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senior living industry
Trends
- 1Senior living home bankruptcies leave families without savings●Promises unkept: Senior living home bankruptcies rob families of their life savings
Families who paid large upfront entrance fees to senior living communities are losing their life savings as operators file for bankruptcy. Contracts promised refunds of deposits when residents left or died, but failed facilities cannot honor them, leaving elderly residents and their relatives facing eviction and financial ruin with little legal recourse.
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The Jacksonville Jaguars have appointed Zane Collins as senior vice president for live entertainment, an executive role focused on the franchise's live events business. Collins will help oversee concerts and entertainment programming at the team's venues as the organization expands beyond football. No further details about his background or start date were given in the announcement.
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McKnight's Senior Living published its regular business briefs roundup for September 29, collecting corporate announcements and updates from across the senior living and care industry. The column format gathers company news, executive changes and other developments in one place for industry readers tracking the sector.