News

Medicaid Block Grants and the Prospective Effects on States
12/11/2017

Medicaid Block Grants and the Prospective Effects on States

In the last edition of The Capital Issue, we detailed Medicaid spending trends and explored how recent block grant proposals would affect health care providers. In this issue, we examine the effects of block granting on states in general while also providing a detailed analysis focused on three specific states—Illinois, Michigan and Ohio.

Exploring the Growing Trend of Micro-Hospitals
12/10/2017

Exploring the Growing Trend of Micro-Hospitals

What exactly is a micro-hospital? Obviously it is a smaller version of a traditional hospital, but like most things in the health care space, it is far from that simple. Below, we explore the growing emergence of micro-hospitals and detail how they are finding their niche in the health care system. 

Memory Care Development: Market Update and Financing Options
12/9/2017

Memory Care Development: Market Update and Financing Options

Every 66 seconds, someone in the U.S. is diagnosed with dementia, the most common form being Alzheimer’s disease. As of July 1, 2017, there were an estimated 5.5 million Americans living with the disease according to the National Investment Center for Seniors Housing & Care (NIC)

Arcadia Senior Living Clarksville: Live Life on Your Terms
12/8/2017

Arcadia Senior Living Clarksville: Live Life on Your Terms

In early 2015, the Arcadia Communities team began planning for a new facility that would sit on beautiful farmland and serve as a place where seniors could live life on their own terms. Fast forward two years and that community is now part of an emerging development that is set to open in the spring of 2018. 

12/7/2017

Lancaster Pollard Spotlight

To supplement The Capital Issue, we would like to introduce a new quarterly newsletter called Lancaster Pollard Spotlight, which will present stories about our philanthropic, social and community events outside of our regular business activities. We hope you enjoy reading about our recent endeavors. 

11/21/2017

Lancaster Pollard CEO Nick Gesue Featured on Conquering Columbus

Conquering Columbus, a brand and podcast connecting people in Columbus Ohio recently interviewed Lancaster Pollard CEO Nick Gesue about his 17 year path from intern to CEO. Nick discusses his childhood, path to Lancaster Pollard, and how his passion for learning and self-improvement helped drive his early success. The discussion concludes with ORIX’s recent acquisition of Lancaster Pollard and Nick’s new responsibilities within the organization.


10/18/2017

Lancaster Pollard Remains Leader in Seniors Housing Lending Activity

The U.S. Department of Housing and Urban Development (HUD) recently released production data for its Lean mortgage insurance program, which finances seniors housing properties, for the fiscal year ending Sept. 30, 2017. Over the course of the fiscal year, the program closed $3.4 billion of loan volume, an increase of 20% as compared to 2016. Lancaster Pollard led all lenders in transactions closed and total loan amount, at 79 and $769.3 million respectively. 

Jennings at Brecksville: Life As It Should Be
10/16/2017

Jennings at Brecksville: Life As It Should Be

When Jennings at Brecksville officially opened on August 8 of this year, it was a picture perfect day for a dedication and opening ceremony. Jennings President and CEO Allison Q. Salopeck welcomed the large gathering outdoors at the building’s entrance, followed by a dedication mass. The Most Reverend Bishop Roger Gries, OSB, celebrated the gathering by blessing the new assisted living (AL) residence. Guests gathered in fellowship, explored with tours, and enjoyed a delicious assortment prepared by Jennings’ culinary services staff. Joining the celebration were new Jennings at Brecksville residents, who relished the event with their families.

Rating Agencies Update: Margins under Pressure but Balance Sheets Improve
10/11/2017

Rating Agencies Update: Margins under Pressure but Balance Sheets Improve

After one of the best years in recent memory in 2015, the last 18 months have been a challenge for nonprofit hospitals. A tight labor market coupled with lackluster investment returns resulted in a deterioration in excess margin. Consequently, debt service coverage was weaker in 2016. However, balance sheets continue to strengthen, as most hospitals and hospital systems continue to deliver. Readers may recall that 2014 showed improvement for the higher rating categories (A-rated and above), but the lower investment-grade and non-investment grade categories struggled. In 2015, the positive trend continued for the higher rated providers, but the improvement was more widely disbursed. In 2016, the trend reversed as median ratios deteriorated for all rating categories. 

Push & Pull: Private Equity and Public REITs
10/9/2017

Push & Pull: Private Equity and Public REITs

In 2017, we saw several high-profile senior living transactions whereby a large public real estate investment trust (REIT) sold to a private equity buyer.