Memory Care - McKnight's Senior Living

Memory Care

Contemplated senior woman sitting on wheelchair. Elderly disabled female is looking through window.

Memory care initial rates average 8.5% below average asking rate: NIC

Average initial rates for residents moving into independent living, assisted living and memory care segments were below average asking rates amid the COVID-19 pandemic, with monthly spreads generally largest for memory care. That’s according to the second quarter Seniors Housing Actual Rates Report released Tuesday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.

close-up of American paper currency

HHS extends Medicaid provider CARES Act funding application deadline — again; House passes HUD spending bill with $4.6 billion bump

The Department of Health and Human Services is extending until Aug. 28 the deadline for eligible state Medicaid providers, including assisted living operators, to apply for monies from the Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund. The announcement came on the same day that the House passed a fiscal year 2021 spending bill for the Department of Housing and Urban Development that represents a $4.6 billion increase over HUD’s FY20 enacted funding level.

McKnight’s 40 for 40: Loren Shook

Say “memory care” and the first company to come to mind for many industry professionals is Silverado. And when they think of Silverado, they think of Loren Shook, the man who co-founded the Irvine, CA-based provider in 1996 with Steve Winner.

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