American Senior Communities case defendant agrees to plead guilty
By
Lois A. Bowers
Dec 19, 2016
One of the defendants in the alleged $16 million fraud, kickback and money-laundering scheme involving former executives of American Senior Communities has agreed to plead guilty to charges against him,...
Lumber, labor continue to affect seniors housing construction: brief
By
Lois A. Bowers
Jan 26, 2018
Increased lumber costs and a labor shortage continue to be concerns in seniors housing construction projects across the country, according to a new brief prepared for the American Seniors Housing Association...
LTC Properties defers or abates $2 million in rent as operators feel ‘some stress’
By
Lois A. Bowers
May 02, 2022
Long-term care operators felt “some stress” in the first quarter as they continued to confront labor pressures and inflation, LTC Properties Chairman and CEO Wendy Simpson said Friday during the Westlake...
Labor costs driving up resident fees: survey
By
Lois A. Bowers
Oct 30, 2016
Labor costs are the primary driver for monthly fee increases charged to residents of not-for-profit senior living communities, according to a new poll by speciality investment bank Ziegler.
Budget deal has winners, losers, senior living officials say
By
Lois A. Bowers
Oct 27, 2015
The tentative budget deal that congressional leaders and President Barack Obama reached Monday contains good news for some and bad news for others, according to senior living industry officials.
Two more sentenced in American Senior Communities fraud scheme
By
Lois A. Bowers
Jul 10, 2018
Two more defendants were sentenced Monday for their roles in a $19.4 million fraud, kickback and money-laundering scheme that previously led to prison terms for two former American Senior Communities executives.
What the growing wealth gap could mean for senior living
By
Lois A. Bowers
May 21, 2018
Could the future success of the senior living industry depend on actions that might affect near-term success?
Construction costs up but contractor backlog down: ASHA brief
By
Lois A. Bowers
Mar 10, 2021
The cost of construction materials is up, due to “significant” swings in commodity pricing, and additional increases are expected in the spring, according to a new issue brief for the American Seniors...
CCRC monthly rate increases for 2018 will average 3.1%
By
Lois A. Bowers
Nov 20, 2017
Continuing care retirement communities plan to raise their monthly fees for existing independent living residents an average of 3.1% in 2018, according to a recent poll of 160 chief financial officers...
Retirement community adviser pleads guilty to $1.2 million fraud scheme
By
Lois A. Bowers
Dec 14, 2015
A former investment adviser said she defrauded more than two dozen retirees and others over 10 years beginning in 2003. Her husband pleaded guilty to charges related to the scheme, too.