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.
Prioritize older adults, nonprofits tell members of Congress
By
Lois A. Bowers
Nov 24, 2015
Programs enabling the dignity, health and independence of older adults should be funded at appropriate levels, members of the Leadership Council of Aging Organizations wrote in a letter.
Brookdale faces SNF lawsuit from coalition including Biden’s pick for HHS secretary
By
Lois A. Bowers
Mar 16, 2021
A lawsuit filed Monday accuses Brookdale Senior Living of lying to the Centers for Medicare & Medicaid Services to inflate the star ratings awarded to some of its skilled nursing facilities. The legal...
Where assisted living is the most and least expensive: survey
By
Lois A. Bowers
Feb 15, 2017
Average monthly assisted living costs range from $3,051 for a studio apartment in Louisiana to $6,936 for a two-bedroom apartment in Delaware, according to the state results of Lincoln Financial Group’s...
What Brexit means to U.S. seniors housing
By
Lois A. Bowers
Jun 30, 2016
Beth Burnham Mace, chief economist for the National Investment Center for Seniors Housing & Care, explains the potential broad effects of the United Kingdom decision to leave the European Union and how...
CVS says long-term care business ‘on track’ despite operating income decrease
By
Lois A. Bowers
May 02, 2019
CVS continues to “work diligently in driving growth for the assisted living space” through its Omnicare long-term care pharmacy business, CVS President and CEO Larry Merlo said Wednesday during the...
Former American Senior Communities COO gets 57-month prison sentence
By
Lois A. Bowers
Jul 09, 2018
Former American Senior Communities Chief Operating Officer Daniel Benson was sentenced Friday to 57 months in federal prison for his role in a $19.4 million fraud, kickback and money-laundering scheme...
Former president of assisted living management company pleads guilty to $59 million check-kiting scheme
By
Kimberly Bonvissuto
Oct 26, 2020
The former head of a healthcare management company that operates assisted living communities pleaded guilty to bank fraud Tuesday for carrying out a $59 million check-kiting scheme on banks in two states.
LeadingAge urges HUD to exempt senior housing funds from new ‘Buy America’ requirements
By
Alicia Lasek
Jul 19, 2022
Affordable housing funds must be excluded from a new federal requirement that will raise barriers to infrastructure projects key to senior housing, LeadingAge says.