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Memory Care Pioneer Arden Courts Modernizes as Part of ProMedica, Welltower JV – Senior Housing News

January 9, 2020
When former President Ronald Reagan announced his Alzheimer’s disease diagnosis in November 1994, clinical studies geared toward finding a cure for the disease were in their infancy, and long-term care facilities were mostly focused on treating residents in the early throes of cognitive decline. It was in this environment in which HCR ManorCare opened its first Arden Courts memory care community, in Potomac, Maryland. As more types of dementia have been identified, the Arden Courts brand has grown to 55 communities in 11 states, cared for over 43,500 residents, and many of the programming and design features it pioneered over 25 years ago are now commonplace within the industry, HCR ManorCare Vice President/General Manager, Assisted Living Mark McBride told Senior Housing News.…
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Prince Harry and Meghan: Where do they get their money? – BBC News

January 9, 2020
Image copyright Getty Images The Duke and Duchess of Sussex have announced they are stepping back as senior royals and intend to become financially independent. But how are they currently funded, and what might this new arrangement look like? Who pays for Harry and Meghan at the moment? The couple say that about 95% of their income comes from the Prince of Wales. He pays for the public duties of Prince Harry and Meghan, as well as the Duke and Duchess of Cambridge, and some of their private costs. In total, this funding – in the year Meghan officially joined the Royal Family – stood at just over £5m in 2018-19.…
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The U.S. response to China’s new Silk Road will be a ‘legacy of the administration’ – Yahoo Finance

January 9, 2020
This post has been updated. The U.S. is trying to catch up with China’s massive Belt and Road Initiative (BRI) with a new project that one expert says will be “a legacy of the administration.” With the creation of a new taxpayer-funded entity called the U.S. International Development Finance Corporation (DFC), which some experts hail as “the most important piece of U.S. soft power legislation in more than a decade,” America is on track to counter China’s colossal project known as the New Silk Road. “The Belt and Road has really turned into a major focal point for the U.S.,” Andrew Small, senior transatlantic fellow on the Asia program at the German Marshall Fund of the United States, told Yahoo Finance.…
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Manulife Investment Management Closes $1.5 billion Private Equity Fund – Yahoo Finance

January 9, 2020
US$ unless otherwise stated TSX/NYSE/PSE: MFCSEHK: 945 BOSTON , Jan. 9, 2020 /CNW/ – Manulife Investment Management (Manulife) announced today the closing of approximately US$1.5 billion in commitments to Manulife Private Equity Partners, L.P. (“MPEP” or “the Fund”). MPEP is the first fund-of-funds product raised by Manulife Investment Management’s Private Markets group as part of its ongoing effort to provide specialized asset management solutions for global investors. Manulife Investment Management (CNW Group/Manulife Investment Management) The Fund was seeded with an existing portfolio of funds and co-investment interests in North American buyout and growth funds invested with more than 25 leading private equity managers.…
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Premier Health Appoints Senior Vice President of Sales – Yahoo Finance

January 9, 2020
VANCOUVER, British Columbia, Jan. 09, 2020 (GLOBE NEWSWIRE) — Premier Health Group (CSE: PHGI, OTCQB: PHGRF, Frankfurt: 6PH) (the “Company” or “Premier Health”), a company focused on developing innovative approaches that combine human skill-based expertise with emerging technologies for the healthcare industry, is pleased to announce that it has appointed Richard Atkins as the company’s Senior Vice President of Sales.  Richard’s responsibilities will encompass sales team leadership, accelerating revenues through optimizing the Company’s portfolio, and expanding the Company’s presence in both Canada and new geographies together with developing new partnerships. Richard’s successful career spans over 30 years in global business development and sales.…
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Royal Family ‘deeply disappointed’ as Prince Harry and Meghan fail to consult them before ‘stepping back’ – Telegraph.co.uk

January 9, 2020
The Royal Family is said to be “hurt” and “deeply disappointed” after the Duke and Duchess of Sussex “stepped back” as senior members without consulting the Queen, the Prince of Wales or the Duke of Cambridge. In an extraordinary statement released on Wednesday night, the couple announced plans to “step back” from their current roles and split their time between the UK and North America. The move left the 93-year-old monarch and royal aides blindsided as they had only “very recently” been made aware of the Sussex’s intentions. Aides stressed the announcement was “personal” and had not been approved by the palace.…
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The Difference Between Assisted Living And A Nursing Home – South Florida Reporter

January 8, 2020
As you get older, taking the steps to leave your beloved home is never easy. There are many different reasons why people decide to make this transition, and it can be challenging to determine what you need. The major difference between assisted living communities and nursing homes is that they provide different levels of care and services. Many places offer various facilities, and by going to CaringAdvisor, you can search for your perfect type. Here is what you need to know to decide between these two services: Assisted Living People that choose to move to assisted living homes are still mostly able to take care of themselves and don’t need constant supervision.…
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State website on healthcare facilities down for weeks – Atlanta Journal Constitution

January 8, 2020
UPDATE: The Department of Community Health’s facility search website is back online today after an outage that lasted more than a month. The search tool has a new interface, and DCH has a latest news item on its website that says the redesigned site is part of its effort to improve transparency. Check back on AJC.com for additional information on the changes. For the past month, consumers and advocates have not had online access to critical inspection reports on Georgia assisted living communities, personal care homes, nursing homes, hospitals and other health care facilities because the state’s website has been offline.…
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LTC Senior Management to Participate in the 2020 Stifel Seniors Housing and Healthcare Real Estate Conference – Business Wire

January 8, 2020
WESTLAKE VILLAGE, Calif.–()–LTC Properties Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced that senior management will participate in the 2020 Stifel Seniors Housing and Healthcare Real Estate Conference in Palm Desert, California on January 22, 2020. The Company’s presentation package will be available on the Company’s website at in the “Presentations” section of the “Investor Information” tab for a limited period following the event. About LTC Properties LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending.…
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Blueprint Arranges Sale of 185-Unit Assisted Living Community in Escondido, California – REBusinessOnline

January 8, 2020
Posted on by Jeff Shaw in Acquisitions, California, Multifamily, Seniors Housing, Western Las Villas Del Norte in Escondido, California, offers 185 units of assisted living and memory care. ESCONDIDO, Calif. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Las Villas Del Norte, a 185-unit assisted living and memory care community in Escondido. A publicly traded REIT sold the property for an undisclosed price. The buyer was a locally based and privately held real estate investment firm with experience repurposing senior care properties. Constructed in 1986 with an expansion completed in 2006, Las Villas Del Norte is situated in an affluent submarket north of San Diego.…
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