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• More than $800 million of project financing for seniors housing and long term care was placed during 4Q99, according to information recently released today by the National Investment Center for the Seniors Housing & Care Industries (NIC; Annapolis, MD). The amount of outstanding project financing placed by major lenders in the industry has reached $12.5 billion, with 97% of the loans deemed "performing" and less than 3% "non-performing." The current posting also includes a section on industry move-in rates. An average of 5.7 net monthly move-ins per property was found for almost 200 congregate care facilities nationally, while nearly 300 assisted living communities reported an average of five monthly move-ins for 4Q99, NIC says. For more information, visit www.nic.org or call (410) 267-0504.
• The Joint Commission on Accreditation of Healthcare Organizations (JCAHO; Oakbrook Terrace, IL) has accredited its first assisted living facility, King-Bruwaert House (Burr Ridge, IL). King-Bruwaert House was awarded accreditation following a thorough on-site evaluation, JCAHO says. The facility was evaluated, according to JCAHO’s new accreditation process, on its compliance with more than 180 standards that address both the care of residents and the management of the facility. King-Bruwaert House also received special recognition for achieving compliance with JCAHO's Health Services Coordination standards. Nearly 30,000 assisted living facilities provide care for 1.2 million seniors in America, JCAHO says. The new assisted living standards, which are posted on JCAHO’s Web site at www.jcaho.org, were developed in consultation with assisted living providers, relevant professional trade organizations, and consumer advocacy groups. The program was launched May 1, says JCAHO. Assisted living facilities interested in becoming accredited should call (630) 792-5265.
• The Alzheimer’s Association (Chicago) and Marriott Senior Living Services (MSLS; Washington) will begin a two-year collaboration to focus on improved Alzheimer’s disease care services in the United States. Through a contractual agreement, the association and MSLS will work together to develop MSLS staff training programs that will ultimately enhance the lives of individuals who have the disease. MSLS says its goal is to continuously upgrade the care of residents with Alzheimer’s disease and "provide the best care within the assisted living industry."