Communities

National Investment Center Data Show Occupancy At 82.2% And Slowing Decline In Managed Medicare Reimbursement To Nursing Homes

ANNAPOLIS, MD–-The National Investment Center for Seniors Housing & Care (NIC) today released its second-quarter 2016 NIC Skilled Nursing Data Report, showing that occupancy and the managed care (managed Medicare) daily reimbursement rate declined in the second quarter of 2016,…

AmeriServ Financial Bank Provides Funding For Secure Living Environments For Seniors

JOHNSTOWN, PA–AmeriServ Financial Bank is helping to provide safe and secure living environments for seniors in the communities it serves by funding two local Senior Crimestoppers Programs.  In conjunction with CRA Partners, the bank came forward to help vulnerable seniors…

Luxury Senior Living Community Moving Forward In Louisville, KY

LOUISVILLE, KY–Top-of-the line independent, assisted living, and memory care residences will be offered at the $20 million The Grand of Prospect, a luxury senior living community in Louisville. The community will be located on 14.8 acres at 5217 Chamberlain Lane…

Triad Senior Living Facility Gets New Owner

A Chicago-based long-term care facility management company has purchased Greensboro’s Brookdale Lawndale Park, an assisted living and memory care facility, according to the Triad Business Journal. The acquisition is apparently part of a series of recent property purchases by Enlivant,…

Prestige Care Acquires Campbell-Owned Senior Living Communities In Washington And Idaho

VANCOUVER, WA–Prestige Care, a leader in senior living, skilled nursing and rehabilitation care, today announced an agreement to acquire four Washington and Idaho communities owned by senior living industry pioneer Carl Campbell. The acquisition, effective this fall, expands Prestige Care’s…

OnCourse Learning Acquires Education Leader In Assisted Living, Non-Medical Home Care

BROOKFIELD, WI–In keeping with the company’s growth strategy, OnCourse Learning today announced the acquisition of the Institute for Professional Care Education, a leader in training and compliance solutions for assisted living communities, home care providers and home health agencies. “As…

New Senior Living Development Underway In Madison, AL

MADISON, AL–Cobalt Seniors and Shepherd Health announce Shepherd Living at The Range, an upscale 124-resident community offering spa-like living on roughly 14 lush acres in Madison, a growing suburb of Huntsville, Alabama.  The joint venture has purchased the property from…

Brookdale To Present At The Wells Fargo 2016 Healthcare Conference

NASHVILLE–Brookdale Senior Living Inc. (NYSE:  BKD) today announced that management will participate in a discussion regarding the Company at the Wells Fargo 2016 Healthcare Conference in Boston, Massachusetts on Thursday, September 8, 2016, beginning at 2:20 p.m. Eastern Time. The…

Watercrest Senior Living Group Celebrates The Groundbreaking Of Watercrest of St. Lucie West Assisted Living And Memory Care Community

VERO BEACH, FL–Watercrest Senior Living Group gathered with city officials, development, construction, and design partners to celebrate the ceremonial groundbreaking of Watercrest of St. Lucie West Assisted Living and Memory Care Community in Port St. Lucie, Florida. The 128 unit…

Long-Term Care Market Analysis By Service And Segment Forecasts To 2024

LONDON–The global Long Term Care (LTC) market is expected to reach USD 1,109 billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to boom owing to the increasing awareness of people about…