Senturian closed on the sale of two assisted living facilities in North Alabama in December of 2018. The facilities are Westminster Assisted Living of Cullman and Westminster Assisted Living of Decatur. The facilities were in receivership after going into default on their bond debt. Each consisted of 40 resident rooms including memory care and were the premier facilities in their …
Benchmarking: Operating by the Numbers in Senior Living Organizations
Senior living organizations are continuously bombarded with more and more challenges in the face of increasing regulation, complexities in reimbursement and contracts, a competitive environment and the desires and demands of residents. How can an organization meet these challenges and remain focused on the ultimate goals of providing high quality care while still maintaining operational efficiency? One proven method of …
Get Ready – Long Term Care Class Actions Have Morphed and Are Even Uglier
In recent years, long term care providers faced massive class action lawsuits alleging chronic understaffing. Now, these suits are changing. In July 2017, a first-of-its-kind long term care class action was filed in the Northern District of California that has potentially enormous consequences for providers. The theory of the case: chronic understaffing violated the provider’s duties under the Americans with …
Preparing to Sell Your Senior Housing Asset
Selling a nursing home or assisted living facility can be an overwhelming and stressful thought for many owners. Concerns about confidentiality and questions regarding value and process sometimes drives owners to avoid the entire topic for as long as they can. Most owners are focused on running their business and are not actively plugged in to the market on a …