“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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“The Longevity Revolution and Its Emerging Economy,” AgeWave “Andy Sieg, Head of Merrill Lynch Wealth Management, and Age Wave CEO Ken Dychtwald teamed up to deliver the keynote ‘The Longevity Revolution and Its Emerging Economy’ at last month’s annual IAGG World Congress of Gerontology and Geriatrics-the largest worldwide conference on aging hosted over 6,000 professionals in gerontology and geriatrics.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Spend an hour contemplating the challenges of aging with the master, AgeWave’s Ken Dychtwald. The Longevity Revolution and Its Emerging Economy #goldencareagent #longevity  
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“‘Beyond amyloid’: A look at what’s next in Alzheimer’s research,” by Damian Garde, STAT “t’s neuroscience’s oldest and most acrimonious debate. On one side, scientists who aver that blasting away toxic plaques called amyloid is the best path toward treating Alzheimer’s disease. On the other, frustrated skeptics ready to ditch the amyloid hypothesis once and for all. But a parade of failed clinical trials has seeded a growing middle ground of agnostics and stoked a bevy of new research efforts, as “the field in general — and our pharma colleagues — are recognizing that they need to think beyond amyloid,”
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“Where prospects carry the most student loan debt,” by Lois A. Bowers, McKnight’s Senior Living “Student loan debt is increasing among older adults, according to data released Friday by the Consumer Financial Protection Bureau, suggesting that more prospective senior living community residents may face a big impediment to making a move.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Newest way to qualify for Medicaid: don’t pay off your student loan debt. Where prospects carry the most student loan debt #goldencareagent #studentloan  
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“LifePlansTCG Agrees to Acquire,” LTCG, Inc. press release “LTCG, the recognized leader in business processing outsourcing for long term care insurance, just announced it has signed a definitive agreement to acquire LifePlans, Inc., a national provider of innovative risk management solutions for insurers and its Canadian division LifePlans LTC Services, Inc. The agreement covers the purchase of LifePlans’ long term care and related risk management services and assets from Munich American Reassurance Company (Munich Re, U.S. (Life)). Munich Re, U.S. (Life) will retain LifePlans’ healthcare services business and operate under the name LP Health Services, LLC.” LTC Comment (from Stephen
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“LTCG to Acquire Munich Re’s Long-Term Care Insurance Arm,” by Allison Bell, ThinkAdvisor “Long Term Care Group Inc. reported today that it has agreed to buy the LTCI-related operations at LifePlans Inc. from LifePlans’ parent, Munich Re.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): More coming after we speak with LTCG CEO Peter Goldstein. LTCG to Acquire Munich Re’s Long-Term Care Insurance Arm #goldencareagent #ltcg  
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