News

2/9/2015

Larry Minnix to retire from LeadingAge

In a letter to partners and friends of LeadingAge emailed on Thursday, Feb. 5, 2015, LeadingAge CEO and President Larry Minnix announced his retirement. After 15 years with the aging services organization, Minnix will step aside at the end of this year.

11/3/2014

Credit Rating Agency Forecast for Senior Living

Fitch Ratings recently released the report “2014 Median Ratios for Nonprofit Continuing Care Retirement Communities (CCRCs)” that cited continued improved performance for the senior living sector, especially for those projects already rated within Fitch’s higher-rated categories.

Five Best Practices for Financial Feasibility Studies
Not All Appraisals Are Created Equal
6/15/2014

Not All Appraisals Are Created Equal

For owners of any senior living facility in pursuit of financing, the market value of the project is a crucial component in determining the appropriate amount of leverage. A large determinant in that valuation can be the conclusions of a third-party appraiser, who is often engaged by the lender to provide an objective assessment of value.

6/5/2014

Lancaster Pollard to supplement growth plan with acquisitions

Columbus Business First reporter Evan Weese interviewed CEO Tom Green on the firm's overall growth and expansion of M&A services for senior living providers.

Protecting the Bottom Line with Quality Risk Management Programs
4/21/2014

Protecting the Bottom Line with Quality Risk Management Programs

Each day, long-term-care (LTC) providers in the United States are caring for 1,383,700 residents in nursing homes and 713,300 inhabitants in assisted and residential care communities, according to the National Center for Health Statistics.

Versatile Interim Financing to Bridge the Gap
2/17/2014

Versatile Interim Financing to Bridge the Gap

In today’s active senior living business environment, a bridge loan can be a necessary interim step in advance of securing more permanent, long-term financing, which is why they are gaining in popularity.  When time is of the essence for providers to obtain financing, these short-term loans are often the answer.

Private Placements: The Time is Right
12/16/2013

Private Placements: The Time is Right

All borrowers, but particularly nonprofit organizations, want the lowest cost of funding with the most flexible terms. Now, because of market conditions, a nontraditional tax-exempt funding for hospitals and continuing care retirement communities (CCRCs) may be a more attractive option for refinancing or capital projects.