Greystone provides $ 15.8 million bridge loan to

NEW YORK, July 20, 2021 (GLOBE NEWSWIRE) – Greystone, a leading national commercial real estate finance company, has provided a $ 15.8 million bridge loan for the acquisition of a nursing campus, of memory and personal care in Erie, PA. . Funding was initiated by Fred Levine, Managing Director of Greystone.

The purchase of Sainte-Marie-East renowned Nightingale Nursing and Rehabilitation Center, has been secured by a two-year, interest-only, short-term, variable-rate loan which Greystone will endeavor to transition to permanent funding provided by HUD. The complex comprises six buildings comprising 139 specialized nursing beds, of which 39 are dedicated to memory care residents; 131 approved personal care beds; and 91 residential housing units.

“This is the first step in the process of transitioning to the HUD and continuing our commitment to providing liquidity to healthcare providers,” said Mr. Levine.

“We see a lot of potential in the old St. Mary’s East campus, in part due to the large number of private rooms for residents,” said Dov Braun, principal borrower. “Implementing our operational plans and enhanced resident care programs to continue and strengthen Saint Mary’s reputation for exceptional resident care is our priority. “

About Greystone
Greystone is a national private commercial real estate finance company with an established reputation as a leader in multi-family and healthcare finance, having been ranked among the top lenders by FHA, Fannie Mae and Freddie Mac in these sectors. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and / or other companies affiliated with Greystone. For more information, visit www.greystone.com.

PRESS CONTACT:
Karen marotta
Gray stone
212-896-9149
[email protected]


Source link

Mercer Hill luxury retirement community takes inspiration from downtown Doylestown

The Township of Doylestown has a new art studio, cinema, music conservatory, pub, lounge and steak house.

To participate, you must be 62 years of age or older.

the Mercer Hill in Doylestown promises a luxury retreat by living in a sprawling neighborhood designed to resemble Doylestown’s Main Street.

Across the United States, operator Merrill Garden is building communities of seniors that may be more like hotels for business travelers.

The most recent development of Merrill Garden began in July 2019 off South Easton Road in the township. This community of 164 units will also have a general store, post office, outdoor patio and fire pit, lavender field and horse.

Mercer Hill in Doylestown, a 164-unit retirement home, will open in November.  The facility will offer on-site amenities to its residents including a movie theater, general store and pub in an interior setting inspired by Main Street.

The developers are playing on a rapidly growing population of retirees who want more than a good game of bingo.

By 2050, one in five Americans could be 65 and over, according to the U.S. census. Currently, some 811,000 Americans live in about 28,000 elderly communities in the United States, estimates the CDC.

In Pennsylvania, 64% of senior residents are 86 and older and 40% have Alzheimer’s disease or some other form of dementia, according to the National Center for Assisted Living.

Mercer Hill’s first tenants in Doylestown could move in by November, property manager Deb Bodnar said.

A model studio at Mercer's in Doylestown. [MICHELE HADDON / PHOTOJOURNALIST]

The retirement home boasts of its proximity to Doylestown’s shops and restaurants and local architecture. Community cinema is inspired by that of Doylestown County theater, and the activity center designed to resemble Joseph Ambler Inn. The pub in the retirement home will look like the Doylestown Inn, a doctor’s office is modeled on the Court Street Borough Hotel, and the outside of the living room will look like Paper Unicorn Shop on the main street.

Mercer Hill said the campus would cater to those seeking independent living, assisted living, and a memory care section will be limited to people with Alzheimer’s disease and other forms of dementia.

Independent living starts at $ 2,750 per month and includes three meals a day, weekly housekeeping, basic cable, and community activities. Personal care starts at $ 4,800 per month. Memory care ranges from $ 5,000 to $ 7,475.

In memory care, you don’t just deal with dementia, but also anxiety and depression, ”Bodnar said. “We will create safe spaces. So you can do it on the walking trail. You can engage in activities and we will have reminiscence activities. “


Source link

Special Needs Dentist Grand Prairie Dallas TX Updates

Grand Prairie, Texas, United States, July 18, 2021 (GLOBE NEWSWIRE) – – July 18, 2021 / PressCable / –

Disability Dental, specialist oral health experts based in Grand Prairie, TX, have launched updated services for patients with autism, cerebral palsy, mental retardation, Alzheimer’s and Down syndrome. The launch expands the company’s dental specialties to residents of Arlington, Irving, Duncanville, Carrollton, Cedar Hill and the wider Dallas-Fort Worth area.

More details can be found in recent media coverage here https://finance.yahoo.com/news/disabilities-special-needs-dentist-duncanville-054500702.html

The recently updated services cover a full range of dental treatments, including preventive, restorative, general examination and sedation procedures for patients with special needs.

According to MedAlertHelp, approximately one billion people around the world live with some form of disability. Some patients with physical disabilities may find it difficult to attend standard surgery, while those with psychological disorders may experience increased anxiety and be less able to understand and cooperate with treatment.

Dental Disability advocates regular check-ups to ensure optimal dental health, stopping the spread of plaque and decay before they become more serious problems. The clinic offers personalized and dedicated care, adapted to the needs of each client. The team coordinates with caregivers to ensure that every aspect of a patient’s condition is considered in the treatment plan. More information here https://apnews.com/press-release/MarketersMEDIA/business-health-0a817e06966fb1c0973b50c0a8132e92

The clinic is able to receive disabled patients from 13 years old. The team brings a combined experience of over 50 years in the dental field of people with disabilities, equipping them to face the most difficult behaviors.

Clients can also benefit from the clinic’s range of restorative dentistry procedures. These include repairing or replacing missing teeth using dentures, partial dentures, and fixed bridges.

Disability Dental provides state-of-the-art service for patients. With state-of-the-art digital equipment, including digital panoramic radiographs that minimize radiation, clients can benefit from the latest advances in dental technology.

Led by Dr. Frank E. Ford, who has provided specialist dental care in the Dallas-Fort Worth area for over 25 years, Disability Dental is a dedicated team of like-minded professionals committed to ensuring that patients of the region receive tailor-made treatment. care programs they need.

A spokesperson said: “Our comprehensive dental services enable patients with special needs to achieve and maintain optimal oral health. We offer a gentle, chairside approach, even when it is difficult to work with a patient. “

With the launch of their updated treatments for patients with special needs, Disability Dental continues to make high quality dental care accessible to the most vulnerable members of society.

For more information, please visit https://www.disabilitydental.com


        


Source link

Specialty chemicals maker Rossari to acquire Tristar Intermediates for ₹ 120 cr

MUMBAI :

Bombay: Rossari Biotech Ltd, a manufacturer of specialty chemicals, announced Sunday that its board of directors has approved the acquisition of Tristar Intermediates Pvt. Ltd, the company said in a statement.

According to the agreement and subject to the usual closing conditions, Rossari will acquire 100% of the share capital of Tristar Intermediates. Seventy-six percent of the share capital will be acquired upon closing of the transaction, and the balance 24% over the next three years. The total enterprise value of the transaction is 120 crores.

Rossari plans to fund the investment in cash on its balance sheet and does not intend to incur debt for the acquisition, the statement said.

“The transaction brings together two companies with strong potential in the field of specialty chemicals. The mix of capabilities will add scale, provide cross-selling opportunities and accelerate Rossari’s growth, while significantly improving long-term value creation. The synergistic acquisition provides Rossari with an enhanced product portfolio, a stronger presence in new and untapped international markets and access to new technologies, ”the statement said.

The promoters of Tristar will continue to run the company for at least the next three years.

Tristar Intermediates, established in 1998, specializes in the manufacture of preservatives, aromatic chemicals and additives for the home and personal care. Based in Thane, Maharashtra, Tristar Intermediates is a preferred supplier to various reputable companies and multinationals in India, Europe, United States and countries of the Far East. Although it has a strong presence in the personal care and home care segments, the company’s wide product line also has applications in various industries such as pharmaceuticals, textiles, paints, automotive. , agrochemicals and others. Tristar Intermediates has manufacturing facilities in Sarigam (Vapi), Gujarat, with a total capacity of 15,000 MTPA.

In fiscal year 21, Tristar Intermediate sales amounted to 110.5 crore, with an Ebitda of 15.6 crore, Ebitda margins at 14.1% and PAT at 10.4 crores. In FY21, the personal care segment contributed 60% of revenue, and exports accounted for 53% of revenue.

“The combined capabilities will provide strong growth momentum and allow us to further expand into high potential product categories of personal care and home care, among others. The addition of new international markets, cross-selling opportunities, talent and technological know-how will also boost business efficiency, ”said Edward Menezes, promoter and executive chairman, and Sunil Chari, promoter and general manager by Rossari Biotech.

Based in Mumbai, Rossari operates two manufacturing plants in Silvassa and Dahej. The company offers tailor-made solutions for the home, personal care and performance chemicals, specialty textile chemicals, and animal health and nutrition.

To subscribe to Mint newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now !!


Source link

Direct care crisis ‘will explode’ without immediate government support, warns PHI

From low wages to a lack of career advancement opportunities, there are a number of issues plaguing the healthcare workforce.

Under the current presidential administration, however, it is possible to re-examine the state of the caregiver workforce and implement several changes that could improve the profession, thereby ensuring care for the elderly.

PHI, a New York-based direct care workers’ rights organization, has proposed nearly 50 federal policy recommendations as part of a new report published Wednesday. The recommendations are directed to the White House, Congress and various government agencies.

“Our country is at a critical juncture regarding this workforce,” Robert Espinoza, vice president of policy at PHI, told Home Health Care News. “The pandemic has reinforced the enormous worth of these workers, the challenges they continue to face and how these issues endanger the lives of workers and the people they support.”

Overall, there are approximately 4.6 million direct care workers in the United States. Usually this includes orderlies, home health aides and nursing assistants.

More and more seniors rely on caregivers to stay independent at home. When you consider the aging population, about 70% of people have serious long-term service and support needs, according to the Global Coalition on Aging.

Despite the increased need for caregivers, almost half of workers live in or near poverty.

In fact, the median salary for caregivers is comparatively lower than the median salary for other jobs with similar entry requirements, such as janitors, retail salespeople and customer service representatives, according to PHI.

This helps keep people off the field, making it difficult for home care providers to recruit and retain caregivers.

“We hope that a new presidential administration which has already presented an ambitious plan to increase the wages of home care workers will continue to advance measures that address the many problems facing this workforce,” said Espinoza.

As part of its report, PHI calls on Congress to enact and fund legislation that would establish a federal social insurance program in long-term care and fund states to improve their home and community service infrastructure ( HCBS).

Other long-term care funding efforts include: supporting alternative funding models, reforming Medicaid, and creating an “HCBS Workforce Plan” that defines the costs of supporting workers in the long term. Home Care.

The report also recommends measures that would implement a national strategy to improve the salaries and benefits of carers, promote financial support programs and finance the creation of state or regional public authorities to improve the quality of employment. .

In terms of a national compensation strategy, PHI suggests that the Centers for Medicare & Medicaid Services (CMS), the Administration for Community Living, the US Health Resources and Services Administration, and the US Department of Labor should collaborate on a plan that meets the workforce concerns. . This includes developing specific recommendations on state Medicaid rates to ensure competitive salaries and benefits.

PHI also suggests establishing a national competency-based training standard. In addition, CMS should create minimum federal training standards for nursing assistants, the advocacy organization believes.

“One recommendation that emerges from the report is that various federal agencies work with stakeholders on the ground to establish a national standard for direct care skills that applies to all members of this workforce, which would improve the quality and consistency of training in these workers, ”Espinoza told HHCN.

Additionally, PHI highlighted various recommendations regarding career advancement opportunities for caregivers, data collection and monitoring for this employment sector, as well as leadership opportunities for caregivers.

Looking ahead, there will be dire consequences if the United States is unable to move forward on some of the PHI recommendations, Espinoza warned.

“If the federal government does not immediately prioritize this workforce, the direct care crisis will explode – millions of workers will continue to suffer financially, employers will not be able to fill the 7.4 million jobs. jobs in direct care that our research estimates will occur between 2019 and 2029, and older people and people with disabilities will not receive the care they deserve, ”he said.


Source link

Medline and InComm Payments Team to Streamline OTC

Healthcare company Medline and payment technology company InComm Payments are teaming up to improve the experience of managed health plan members purchasing over-the-counter (OTC) products, according to a Press release.

The partnership will focus on creating more flexible ways to pay for over-the-counter items, such as first aid, home diagnostics, personal care, medication and bath safety, the release said. Health plan members can use a preloaded OTC Network card to purchase products covered by their insurance plan. Members will be able to pay through the Medline e-commerce home site, in person in stores or over the phone.

Pat Twohig, vice president of Medline Homecare and Managed Care, said in the statement that the partnership aims to make healthcare easier.

“We are seeing that health insurance providers are putting more emphasis on going beyond a transactional relationship with their members and implementing programs that retain consumers,” he said. stated in the press release. “By partnering with an innovative technology company like InComm Payments, we can enable health plan members to get their products faster and create a positive experience that helps insurers continue to grow their membership base.

Executive Vice President of InComm Payments Brian parlotto said in the statement, “Our OTC network continues to gain popularity among health plan members, who appreciate the ease with which they can receive and spend their benefit money, and among health plans, which see reduced health care costs through better results for members. By partnering with Medline, we are increasing the efficiency and convenience with which Medicare members can access the health products that keep them healthy and happy in the short and long term.

In related news, InComm announced a partnership with Flexa earlier this month, to make merchants more accepting of digital currency. Those who were already logged into InComm will be able to accept bitcoin and other cryptocurrencies.

“As digital currencies gain popularity and rapidly gain adoption by consumers, it is essential for retailers to follow a wide range of payment options,” InComm Payments President Stefan Happ said at the time.

——————————

NEW PYMNTS DATA: STUDY PUTTING LOYALTY AT THE SERVICE OF SMALL BUSINESS – UNITED KINGDOM EDITION

About the study: UK consumers see local purchases as essential for both supporting the economy and preserving the environment, but many local High Street businesses are struggling to get them in. In the new Making Loyalty Work For Small Businesses study, PYMNTS surveys 1,115 UK consumers to find out how offering personalized loyalty programs can help engage new High Street shoppers.


Source link

State Department of Health reports 3 days total of 547 new cases, 13 more deaths – CBS Pittsburgh

By: KDKA-TV News Staff

HARRISBURG (KDKA) – The Pennsylvania Department of Health reports a three-day total of 547 new coronavirus cases and 13 additional deaths.

READ MORE: Pennsylvania’s instant gun background check system sees drop for first time in a year

That brings the statewide total to 1,214,320 cases and 27,750 COVID-19-related deaths since the start of the pandemic.

There are 267 people across the state in hospital with COVID-19, and 58 patients are in intensive care.

The state reports that 11,332,589 total doses of vaccine have been administered and 5,560,626 people are fully immunized. So far, 61.2% of Pennsylvanians aged 18 and over are fully vaccinated.

All Pennsylvanians 16 years of age or older are eligible for the vaccine, and eligibility for the Pfizer vaccine was extended to children ages 12 to 15 on May 10.

READ MORE: Suspected bank robber arrested after Armstrong County chase

If you have any concerns about the virus, you can consult the COVID-19 Early Warning Monitoring System Dashboard

To date, 4,818,287 people have tested negative for COVID-19.

There were 72,102 cases among residents and 15,571 cases among employees of licensed nursing and personal care homes statewide. Of all the total deaths, 13,367 occurred in residents of nursing or personal care facilities.

The state also reports that 29,071 healthcare workers were diagnosed with COVID-19 during the pandemic.

NO MORE NEWS: Ohio Township Police search for ‘very suspicious’ man caught staring in windows late at night

More information on the coronavirus pandemic:


Source link

Invest in Connecticut’s Continuum of Community Care Before It’s Too Late

For patients with severe mental illness, home behavioral health may be one of the few, if not the only, connection between them and the community in which they live. As part of a larger set of services known as skilled home health care, home behavioral health enables these patients to receive physical and mental health care, as well as administration and monitoring. medication, in the comfort of their own homes, rather than in a large facility. such as a skilled nursing facility, residential psychiatric hospital, or correctional facility.

According to Connecticut Association for Home Health Care, skilled home health services saved the state more than $ 500 million in Medicaid costs over the past decade. Functioning as the only place of care designed to respond to acute changes in complex medical conditions that, left untreated, send patients to hospitals and other institutional settings, skilled home health services are a major driver of savings within of the Connecticut Medicaid System.

However, reimbursement rates for essential skilled home health services have been stable since 2007, and behavioral home health services have been reduced by 15 percent in 2016. The result of the state’s neglect to invest in qualified home health programs in almost 15 years, is a sector under significant financial pressure as there is a direct relationship between reimbursement and the capacity of health care providers to invest in clinicians and services. capabilities.

Fortunately, Connecticut now has the opportunity to remedy this situation. The state is currently developing its plan on how to use a temporary 10% increase in its Federal Medical Assistance Percentage (FMAP), which was included in the recently passed American Rescue Plan Act of 2021 (ARPA). It is critically important that Connecticut use these funds as a means to provide temporary but much needed investments in its continuum of community care. For the community care system to function properly, the entire community care continuum must be healthy. Connecticut’s decision not to make a single investment in skilled home health services over the past 14 years is clearly unhealthy.

Without skilled home health services, many patients, including those enrolled in personal care programs, would not be able to stay in their homes and communities. Never has this care been as important as during the last 15 months of the COVID-19 pandemic.

As an example, consider the real story of a 30-year-old patient who lived alone in Bridgeport, with a primary diagnosis of paranoid schizophrenia. When the COVID-19 pandemic struck, her community took charge of either converting to remote service delivery through telehealth or shutting down altogether. Her behavioral home care plan required skilled nursing care to deal with significant physical health issues concurrent with her diagnosis of schizophrenia and the administration and monitoring of her medications – services that simply could not be “suspended.” Or successfully delivered “remotely” for that patient.

For months, the only person in this patient’s home each day was his home behavioral health nurse. In fact, he was so dependent on his myriad of services that after losing them, he asked his behavioral health nurse how he could eat, as the person who traditionally helped with meal delivery and preparation was not coming. more at home. Fortunately, the nurse was equipped to act quickly and ensure the placement of a home health aide to allow the delivery and preparation of meals for the patient. This is why he was able to stay in his community throughout the pandemic, and still does today.

I use this example because it frames the criticality of consistent service delivery from home behavioral care providers under any circumstance. Despite the great challenges and personal risks of delivering healthcare during the pandemic, Connecticut’s home behavioral health clinicians have come forward for their patients every day, as they always do. While this commitment makes all the difference for their patients; The daily efforts of these clinicians are also critical to the health and effectiveness of Connecticut’s larger continuum of care.

Recent proposals to use $ 200 million in ARPA funds to increase personal care worker wages to $ 21 an hour and call for more funding for pediatric home care providers indicate real and significant needs, and although they are substantial, they also do not represent the best use of temporary ARPA FMAP. stimulate or provide long-term solutions to stabilize Connecticut’s continuum of community care, damaged by COVID-19. Instead, Connecticut is expected to use the ARPA FMAP boost to provide a temporary 10% tariff surcharge for all qualifying home and community services (HCBS). This simple, straightforward approach will bring some relief to every segment of the continuum of care, allowing the Connecticut legislature and Governor Lamont’s administration the time needed to plan for the longer term.

While terrible in every way, the COVID-19 pandemic has clearly demonstrated our fundamental interdependence with one another. The same is true of our health systems, each component must work together with the other to deliver the maximum benefit to patients. We sincerely hope that Connecticut policy makers take this basic truth into account and prove it in Connecticut’s ARPA FMAP plan.

Cale Bradford is the head of government relations at Caring elara, one of the nation’s largest home and community health service providers and provides daily care to 60,000 beneficiaries in 16 states with more than 3,500 behavioral health clients in the Bridgeport, New Haven and Hartford areas, Connecticut.


CTViewpoints welcomes rebuttals or opposing views to this and all of its comments. Read our guidelines and submit your comments here.


Source link

Proof of vaccination is now required for employees of Revera long-term care homes

WINNIPEG – Workers at one of the largest operators of long-term care homes in Canada are now required to show proof of COVID-19 vaccination.

A Revera spokesperson confirmed to CTV that a new policy, effective July 1, states that all staff working in care homes owned and operated by the company should be vaccinated, except when this is not possible in due to medical exceptions.

“Revera expects all staff to be vaccinated against COVID-19 if they are able and will seek a documented medical reason from those who are not,” the spokesperson wrote in a statement.

Unvaccinated Revera staff must undergo daily testing, and personal protective equipment requirements will remain in place even when no longer mandated by public health authorities.

The company added that vaccination will be a condition of employment for new recruits, unless this is not possible due to “legitimate and established exceptions.”

“We are grateful to the many staff who have already been vaccinated and to our union partners who have supported and encouraged staff vaccinations,” the spokesperson said. “This policy is one more step to protect both our residents and our staff as we continue to fight this deadly virus, particularly the emergence of several worrying variants. “

Two Revera-owned nursing homes in Winnipeg were the sites of two of the deadliest outbreaks in Manitoba; Maples Personal Care Home and Parkview Place.

The Maples Personal Care Home has experienced the deadliest COVID-19 outbreak in a personal care home, with 55 residents dying from COVID-19. During the outbreak, 62 staff and 153 residents tested positive for COVID-19.

The COVID-19 outbreak at Parkview Place was also one of the deadliest in the province, with the deaths of 29 residents linked to COVID-19. There were 39 staff and 119 residents who tested positive during the outbreak.


Source link

Even Bonuses of $ 10,000 and More Don’t Reduce the Shortage of “Critical” Nurses in Western Pennsylvania

Some health officials deem the shortage of nurses in western Pennsylvania “critical,” reports the Pittsburgh Tribune-Revue.

The shortage is occurring in a region characterized by a rapidly aging population and shrinking workforce, and has only been exacerbated by the pandemic.

The UPMC and the Allegheny Health Network, both based in Pittsburgh, posted more than 2,200 RN and RN positions online last week, according to the Tribune-Revue. UPMC, the state’s largest employer, offers recruiting bonuses of up to $ 10,000 for registered nurses, while AHN offers up to $ 15,000 for more experienced nurses.

Some personal care homes and assisted living facilities pay up to $ 50 an hour to fill urgent vacancies for unlicensed caregivers, said Margie Zelenak, executive director of the Pennsylvania Assisted Living Association. At least two personal care homes told him they had decided to close in recent weeks, with one citing an inability to hire help.

Since May 2020, employment in nursing homes and residential facilities in the six-county area has fallen by 1,100 workers, according to the United States Bureau of Labor Statistics.

“We’re struggling to hire to fill positions,” said John Dickson, president and CEO of Redstone Presbyterian SeniorCare, based in Greensburg, Pa. Even before the pandemic, Redstone worked through the Healthcare Council of Western Pennsylvania to bring in nurses from the Philippines.

Greensburg-based Excela Health, which operates three hospitals and several outpatient care facilities, plans to implement an international contract for nurses this fall, a spokesperson told the Tribune-Revue.

In 2018, AHN recruited 150 graduate nurses from the Philippines and the Caribbean Islands, who have similar professional standards. Claire Zangerle, DNP, MSN, chief nurse at AHN, said the program, which requires nurses to come with three-year work visas, has been successful with a high retention rate.


Source link