Ziegler Closes $193m For Virginia Nonprofit
Ziegler announced it closed more than $193 million in Series 2022A, 2022B and 2022C bonds for Westminster Canterbury Richmond.
Westminster is a nonprofit that owns and operates a life plan community in Richmond, Va. known as Westminster Canterbury Richmond.
One of the first life plan communities to open in Virginia, Westminster Canterbury has become one of the largest single-site campuses in the country with 809 total units including 487 independent living units, 164 assisted living units, 158 nursing units, according to Ziegler.
The bonds will be used in part to expand the campuss independent living offerings and fund a new fitness and wellness center.
Focusing On Board And Management Duties Guidance From Nys Attorney General Sets Roadmap For Sale Of Not
The Charities Bureau of the New York State Attorney Generals Office has issued new guidance on requirements for the sale of not-for-profit nursing homes under the New York State Not-for-Profit Corporation Law . The Guidance Statement focuses squarely on the Attorney Generals expectations for boards of directors and executive management as they consider, plan, and petition the Charities Bureau for approval to sell a not-for-profit nursing home. While targeted to the sale of nursing homes, the Guidance Statement sets forth standards and a process with broad implications for the sale of other not-for-profit provider entities.
NPCL Sections 511 and 511-A require the Attorney General, and/or the New York Supreme Court, to review sales where a not-for-profit sells all or substantially all of its assets. That review requires a determination that: the seller is receiving fair value for the sale without taking on excessive risk and the sale of the assets will promote the mission and purposes of the charity. The Charities Bureau of the Attorney Generals Office is charged to oversee the proposed sale of not-for-profit entities.
The Charities Bureau specified best practices for a not-for-profit Board, along with the management team and professional advisors, to follow when considering the sale of a not-for-profit facility. As suggested by the Guidance Statement, the Charities Bureau is likely to scrutinize the following, among other areas:
Services & Amenities Include:
- All day dining available and served in our lovely restaurant-style dining room
- Beauty/Barber Shop
- Membership to our professionally staffed fitness center
- Life enhancing activities through our customizable THRIVE Wellness Program
- Pet friendly community
- SMART Solutions, designed to make your next move seamless and worry-free
Services and amenities vary based on location and availability.
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Medicaid Income Rules In Indiana
In Indiana, a single person can have a monthly income up to only $2,349 in 2020 and qualify for Medicaid-paid nursing home care. The Medicaid income limit for a married couple, with both spouses applying, is $4,698 per month in 2020. These LTC income limits may be higher than the income limit for those applying for other health care benefits from Medicaid.
For purposes of determining Medicaid LTC eligibility, any income an applicant receives, from any source, is considered. However, when only one spouse of a married couple applies for Medicaid, the income of the non-applicant spouse is not counted, so that he or she has enough funds on which to live. Additionally, the non-applicant spouse is entitled to a minimum monthly needs allowance, which may range from $2,113.75 to $3,216.
If you qualify for Medicaid and live in a nursing home, you will be expected to spend almost all income on your care. Indiana Medicaid allows nursing home residents receiving Medicaid to keep only $52 per month as a personal needs allowance.
Here Are Our Over 55+ Community Listings Search Results
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The Stone Ridge Preserve in North Attleboro is a 55+ community located just minutes from North Attleboro & Plainville Centers.
178 Park Street
Right in the heart of historic Wilmington, NC is this lovely, new Del Webb Community of Riverlights. This active adult 55+ community features a large selection of custom single family homes and stunning townhouse with sweeping waterway views
Riverlight Wilmington, 55+ Communities NC 28412 US
Luxurious townhouse and single levelcondo living near Kirkbrae Country Club. These beautiful condos are designed to compliment your lifestyle. Custom built with a 1 car garage and full basement.
315 Old River Road
in NC, Luxury Homes, Golf Course Community, Golf Course 55+ Retirement Communities, Gated Communities, Active Adult Communities, 55+ Luxury Homes, 55+ Condos, 55 Plus Townhomes, 55 Plus Golf Homes, 55 Plus Custom Retirement Homes
Crow Creek in Calabash, NC is a gated, golf course community with a strong, active community spirit. Crow Creek is only 10 minutes to Myrtle Beach, SC and all it has to offer for those who enjoy dining, beaches, boating, theater, and so much more!
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Imagine Life At Hoosier Village
Cedarwood is a new 80 residence luxury Licensed Residential Care building offering spacious one and two-bedroom apartments with full kitchens, washers/dryers, ample closet and storage space, and large, bright living areas. Comprehensive assisted living services may be added when needed without moving to another residence.
Acquisition Market Continues To Be On Fire For Nursing Homes
Despite low occupancy rates and uncertainty around federal funding, experts say the market for nursing homes has not slowed, as buyers want to get in on the frenzy and are willing to pay near stabilized rates to do so.
Some, like Symphony Care Network, with a portfolio that totals more than 30 properties throughout Illinois, Indiana, Wisconsin and Michigan, are finding opportunities with smaller, single operators looking to partner up or get out of the business altogether.
The Chicago-based operator was recently part of a transaction to acquire two skilled nursing facilities and one supportive living facility in Chicago for $48.95 million, Chicago-based specialty investment bank Ziegler announced last month.
I think that youre running into situations where a family-owned operator got hit with COVID-19 and are saying to themselves that theyd like to attach themselves to a larger organization or that its time to get out and thats part of the frenzy in the market, Michael Munter, Symphony Care Network chief operating officer, told Skilled Nursing News.
He has seen the market inundated with operators looking to sell that are tired, exhausted and financially drained coming out of the pandemic.
A lot of these owner/operators, particularly the ones that were interested in acquiring, have no interest in selling to someone thats unnamed, Munter said. It is very much their baby and it might have been in their family for one, two, perhaps even three generations.
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Ziegler Closes $441m Deal For The Forest At Duke $175m Snf Sale In Indiana
Chicago-based specialty investment bank Ziegler last week announced it closed on $44,415,000 Series 2021 Bonds for a 47-acre CARF Accredited not-for-profit continuing care retirement community in Durham, North Carolina.
Based just south of Duke University in Durham, North Carolina, The Forest at Duke opened in 1992 and serves as a Type B life care community for over 360 residents across 154 apartments, 88 cottages , 34 assisted living units and 58 licensed skilled nursing beds.
The bonds will reportedly be used to fund a replacement health and wellness center that will include 90 new units in a small house format in a five-story building an approximately 110,000 square feet.
Each household will reportedly consist of 10 private rooms and include a living room, kitchen, and dining room as well as a den and covered balcony.
Ziegler reportedly closed the transaction in 52 days.
Sale Of Nursing Homes And Assisted Living Facilities
Since 1996, Healthcare Transactions Group has been a market leader in the sale of nursing homes and skilled nursing and assisted living facilities.
We have sold skilled nursing facilities for independent owners, multifacility regional and national corporations, and distinguished public companies, such as Kindred Healthcare. Our nursing home sales have included individual skilled nursing facilities and skilled nursing facility portfolio transactions. Healthcare Transactions Group has closed sales of over 250 nursing homes in 36 states. Healthcare Transactions Group has been synonymous with the sale of post-acute facilities.
We have also represented not-for-profit organizations, including hospital systems, to sell their skilled nursing and assisted living facilities. Healthcare Transactions Group provides expert guidance to not-for-profit corporations, from valuation advice, organizing a competitive sale process consistent with your fiduciary obligations, preparing a compelling prospectus, vetting and selecting potential acquirers, negotiating the transaction, evaluating the use of the proceeds to continue to fulfill your organizations mission.
When it comes to the sale of nursing homes and assisted living facilities in the U.S., Healthcare Transactions Group is the the most trusted name.
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Enjoying Life At Hoosier Village
Living the life you always imaginedthats what retirement is all about, isnt it? We think so. It seems the people who choose to live at Hoosier Village tend to agree. Theyre an active yet easygoing group that can often be found walking, biking, and golf carting around our campus, enjoying the rich, warm culture of our community. Naturally, they also love living amid 300 acres of beautifully landscaped grounds that echo a park-like setting with towering pines, native hardwoods, lush greenery, and rustic elegance.
The Very Best In Garden Homes
Our Garden Homes offer the perfect option for seniors who want the freedom to come and go, but desire the amenities and social opportunities that come with residing in an active senior living community. Through purposeful living and continued personal growth, its a home where you can celebrate your individuality while living a maintenance-free lifestyle.
We offer a variety of floor plans that may include attached garages, patios, laundry area and full kitchens.
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Lifestyle & Care Options At Meadow Lakes
Short-Term Rehabilitation is designed for those striving to restore abilities due to stroke, cardiovascular difficulties, orthopedic surgery and other debilitating conditions. Our goal is to help participants return home safely following a hospitalization with the skills they need to continue life on their own terms.
Our person-centered program is tailored to the individual. Short-Term Rehabilitation includes physical, occupational and speech/language therapies and a full range of interdisciplinary support, including doctors, nurses, therapists, social workers and other service care providers. From therapy and medically integrated programs to our holistic wellness services, we tailor a care plan to improve strength, independence and quality of life.
Exclusively at American Senior Communities, the Road to Recovery program offers the opportunity for our interdisciplinary team, the patient and their family to meet within the first 72 hours after admission to map out their Road to Recovery by identifying discharge goals.
Returning home as quickly as possible is always the desire. However, returning home without the proper rehabilitation can greatly increase the chance of seniors experiencing a setback resulting in rehospitalization. Prior to returning home, our team, in partnership with the patient and family, will conduct a comprehensive in-home safety evaluation to ensure patients can successfully navigate their home with confidence.
Paying For Assisted Living In Indiana
Assisted living in Indiana is typically funded by a seniors retirement savings or by a family member, but there are some program options if a senior requires help paying for care. Assisted Living or Aged and Disabled Medicaid Waivers are available for seniors residing in a Medicaid-certified facility.
The Indiana Family and Social Services Administration manages the states Medicaid program. If an assisted living resident does not meet the requirements for Medicaid, he/she may be eligible for financial help through Indianas Residential Care Assistance Program.
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Indiana Medicaid Hcbs Waiver Assisted Living And Home Care Options
Indiana residents may be eligible for Medicaid LTC services that are delivered outside of the nursing home facility setting. The state has programs with different eligibility requirements that offer certain other benefits, so that seniors at home or in the community can obtain needed services.
For example, Indiana offers a Home and Community-Based Services Medicaid waiver program that affords individuals LTC services assistance so that they can remain living independentlyin their homes and communitiesinstead of in nursing homes. The Indiana Aged and Disabled Medicaid waiver program offers nursing home services to recipients living at home, in foster homes, or in assisted living facilities. This program allows individuals access to a range of benefits and services, such as adult day care, personal care assistance, assisted living, attendant care, transportation services, home-delivered meals, and personal emergency response systems, among others.
Long Term Care/nursing Homes
Welcome to the home page for the Indiana Department of Health Division of Long Term Care. The Division of Long Term Care is responsible for state licensing and federal certification programs for long term care facilities. The IDOH has created individual program home pages for the programs. Links to the program pages are below.
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Medicaid Asset Rules In Indiana
Indiana Medicaid for LTC has resource rules, which you must satisfy to be eligible for coverage, that can be different from those for other Indiana Medicaid programs. Resources are assets like real estate, personal property, life insurance with a cash value, vehicles, motorhomes, boats, bank accounts and cash. You will have to total up all of your non-exempt, countable assets to determine how much you have in resources.
If you are a single person, you can have only up to $2,000 in assets with a few allowable exclusions such as a car and your home . If you are married, your non-applicant spouse at home can keep up to $128,640 worth of joint assets.
Compare To Nearby Neighborhoods
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 4 days.
- Hot homes can sell for about 3% above list price and go pending in around 2 days.
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 6 days.
- Hot homes can sell for about 2% above list price and go pending in around 3 days.
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Licensing Of Indiana Assisted Living Facilities
In the state of Indiana there are several types of facilities that provide care services for adults. Facilities that specifically provide assisted living services for the elderly are called residential care facilities and housing with services establishments.
A residential care facility is a health care facility that provides residential nursing care as per 410 Indiana Administrative Code 16.2-1.1-62. Residential nursing care covers a range of nursing services which include diagnosis or carrying out a health care regimen as prescribed by a physician or nurse practitioner. To learn more on how assisted living facilities in Indiana are licensed, please visit our Indiana Licensing Summary.
Slib Facilitates Sale Of Indiana Nursing Home Cfg Secures $172m Bridge
Vincennes, Ind.-based skilled nursing facility GentleCare of Vincennes was sold to The Strategies, an Indiana based owner/operator with other communities in the state, Senior Living Investment Brokerage announced.
The 60 licensed bed, with 52 currently functional, facility reportedly has one of the longest running five-star designations in the state, according to SLIB.
The seller, a private mom and pop organization, was looking to retire and SLIB procured multiple offers for the facility before The Strategies was selected, according to a news release.
This transaction presented an opportunity for the private owner to sell and retire, SLIB Managing Director Ryan Saul said in the news release. After years of contemplating a potential sale, the time and circumstances were right when The Strategies came along.
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Cibc Bank Closes $76m Deal
CIBC Bank USA closed a 60 million term loan to refinance a previous loan for the purchase of three distressed California properties, two of which are skilled nursing facilities, the Chicago-based bank announced this week.
CIBC completed the deal on behalf of a California-based operator.
The $76 million transaction included a $16 million working capital facility that will reportedly be used across 13 properties in the operators portfolio.
Vibrant Senior Living In North Manchester Indiana
Were honored our Life Plan retirement community has become a preferred choice for seniors and families in the North Manchester, Indiana area. Peabody senior living communities offer the warmth, vitality, and home-like details that inspire the ageless spirit and make residents feel right at home.
Consider Lindsay Place Garden Homes and Village Patio Homes for independent living, James B. Peabody Inn Apartments for assisted living to help with the activities of daily living, and our health care neighborhoods for loved ones who need exceptional memory care or long-term care.
Need senior rehabilitation? Our Rehab to Home inpatient and outpatient rehabilitative senior care services help people of all ages get back to home and life. Our comprehensive senior care services are just one more way we continue to celebrate the ageless spirit every day at Peabody.
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Assisted Living Facilities For Sale Showing 1
Mid-Atlantic Region The companys sterling reputation combined with its long history in the clinical trial marketplace has established it as one of the premier firms in its long-term care niche. 2021 results are continued evidence of increasing strong cash flow and demand for its services. It continues…
For more than a decade providing senior care or nursing. Well-established 8 bed long-term assisted living facility with completely skilled staff. Turnkey with Real Estate Included. The owner has operated with 5 beds to date.Building SF:3,200Competition: Assisted Living Services currently has…
Profitable Residential Care Facilities with three locations for the Elderly providing a comfortable, caring, and supervised living arrangement in a family home setting. There is a continuous 24/7 quality care for both ambulatory and non-ambulatory residents. The care staff is well trained. For sale…
LISTING ID # 31912Large Manhattan Adult Social Day Care Facility. Approved for 32 clients- average attendance 25-29 clients. 5 MLTC contracts in place. Operating 5 days per week from 9 am to 2pm. 3 rooms. 2 levels with elevator for clients. Certified Social Worker, bilingual staff and instructors….
LISTING ID # 33993Adult Day Care Service License now available. Active license. Philadelphia County based. Contact the broker for more information.