Developers See Opportunity as Old Nursing Homes Become Obsolete

The design elements for post-acute care facilities of the 1960s, such as shared rooms and cafeteria-style dining, have become dinosaurs of the industry. In their stead are upscale, hotel-style models that are redefining post-acute care communities, industry experts agree. “The transitional and long-term care facilities of 40 years ago are functionally obsolete,” said Zeke Turner,…

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Formation Capital, Safanad Acquire 14 SNFs for $150 Million

Two heavy-hitting investment firms are expanding their footprint in the post-acute care sector through the acquisition of 14 skilled nursing facilities in the mid-Atlantic for about $150 million in total. The deal reflects a multi-year strategic partnership between healthcare-focused private investment firm Formation Capital and global principal investment firm Safanad. The portfolio includes 1,658 beds…

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All About Alzheimers

Mayor of Boston Martin Walsh announced a new Boston Alzheimers initiative, becoming the first large city to join the national Alzheimers Workplace Alliance. The alliance is a group of about 2,000 companies and organizations supporting employees with information on Alzheimers disease. …read more