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Long-term care providers clamor for innovation to avert closing shop

Among struggling nursing homes, closures jumped during the main pandemic years, even as those selling to for-profit organizations declined ....

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Why Senior Living Companies Must Take More 'Intelligent Risks' in 2024

Why Senior Living Companies Must Take More 'Intelligent Risks' in 2024
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Bankruptcy at an Illinois retirement community has financial impact on residents and families too

At age 88, World War II veteran Robert Kroll moved to Friendship Village of Schaumburg, Illinois, a retirement community where he would be taken care of until death, and so his children would get their inheritance after he died. He paid an entrance fee of $124,000, plus about $2,400 a month, to guarantee that he would always get housing and medical care even if he ran out of money, with the . ....

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