Recent experience confirms that stand-alone memory care communities are ‘insufficient,’ Thrive executives...
By
Lois A. Bowers
Jun 12, 2019
As the Thrive Senior Living name disappears from real estate investment trust LTC Properties’ portfolio, the Atlanta-based operator said Tuesday that it is a good time to step away from stand-alone memory...
Eversound raises $5 million in Series A financing
Feb 13, 2019
Boston-based social engagement technology company Eversound has announced $5 million in Series A financing. The round was led by Ron Feinstein, former CEO at Lifeline Systems, with participation from Shelter...
AdCare may change name to Regional Health Properties
By
Lois A. Bowers
Mar 27, 2017
AdCare Health Systems may change its name to Regional Health Properties under a reorganization to be considered at a special meeting of shareholders in the second quarter, the company announced March 24...
Seniors housing construction costs escalating: brief
By
Lois A. Bowers
Aug 14, 2016
The tight labor market for skilled labor and trades in the construction industry is resulting in higher-than-expected cost escalation for seniors housing projects, according to a new issue brief.
Investors excited about independent and assisted living: report
By
Lois A. Bowers
Jan 05, 2018
Investors this year will be most attracted to “lifestyle-focused” segments of seniors housing, including one that may surprise some, according to a new report from commercial real estate services...
Alzheimer’s cure would result in assisted living losses of $16 billion in annual revenues, 110,000...
By
Lois A. Bowers
Sep 17, 2019
A “novel, simple and fast-acting” cure for Alzheimer’s disease would be a “medical miracle” but would result in a loss of $16.3 billion in annual revenues for the assisted living industry, according...
Updated: Welltower to move 147 ProMedica SNFs to Integra Health JV; ProMedica to continue to operate...
By
Lois A. Bowers
Nov 07, 2022
Toledo, OH-based real estate investment trust Welltower will move 147 skilled nursing facilities currently operated by Toledo-based ProMedica Senior Care into a joint venture between Welltower and Integra...
MatrixCare partners with Attendance on Demand to provide time and labor management solutions
May 15, 2018
MatrixCare’s TimeTracker, a cloud-based solution from Attendance on Demand, is designed to manage labor costs and regulatory requirements for senior living communities and other customers.
UPDATED: AlerisLife to be acquired for $44 million
By
Lois A. Bowers
Feb 03, 2023
AlerisLife is being acquired by ABP Acquisition 2 LLC for almost $44 million, AlerisLife said Friday in filings with the Securities and Exchange Commission.
Resident inquiry leads to U.S. presence for Dutch smart sensor technology company
By
Lois A. Bowers
Oct 28, 2019
Dutch smart sensor technology company Sensara thanks a resident of RiverWoods, a continuing care retirement community in Exeter, NH, for its growing U.S. presence.