CCRCs Offer Opportunities to Build New Relationships and Social Connections with Like-Minded People, According to Senior Living Report Commissioned by Vi
Chicago IL (PRWEB) January 31, 2012
A new report by renowned gerontologist Ken Dychtwald Ph.D. challenges the popular myth that ones current home is the best option to continue an active social life and stay connected during post retirement years.
The reality is that that remaining in your home can result in growing isolation and loneliness in later life, said Dychtwald, psychologist, gerontologist, best-selling author and CEO of Age Wave. Senior living options, like a continuing care retirement community (CCRC), offer opportunities to create new friendships and social connections.
Titled Five Myths and Realities of Continuing Care Retirement Communities, Age Waves report and supporting research were commissioned by Vi, a developer, owner and operator of older adult living communities. The document is available in its entirety at Vi Living.
According to the report, friendships and close social connections are an essential source of happiness, and people age 60 and over are most likely to cite living family and friends as extremely important to their happiness more important than money or even health.
Yet, the report says, it is not uncommon for people who stay in their current home during post retirement to find that their friends and family move away, and many can feel increasingly lonely or isolated in their current home. Studies show that having low social interaction is as bad for your health as smoking fifteen cigarettes a day, is as dangerous as being an alcoholic, is as harmful as never exercising, and is twice as dangerous as obesity.
According to the report, residents of CCRCs say that it is the opportunity to meet, learn from, and engage in new activities with positive, stimulating, like-minded people that can make life brighter and fuller.
Said one interviewee in the report: The No. 1 benefit is that youre surrounded by successful, interesting people. You have a pretty good chance of finding people who may make an impact on your life.
In addition, the report said, residents often describe the staff as an extended family, which, together with visits from family and opportunities to meet family members of other residents, helps to create a dynamic, multigenerational social environment.
CCRCs offer independent living with a combination of a private residence, services, amenities and care (for example, assisted living, memory support care and skilled nursing care).
About Vi
Vi, formerly Classic Residence by Hyatt, was founded in 1987 as a developer, owner and operator of older adult living communities. The company is dedicated to enriching the lives of older adults by providing high quality environments, services and care. Vi currently operates ten continuing care retirement communities (CCRCs) and one rental community under a family of brands nationwide. For more information about Vi communities, visit Vi Living.
About Age Wave
Founded in 1986, Age Wave is the nations foremost thought leader on population aging and its business, social, healthcare, financial, workforce and cultural implications. Under the leadership of Founder/CEO Dr. Ken Dychtwald, Age Wave has developed a unique understanding of the body, mind, hopes and demands of new generations of maturing consumers and workers and their expectations, attitudes, hopes, and fears regarding retirement.
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Categories: Nationwide Retirement Tags: According, Build, CCRCs, Commissioned, Connections, LikeMinded, Living, Offer, Opportunities, People, Relationships, Report, Senior, Social
MissionIR News – AdCare Health Systems Announces Acquisition of Skilled Nursing and Assisted Living Center for $12.5 Million
Atlanta, GA (PRWEB) January 04, 2012
MissionIR would like to highlight AdCare Health Systems, Inc. (NYSE Amex: ADK). AdCare Health Systems is an expanding national leader in the development, ownership, and management of assisted living facilities, skilled nursing and retirement communities. The company’s 3,600 employees provide high-quality care for patients and residents residing in the 44 facilities that it operates.
In the companys news yesterday,
AdCare Health Systems announced the completion of the previously announced agreement to purchase a skilled nursing and assisted living community in Ohio. The final purchase price totaled $ 12.5 million, $ 1.0 million less than the initial purchase agreement.
The community has 179 beds in service and generates approximately $ 12 million in gross annualized revenues according to its most recent financials. The addition of this skilled nursing and assisted living center is expected to be immediately accretive to AdCares earnings.
This transaction brings the total number of facilities AdCares purchased, leased, or managed to 44 facilities since its M&A campaign began in the fall of 2009, with more than 3,900 beds in service.
The company told investors that it intends to continue pursuing an aggressive M&A program. Combining its current annualized run-rate with transactions in the process of closing, AdCares estimated annualized revenue run-rate is expected to exceed $ 300 million. This would represent an increase of more than 460% over the companys revenues in 2010, and an increase of more than 11 times revenues since initiating its M&A campaign in the fall of 2009.
After expanding our operations to Alabama, Arkansas, Georgia, North Carolina and Oklahoma, with this acquisition weve built upon our home base in Ohio, stated Chris Brogdon, AdCares vice chairman and chief acquisitions officer. These new facilities will leverage the professional support staff weve long maintained in the state, as well as enhance our overall economies of scale.
Were continuing to evaluate a number of attractive opportunities in the Midwest, as well as in the Southwest and Southeast with our M&A program and the integration of new facilities remaining our primary focus going forward, continued Brogdon.
Boyd P. Gentry, AdCares president and chief executive officer, stated, Our strategy of acquiring skilled nursing facilities is proving highly successful, not only in our closing rate and terms, but especially in our post-acquisition performance. We have been targeting facilities that have not traditionally concentrated on providing post-acute services, and then once acquired, we increase Medicare census and occupancy, as well as optimize reimbursement and patient care.
Historically, it takes our operations team a year to 15 months to fully harvest this opportunity in an individual facility, added Boyd. This means we still have optimization opportunities in our current portfolio, and significant upside exists in our pending acquisition pipeline.
AdCare finished last year with 29 new facilities placed under contract, and the acquisition of 18 facilities completed. The company expects to complete the acquisition of at least 20 more in the next three months, including five facilities in Oklahoma and the companys largest transaction to-date of 15 facilities across the Southeast.
About MissionIR
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company’s actual results to differ materially from those indicated in any forward-looking statements.
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Categories: Retirement Services Tags: $12.5, Acquisition, AdCare, Announces, Assisted, Center, health, Living, million, MissionIR, News, Nursing, Skilled, Systems
Renowned Gerontologist Ken Dychtwald Challenges Myths That May Mislead People Into Making Wrong Decisions About Best Options in Senior Living
Scottsdale, AZ (PRWEB) December 08, 2011
Ken Dychtwald Ph.D., today challenged five prevailing myths and misperceptions about the senior living concept known as the continuing care retirement community, or CCRC. Dychtwald, psychologist, gerontologist, best-selling author, and CEO of Age Wave, expressed his comments in a new report presented today at Vi at Silverstone, a Vi and Plaza Companies Community.
There are prevailing myths and misperceptions about CCRCs which do not match todays realities, and which can sometimes complicate or mislead decision-making, according to Dychtwald. As a result, people planning for retirement may be missing out on one of the better options available in senior living today.
Dychtwald said, It is the reasons for and psychology behind these myths that can be the most revealing. Some of these myths arise from memories and images of old-fashioned retirement homes our parents or grandparents may have lived in. Others are grounded in deeper concerns we may have regarding how to best optimize our health and independence in later life.
Titled Five Myths and Realities of Continuing Care Retirement Communities, Age Waves report and supporting research were commissioned by Vi, a developer, owner and operator of older adult living communities. The document is available in its entirety at http://www.ViLiving.com.
Meg Ostrom, Vis senior vice president and project director, said the purpose behind the research that went into the report is to help those looking at retirement choices to better understand the psychology that is often behind the misperceptions, and the reality, of todays CCRC offerings.
Today, deciding to move to a CCRC is typically a pro-active decision to have an active, fulfilling lifestyle while at the same time preparing for future care needs, Ostrom said. This is not a reactive move triggered or forced by poor health or other event.
According to Dychtwald, the research uncovered five major myths:
Categories: Social Security Retirement Benefit Tags: about, Best, Challenges, decisions, Dychtwald, Gerontologist, Into, Living, Making, Mislead, Myths, Options, People, Renowned, Senior, Wrong
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Daystar Retirement Villages Assisted Living Program Passes State Survey With Flying Colors
West Seattle, WA (PRWEB) November 21, 2011
Daystar Retirement Village, a Seattle Retirement Community, is pleased to announce today that after the Washington State Department of Social and Health Services (DSHS) Annual Inspection, its Assisted Living program received no citations.
Daystar Retirement Villages Resident Services department is directed by Anetta Townsend, LPN and Glenda Specht, RN.
Wendy A. McGee, CEO of The Powell Companies says I am so proud of our care staff. This is a testament to their loving, compassionate and professional service to our residents. A citation-free survey does not necessarily mean perfection, but it is a remarkable achievement and tells us, Youre on the right path. Job well done. Hearing that from DSHS makes us extremely happy and encourages us to continue providing care above and beyond the state requirements.
The Washington State Department of Social and Health Services (DSHS) Annual Survey is an unannounced inspection of licensed boarding homes. The survey measures over 150 regulatory standards that assisted living communities must meet at all times and evaluates everything from nursing services to activities, dietary department, social services, administration, medical records, admissions and much more. The inspectors thoroughly assess our employees on the job, talk with the residents and review documents.
About Daystar Retirement Village
Daystar Retirement Village is family owned and operated and located in West Seattle across from the Westwood Village shopping center. Offering both independent and assisted living options, Daystar makes it easy to live your life at your own rate. Our quality of life is complimented by our safe, family atmosphere where every day moves at your own desired pace. The natural beauty, active lifestyle and caring staff are just a few of the reasons many people call Daystar home. Pets welcome.
For more information, call 206.937.6122 or visit http://www.DaystarSeattle.com.
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Categories: Retirement Jobs Tags: Assisted, Colors, Daystar, Flying., Living, Passes, Program, Retirement, State, Survey, Villages
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The Town Plaza at Beatitudes.(CONTINUING CARE RETIREMENT COMMUNITY): An article from: Long-Term Living
The Town Plaza at Beatitudes.(CONTINUING CARE RETIREMENT COMMUNITY): An article from: Long-Term Living
This digital document is an article from Long-Term Living, published by Vendome Group LLC on March 1, 2011. The length of the article is 341 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.
Citation Details
Title: The Town Plaza at Beatitudes.(CONTINUING CARE RETIREMENT COMMUNITY)
Author: Unavailable
Publication: Long-Term Living (Magaz
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Categories: Arizona Retirement Community Tags: article, Beatitudes.CONTINUING, Care, Community, from, Living, LongTerm, Plaza, Retirement, Town
Redefining Retirement: Living it Now
Host Rosenda Rios and Zack Gipson, USAA vice president of Wealth and Retirement Planning, discuss financial strategies for living in retirement. Zack outlines the need to consider lifestyle choices, spend wisely and work with a professional planner during this stage of your life.
Categories: Retirement Living Tags: Living, Redefining, Retirement
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