HUD-Insured Financing For Long-Term Care Facilities
May 18, 2010, 3:57 PM EDT
Law360, New York (May 18, 2010, 3:57 PM EDT) -- As the traditional saying goes, money is honey, but health is wealth. Few of us would dispute that good health is of paramount importance, especially as all of us expect to live longer lives than those of previous generations. This is reflected in the fact that health care has become an enormous portion of our total economy.
Long-term care services, consisting of nursing homes, assisted living facilities and other institutions serving the needs of patients requiring long-term health care, account for approximately 10 percent of total...