Executives at LTC Properties, Inc. (NYSE: LTC) don’t have high hopes that troubled tenant Senior Care Centers will survive its current bankruptcy proceedings, and the real estate investment trust (REIT) is actively negotiating its exit from the facilities.
“As you know, Senior Care declared bankruptcy in December, and we don’t believe they have the ability to emerge from the process as a viable, ongoing concern,” CEO Wendy Simpson said Friday during the company’s fourth quarter 2018 earnings call.
The Dallas-based Senior Care Centers left landlord LTC without $1.8 million in rent for the month of December in the wake of its filing, which the provider blamed on prohibitively expensive lease payments. At the time, Simpson announced plans to re-tenant the 11 properties in its portfolio with an operator that had overseen the facilities prior to Senior Care Centers — a process that remained ongoing as of Friday.
Home Instead, Inc., the franchisor for the Home Instead Senior Care® network, today announced a partnership with GrandPad®, the first tablet-based solution designed exclusively for seniors. The two organizations are coming together to offer innovation that will change the way we care for the growing number of older adults.
The partnership provides a platform for Home Instead franchise owners to offer integrated care solutions that will enhance the client experience while a Home Instead CAREGiverSM is in the home. It also sets the stage for Home Instead to offer new services, such as interactive remote care, which would create new opportunities for the delivery of technology-based home care across underserved populations and rural geographies.
The agreement includes an equity investment in GrandPad. Additionally, Jeff Huber, president and CEO of Home Instead, Inc., has been added to the GrandPad board of directors.
It takes moxie to flip an unhealthy lifestyle to a healthy one — particularly for folks over 60.
Most baby boomers approach retirement age unwilling to follow basic healthy lifestyle goals established by the American Heart Association, said Dr. Dana King, professor and chairman of the department of family medicine at West Virginia University, referencing his university’s 2017 study comparing the healthy lifestyle rates of retired late-middle-aged adults with rates among those still working.
Kaiser Health News interviewed three other prominent experts on aging and health about how seniors can find the will to adopt healthier habits.
“People do financial planning for retirement, but what about retirement health planning?” King said.
IN THE VAST constellation of legal documents you could encounter over your lifetime, some are more critical than others. For older adults, a few legal instruments take on outsized importance, particularly in the context of ensuring adequate health care as we age. While some documents that older adults may need are focused on the financial side of your affairs, others concern how decisions will be made about your health care. The information that follows will focus on the documents related to health care that may come into play as you age.
As you navigate these legal waters for yourself or a loved one, some legal terms and documents you may encounter include:
The Administration for Community Living (ACL) conducted a three-part evaluation of its Title III-C Nutrition Services Program (NSP). The Process Evaluation, Cost Study, and two reports from the Outcome Evaluation have previously been released.
ACL is now releasing an issue brief based on surveys of local service providers and participants at congregate meal sites: An Examination of Social Activities at Congregate Meal Sites and Their Role in Improving Socialization Outcomes of Participants.
This issue brief examines the types of congregate meal sites that offer social activities and whether the effect of congregate meal participation on socialization outcomes differs for participants who attend meal sites that offer social activities and those who attend meal sites that do not offer these activities.
Walk around the campus of the University of Southern Indiana, and you may notice a very small house. It’s part of an experiment to create houses of 600 square feet that can be built in days. These little homes could offer housing alternatives for elderly people. Isaiah Seibert of member station WNIN in Evansville has the story.
ISAIAH SEIBERT, BYLINE: The small, 600-square-foot modular house is called Minka. The name is derived from a simple and functional style of Japanese home. Bill Thomas is a geriatrician by training, but today he’s overseeing the construction of one of the first Minka prototypes on this university campus in southwestern Indiana, with his elderly patients in mind.
Senior Care Centers announced Tuesday that it is filing for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas.
The move will allow Senior Care Centers, which has almost 10,000 residents and nearly 11,000 employees, address “burdensome debt levels and expensive leases,” according to a press release announcing the bankruptcy filing.
Senior Care Centers will continue paying vendors for the goods and services provided during the Chapter 11 process, in addition to continuing to cover payroll, according to the company.
“After careful analysis, we determined that the protections afforded by the Chapter 11 process are the best way to address the company’s debt and costly leases while allowing us to continue to provide all the top-level care and support our residents deserve,” Kevin O’Halloran, Senior Care Centers’ chief restructuring officer, said in the release.
WHEN IT COMES TIME TO find the right assisted living community or nursing home for your loved one, there are a lot of things to consider in finding the right fit, such as the quality of the medical care, fees and location. But in the scramble to find a good place for your loved one, it’s also important to consider the quality of life they’ll find in that community and whether they’ll be supported in living their best life possible.
Finding and engaging in appropriate activities for seniors – and these can run the gamut from hobbies and physical exercise to social events and outings – is a major component of a high quality of life for older adults in assisted living facilities and nursing homes. That’s because socialization and eliminating loneliness and isolation among older adults is a crucial component of staying healthy in our later years. “It’s a critical part of well-being to be able to interact with others and to have those social connections,” says Dr. Tanya Gure, section chief of geriatrics and associate clinical professor in internal medicine at the Ohio State University Wexner Medical Center.
FOR MANY OLDER ADULTS, the first and best option for living out their golden years is to remain in their own homes for as long as possible. But for some, there comes a time when this strategy becomes unmanageable and it’s time to transition into an assisted living community. Moving is always difficult and it can be made especially more so by all the complex emotions and logistical challenges that often accompany a move made later in life. But there are some ways to make transitioning into an assisted living facility a little easier.
Dr. Susann Varano, a geriatrician at Maplewood Senior Living, a Westport, Connecticut–based senior living residence company, says one of the key components to making a smooth transition to an assisted living community is to start searching for the right place as early as possible. Ideally, you should be planning for and considering your options for months, even years, before you actually need to make the move. She likens the ideal transition to how we plan for college.
“Some people start a college fund when the child is born, and they start thinking about college when they’re in middle school – they consider which high school to go to that will lead to a good college and ultimately lead to a good law school or medical school.” She asks why Americans seem so reluctant to give the same sort of care and attention to what probably should be viewed as an equally important life transition. “These are the final years of your life. Why shouldn’t they be the quality you deserve? You worked hard for your money, and this is your money. Give it the respect that it deserves and don’t be so afraid that just because you’re looking (at moving) means you’re going to go.”
Voters in Maine were presented with a ballot measure that would have provided disabled adults or people over the age of 65 with full-time, long-term care in their own homes, at no cost to individuals or their families. It was hailed by supporters as a visionary model for ensuring support for vulnerable people, one that could be rolled out in other states as the US elder population grows.
Alas, it’s a vision whose time has not yet come. Voters in Maine soundly defeated Question 1 at the polls on Tuesday (Nov. 6).
Maine is one of the fastest-aging states in the US. People aged 65 and older there are expected to outnumber those under 18 by 2020, a full 15 years before the US as a whole reaches that crucial threshold.
The vast majority of seniors prefer to age in their own homes. The availability and affordability of in-home care in Maine, however, is among the poorest in the nation. Without access to home care, family members typically shoulder the work—along with the financial cost of their own lost wages—to care for elderly relatives.