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Cambridge Closes 5 Percent of Senior-Housing/Healthcare Loans

Cambridge Realty Capital Companies claims it closed five of every 100 senior-housing/healthcare loans closed in the US during the first half of the year 2000. Chairman Jeffery A. Davis indicated the company's $75 million first-half loan volume was approximately five percent of the national volume projected by the National Investment Center. Davis noted that, nationally, $800 million of project financing was reported closed during the last quarter of 1999. This year's projected annual volume is expected to reach about $1.6 billion on the national level.

For more information, call (312) 782-9722 or visit www.cambridgecap.com.

Northeast Accounting Firms Merge

The merger of two accounting firms in the tri-state New York, New Jersey, Connecticut area--O'Connor, Davies & Co. LLP and Munns & Dobbins CPA--has created a large accounting and consulting conglomerate with a specialty in skilled-nursing homes and assisted-living residences. Both O'Connor, Davies & Co. and Munns & Dobbins have large practices in elderly healthcare and housing. Major clients include nonprofit charitable and religious order sponsorship facilities together with quality for-profit facilities.

For more information, call (203) 378-1152.

People on the Move


Hamilton

Michelle Hamilton was promoted to vice president of operations for Country Meadows, an assisted-living corporation owning communities in Allentown, Hershey and Wyomissing, Pa.

Guilford Capital Corp. promoted Sam Colson to vice president, chief financial officer; Pete Davis to vice president, director of investments; and Brett Cowden to assistant vice president, acquisitions.

Merrill Gardens appointed Wendy Gardner as managing director of quality services,Karen Gorsuch to Florida regional director of operations and Morei Lingle to manager of corporate training.

The Place at Vero Beach, an assisted-living community, named Christopher Slowinski to the position of director of admissions and marketing.

Love Funding added several new staff members, including William E. Jones Jr. as vice president, senior loan originator for the New York office; Chris Fenton as vice president, senior loan originator for the Lennox, Mass. office; and Richard C. Armstrong as first vice president, senior loan originator for the Atlanta office.

Thomas S. Bozzuto, CEO of The Bozzuto Group, a major residential development firm in Washington, D.C., was named chairman of the National Association of Home Builders' new Multifamily Executive Leadership Board.

DVI Mortgage Funding Inc. announced Marie Mascherin will join the FHA Multifamily lender as executive vice president and underwriter.

Must-See Sites

www.Infoaging.com Developed by the American Federation for Aging Research, this site provides the latest research on aging. Includes a disease center, biology center and lifestyle center.

www.nustep.com NuStep Inc., the manufacturer of the NuStep seated stepper, offers a Web site that gives senior-housing managers an opportunity to learn firsthand how senior-housing facilities have incorporated the use of the seated stepper into their wellness programs.

www.moen.com A Web site built for two distinct audiences, both consumer and trade, this cyberlink provides customized content on products, specs, parts and installation. There are also customer stories and online training modules.

Newsbreaks

Cooperative Accreditation Agreement Formed

Two accreditation bodies, the Continuing Care Accreditation Commission (CCAC) and CARF, announced a cooperative accreditation agreement for organizations providing assisted living, adult daycare and health-enhancement services. Susan Ganson, director of quality and education for CCAC, said consumers are the ultimate winners when organizations commit themselves to a rigorous certification process. Under the agreement, a provider already accredited by CCAC, or one seeking CCAC accreditation, may concurrently apply for accreditation by CARF. Although providers must apply separately to each accrediting body, fewer evaluators/surveyors will be required.

Call (202) 508-9471 or (520) 325-1044 for more information.

Sauder Manufacturing Acquires Wieland Furniture

Sauder Manufacturing Co., manufacturer of church seating and a leading supplier of seating furnishings to education, healthcare and government facilities, announced it had acquired privately-held Wieland Furniture Co. Weiland Furniture manufactures lounge group seating and tables for healthcare, institutional, contract and government markets worldwide. Under the general terms of the transaction, Weiland Furniture will be operated as a wholly owned subsidiary of Sauder Manufacturing. Wieland Furniture will retain its company identity. Founded in 1979, the family-owned business is based in Grabill, Ind.

For more information, call (800) 837-7123.

Moen Announces Plant Expansion

Moen Inc. announced its largest capital investment to date--a $32 million expansion of its state-of-the-art manufacturing facility that is expected to add 150 new jobs and significantly upgrade the plant's production capacity. In two phases, over three years, the expansion will add 70,000 square-feet to the Moen facility. Completion of the first phase is expected in late 2001. The plant is located in Sanford, N.C.

Visit www.moen.com for more information.

Microgen Inc. Disclaimer

An advertisement for Microgen Inc., in the December issue of Assisted Living Success, should have included an additional piece of information. While Microgen Inc. refers to its line of disinfectants as vaccines-for-the-surface, it wants to establish that its disinfectants are products and are manufactured and labeled in accordance with EPA requirements.

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