Latest news with #ProgramofAll-InclusiveCarefortheElderly
Yahoo
a day ago
- Business
- Yahoo
Senior care, already challenged by pandemic and Boomers aging, needs Medicaid
PACE, the Program of All-Inclusive Care for the Elderly, centers provide government-funded medical care and social services to people older than 55, and they are a growing alternative to nursing home care. In the photo, physical therapist Brad Ellis, standing, works with George Raines on mobility issues at a PACE center in Tennessee. (Anna Claire Vollers/Stateline) Caring for Oregon's seniors has been my life's work. It began when I was a high school student in Hillsboro, and it continues today in my role leading Arete Living, an Oregon-based company that provides assisted living and memory care facilities. Our caregivers and staff provide essential care to hundreds of seniors and people with disabilities every day in all corners of the state. We meet people where they are, and we provide the care they need to sustain their independence and quality of life. The work is hard, but it is also incredibly rewarding and fulfilling. The last five years in senior care have been challenging to say the least. We faced a global pandemic and worked tirelessly to keep our residents safe and supported. And yet, with the pandemic behind us, I can say that I have never been more worried about the future of long term care in Oregon. At the federal level, discussions around cutting Medicaid are rampant and incredibly worrisome. At the state level, difficult decisions are being made about what programs to fund and what programs to cut. I am deeply concerned about what cuts to healthcare, or flat investments, will mean for our seniors as more Baby Boomers age into the years of their life when they need care, whether it is in an assisted living facility or in their own home. The increasing number of aging Oregonians who have more complex care needs than past generations, along with record-high inflation in medical supplies, food services, labor, and other critical health care components, means that the cost to provide care in Oregon is higher than it has ever been. These issues are felt more deeply in our rural and frontier communities where fewer caregivers are available and health care deserts already exist. Older Oregonians who have spent their lives in these communities should not have to move away from family and friends simply to find care. But Oregon is seeing assisted living and memory care facilities close their doors amid the combined pressures of more regulation, higher costs, and an underfunded Medicaid system. I know that lawmakers have hard choices to make, and I do not envy their positions. But I urge them to think about the seniors in their districts who have worked hard and contributed to Oregon's beauty and success. They deserve a long term care system that is well-funded and thriving. That will only happen when lawmakers step up and invest in Medicaid for our most vulnerable seniors, the same individuals we serve every day at Arete facilities and in others around the state. They are counting on us. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
27-05-2025
- Business
- Yahoo
Ziegler Advises on Sale of St. Paul's Plaza Senior Living Community in the San Diego MSA
CHICAGO, May 27, 2025 /PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is pleased to announce its role as the exclusive financial advisor in the successful sale of St. Paul's Plaza, a 155-unit senior living community located in Chula Vista, California. The transaction occurred on May 1, 2025, with the property being acquired by IRA Capital, a Southern California based private equity company. The seller was St. Paul's Senior Services, a nonprofit organization. Integral Senior Living assumed management of St. Paul's Plaza on behalf of IRA Capital at closing, marking a new chapter for the community and its residents. IRA will be investing significant capital into the community to enhance the residents' quality of life through common area renovations, increased activities and programming, and improving the dining experience. Ziegler leveraged its deep sector expertise to facilitate negotiations, conduct due diligence, and ensure a smooth closing that met the needs of both seller and buyer. "I am very impressed by the commitment and professionalism shown by the IRA Capital team during this transaction. They understood the unique desires of the not-for-profit seller and demonstrated the ability to carry forward St. Paul's contribution of fostering a compassionate and life-enriching environment for its residents," stated Humair Sabir, Managing Director at Ziegler, who also led the advisory team. St. Paul's Plaza, a well-established senior living community, presents an exciting opportunity for IRA Capital. "It was a pleasure to work with the St. Paul's organization and Ziegler on a smooth transition. It was clear there was full alignment from all sides on prioritizing resident needs and we look forward to continuing honoring St. Paul's legacy," added Azhar Jameeli, Managing Director at IRA Capital. The sale was a part of St. Paul's strategic focus on expansion and innovation in PACE (Program of All-Inclusive Care for the Elderly) as well as more affordable senior housing and healthcare solutions. "In addition to the services we provide today, St. Paul's is committed to addressing the growing needs of the 'hidden middle' — seniors who would do not qualify for subsidized care, but don't have enough to afford traditional senior housing and healthcare," stated Sophia Lukas, Chief Operating Officer at St. Paul's Senior Services. Lukas continued, "The sale allows us to refocus on St. Paul's original mission and vision of providing affordable and accessible solutions for seniors with modest financial circumstances." Ziegler's Senior Housing & Care Finance Practice is dedicated to delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas — healthcare services, information technology, hospitals, and senior living. Ziegler is one of the most active M&A firms, offering innovative sell-side, buy-side, recapitalization / restructuring, equity private placement, and strategic partnering services. For more information about Ziegler, please visit us at About Ziegler: Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm. It has a unique focus on healthcare, senior living and education sectors, as well as general municipal and structured finance. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance and Analytics. To learn more, visit Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client's experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees. Media Contact Christine McCarty, Ziegler, 3125961617, cmccarty@ View original content: SOURCE Ziegler Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Valir PACE Acquires Cherry Blossom PACE in Alexandria, Virginia - Expanding Quality Senior Care in Northern Virginia
OKLAHOMA CITY, May 22, 2025 /PRNewswire/ -- Further expanding its footprint in the senior care market, Valir PACE, a recognized leader in the Program of All-Inclusive Care for the Elderly (PACE), has acquired Cherry Blossom PACE from One Senior Care. This strategic acquisition strengthens Valir PACE's commitment to providing high-quality, comprehensive care to seniors in Northern Viriginia. Valir PACE brings over a decade of experience in delivering complete care services to seniors, supporting participants in maintaining their independence and quality of life. The organization currently serves seniors across more than 14 counties in Oklahoma, making it uniquely positioned to maximize the benefits of PACE for the Northern Viriginia community. "Valir PACE is known for its exceptional, person-centered approach to senior care, and we are excited to extend this high standard of care to the participants of Cherry Blossom PACE," said Joshua Kurtzig, CEO, Valir PACE. "Our mission has always been to provide the highest quality of care to the most vulnerable in our communities, and we look forward to building on the strong foundation established by the Cherry Blossom PACE team." One Senior Care, with a long history of supporting seniors in rural and Appalachian communities, views this transition as an opportunity to focus on its core mission while ensuring continuity of care for Cherry Blossom PACE participants. Both organizations are committed to a seamless, supportive transition for employees, participants, and their families. "One Senior Care is proud of our work in the Northern Virginia community, and we continue to believe in the ability of the PACE program to meet the needs of seniors. With Valir PACE's local mission, suburban footprint, and vision, we're confident in their ability to lead this accomplished team into an exciting new chapter." – Craig Worland, interim CEO of One Senior Care. About Valir PACE:Valir PACE is a leading provider of comprehensive senior care, offering a full range of medical, social, and supportive services designed to keep older adults living safely in their homes and communities. With a focus on personalized, person-centered care, Valir PACE has earned a reputation for excellence and innovation in the senior care space. For more information, please contact:Joshua Kurtzig, CEO, Valir View original content: SOURCE Valir PACE Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
InnovAge Earns Recertification as a Great Place to Work
InnovAge Employee feedback highlights pride in and commitment to serving the community InnovAge InnovAge Earns Great Place to Work Recertification DENVER, May 07, 2025 (GLOBE NEWSWIRE) -- InnovAge, a leading provider of Program of All-Inclusive Care for the Elderly (PACE) services, is proud to announce its recertification as a Great Place to Work®. This recognition reflects the company's continued commitment to fostering a purpose-driven workplace where employees feel supported and empowered to deliver exceptional care to seniors. The prestigious certification is based entirely on what current employees say about their experience working at InnovAge. In the 2025 survey, 85% of employees said they were proud to work for an organization and a mission that was making a difference and contributing to the well-being of their communities. 'InnovAge's mission is rooted in care, not only for our participants but for the people who serve them every day,' said InnovAge CEO Patrick Blair. 'Being recertified as a Great Place to Work is reflection of who we are inside and out. I'm proud of our dedicated employees who make InnovAge an extraordinary place to work and make a difference in the lives of older adults.' The certification process involved survey outreach to 100% of employees from across InnovAge's locations and evaluating over 60 elements of team members' experience relating to their jobs. These elements included, for example, employee pride in the organization's community impact, belief that their work makes a difference, and feeling their work has special meaning. Rankings are based on employees' experiences, regardless of the positions they hold or the specific services they provide. 'This recognition reflects the heart of who we are as an organization,' said Dustin Lee, Chief People Officer at InnovAge. 'Our employees bring extraordinary dedication and compassion to their work, and we are equally committed to supporting and nurturing that passion for serving seniors and their families.' Media Contact Lara Hazenfield InnovAge Public Relations & Content Creation Manager lhazenfield@
Yahoo
01-05-2025
- Business
- Yahoo
New affordable housing community coming to San Diego
NOTE: The video above provides information on whether to buy or rent a home. SAN DIEGO (FOX 5/KUSI) — San Diego city officials on Wednesday broke ground on a new affordable housing complex in the Cortez Hill neighborhood. Kindred, located at the Central District Core on Sixth Avenue, is an eight-story development that will consist of 125 affordable apartments and one manager's unit, nonprofit affordable housing owner and developer BRIDGE Housing said in a news release. 'Access to affordable housing helps children succeed in school, empowers adults to contribute to their neighborhoods, and allows seniors to age with dignity. But the cost of housing in San Diego is simply out of reach for too many individuals and families,' said BRIDGE Housing President and CEO Ken Lombard. La Jolla's proposed split from the city of San Diego moves forward The complex will feature outdoor courtyards, ground floor community areas and management offices, and approximately 4,400 square feet of commercial space. Of the 125 apartments, 62 will be one-, two- and three- bedroom apartments that are for households earning up to 60% of the Area Median Income (AMI). The other 63 one-bedroom units will be saved for formerly homeless seniors support by the Program of All-Inclusive Care for the Elderly (PACE). 'Every new home we create brings us closer to the San Diego we know is possible: one where everyone has a roof over their head at a price they can afford,' said San Diego Mayor Todd Gloria. Other amenities in the neighborhood include public transportation, Balboa Park, museums, theaters and the San Diego Zoo. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
