“5 Reasons Genworth’s Would-Be Buyer Could Still Close the Deal,” by Allison Bell, ThinkAdvisor “Here’s a look at five factors that may be working in favor of completion of this deal, based in part on an analysis of the deal prepared by a team at Hong Kong-based Orient Capital Research in November, and in part on a China Oceanwide preliminary senior notes offering memorandum dated July 10. The memorandum is marked ‘strictly confidential,’ but at least four organizations have posted copies of the memorandum on the web.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Sounds
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“Opinion: Why nursing homes are suffering from old age problems,” by Betsy Rust, MarketWatch “Remember nursing homes? Someday, perhaps as soon as the next decade, that’s how Americans may start to think about them — in the past tense, as institutional relics. The grim economic reality is that many nursing homes are facing extinction. In fact, I predict that the confluence of a number of trends — demographics, competition from nursing home alternatives, federal and state health-care policy and even technology — will mean as many as 20% of nursing home beds will be eliminated in the next five years.”
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“LTC deals led healthcare transactions for July,” by Emily Mongan, McKnight’s LTC News “Long-term care facilities dominated healthcare transactions compared to other sectors in terms of deal volume in July, according to a new update. . . . The trend is showing no signs of slowing down, Gary Herschman, an attorney with the firm Epstein Becker & Green, told Bloomberg. ‘As the baby boomers move into their 60s and 70s, investment continues in the long-term care sector, which expects a corresponding growth in demand for services in the near future,’ Herschman said.” LTC Comment (from Stephen A. Moses, President, Center
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“Why Parents Need to Be Willing to Cut Off Adult Children Financially,” by Maddy Dychtwald, Wall Street Journal “Among those Americans who give their adult children post-college financial support, the average amount given is $6,800 annually, according to the study, a four-year, 50,000-respondent investigation into the changing lifescape of retirement conducted by my firm, Age Wave, in partnership with Merrill Lynch.  And parents are gifting that money just as they are facing their own retirement head on. . . . Supplementing our young adult children might seem like a huge help to them now. But in the long run, perhaps
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“New York Life Promotes New Life Policy’s LTC Benefits,” by Allison Bell, ThinkAdvisor “An arm of New York Life Insurance Company has introduced a universal life insurance policy aimed at the long-term care planning market. New York Life Insurance and Annuity Corp., has designed the product, the New York Life Asset Flex policy, for sale solely in conjunction with an Accelerated Death Benefit for Long-Term Care Rider.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Click through to the article for details. New York Life Promotes New Life Policy’s LTC Benefits #goldencareagent #insurance  
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