.
With the Inspir Carnegie Hill assisted living and memory care community expected to open early next year in Manhattan, Omega Healthcare Investors and Maplewood Senior Living are “actively looking for the next big opportunity” in urban senior living development, Omega CEO Taylor Pickett said Wednesday.
Positive occupancy and revenue trends and the $1 billion in “mutually beneficial” transactions recently announced with the real estate investment trust known until last week as HCP (now known as Healthpeak) “provide further evidence of the progress we are making with our strategic plan,” Brookdale Senior Living President and CEO Cindy Baier said Tuesday.
Residents of long-term care facilities who have traditional Medicare coverage spent an average of $22,384 out of pocket for healthcare in 2016, the latest data available, according to a new analysis of Centers for Medicare & Medicaid Services data by the Kaiser Family Foundation.
The Food and Drug Administration has approved a new influenza vaccine for people aged 65 or more years, biopharmaceutical company Sanofi announced Monday.
ReNew REIT is buyer of New Senior Investment Group’s assisted living / memory care portfolio, SEC filing shows … NLRB extends deadline to Nov. 12 for comments on whether federal law protects workers who use language deemed profane or offensive … SEC moves forward with tougher proxy rule proposals
HCP — which announced a new name, a new ticker symbol, the promotions of several individuals and multimillion dollar deals involving Brookdale Senior Living and Capital Senior Living — wasn’t the only company operating in senior living that shared big plans last week.
Approximately three-fourths of adults aged 50 or more years said they would prefer to receive long-term care at home, but almost one-fifth said they would prefer an assisted living facility in newly released research.
After releasing a “sneak peek” at the top 10 providers in September, LeadingAge and Ziegler have released the full LeadingAge Ziegler 200 compilation of the country’s largest not-for-profit senior living multi-site organizations, government-subsidized housing multi-sites and single campuses.
House Speaker Nancy Pelosi on Friday panned a Medicare for All proposal being forwarded by a number of Democrats currently running for president. Her implicit suggestion to fellow Democrats: Stick with less controversial topics and focus on winning elections next year instead.
Many older women in senior living settings prefer soft drinks to other beverages. It’s a choice that may increase their hip fracture risks, however, a new study finds.
Diversicare Healthcare Services Inc. lost $4.9 million during the third quarter, the company reported.
A diet that emphasizes fruits, vegetables, fish oil and nuts over sugar and saturated fats may be good for more than residents’ physical wellbeing. It may also help ward off symptoms of depression, Australian researchers have shown.
A state-sponsored assisted living report card for consumers is being created in Minnesota, thanks to legislation signed into law earlier this year. Provider organizations are encouraging operators to participate in a survey that will assist its development.
What’s in a name change? In the case of HCP Inc. rebranding itself as Healthpeak Properties, the adjustment reflects a new reality, according to the firm’s boss.