 Community Model Uses Visiting Nurse Services to Retain IL Residents, Attract Couples By Alyssa Gerace During the economic downturn, the independent living sector was hit with steep drop-offs in occupancy and a more sluggish rebound compared to assisted living. In response, some providers are getting creative in ways to spur on the slow-but-steady climb to recovery. They’re also looking to face the upcoming challenge of preparing for the future wave of boomers ... Read more...    High Cost of Living in U.S. Drives American Retirees Abroad By Alyssa Gerace The Great Recession has left many older adults’ retirement portfolios in a state of eroded disarray, prompting thousands—perhaps millions—to look abroad for a more affordable cost of living in their later years, says The Wharton School of the University of Pennsylvania. In the aftermath of the global financial meltdown that ravaged 401(k) accounts and decimated ... Read more... Ventas' Q2 Profits More Than Triple to $74 Million On Acquisition Strength By Alyssa Gerace Growing revenues helped net profit for senior housing and healthcare real estate investment trust Ventas Inc. (NYSE:VTR) to nearly quadruple in the second quarter ended June 30, 2012 compared to the same period in the previous year, to $74 million, or $0.25 per share, versus $19.7 million or $0.11 per share. “This increase in net ... Read more... Gentiva Expands Reach, Acquires Indiana Hospice Provider By Alyssa Gerace Gentiva Health Services, Inc. (NASDAQ:GTIV) announced on Thursday that it had acquired Advocate Hospice, located in Danville, Ind., for an undisclosed price. Advocate was founded in 2006 and is a leading provider of end-of-life care in its community. “The addition of Advocate Hospice to the Gentiva family enables us to expand our coverage in central ... Read more... Senior Housing Finance Activity: LTC Properties, Cambridge, Sabra, Beech Street By Alyssa Gerace LTC Properties Privately Places $85.8 Million of Debt Financing LTC Properties, Inc. (NYSE:LTC) announced on Monday it had entered into a private placement of 12-year senior unsecured notes amounting to $85.8 million to a group of institutional investors. The notes have a 5.03% interest rate and mature on July 19, 2024, with scheduled annual principal ... Read more...
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