Rebecca Elon named Clinician of the Year

The American Geriatrics Society has awarded Baltimore Washington Medical Center senior care geriatrician Dr. Rebecca Elon the Clinician of the Year award.

Elon will accept this award next month at the society's national conference in Seattle.

The award recognizes doctors who have gone above and beyond to deliver quality health care to older people by remaining accessible and communicating clearly to patients and families, by maintaining a high level of professional competence through continuing medical education and staying aware of social and ethical issues in the medical field, and by contributing to community health care efforts.

Elon has been with Baltimore Washington Senior Care since its inception in May 1997 and has served as the chair of Baltimore Washington Medical Center's Department of Geriatrics and Sunrise Assisted Living of Severna Park.

Elon is board-certified by the American Board of Internal Medicine in geriatrics. She is a member of the American Geriatrics Society, a founding board member of the Maryland Medical Directors Association, and a consultant for the U.S. Justice Department in matters regarding quality of geriatric services for elderly patients in state institutions.

Elon is also a faculty member at the Johns Hopkins and University of Maryland schools of medicine.


Source: Baltimore Sun

GE FinalizesMortgage for Senior Housing

GE Healthcare Finalizes $160 Million Mortgage for Senior Housing Properties

CHICAGO - GE Healthcare Financial Services has structured a $160 million senior-secured, 10-year first mortgage for Wakefield Capital, a Maryland based investor in senior housing properties. The financing was used to acquire 28 independent and assisted living properties in seven states.

“GE Healthcare Financial Services’ in-depth knowledge of the senior housing industry and our company helped to create a financing solution that meets both our short- and long-term capital needs," said Ed Nordberg, CEO at Wakefield Capital. "Their team of financial experts were able to move quickly to find a mutually beneficial deal structure that positions our business for growth."

Wakefield Capital LLC was created in May 2006, as a joint venture between Chain Bridge Capital and NorthStar Realty Finance Corporation -- a publicly traded REIT. Currently Wakefield owns over 80 senior housing properties nationwide.

GE Healthcare Financial Services has lending relationships with seven of the 10 largest assisted living providers, as ranked by Provider magazine, including Emeritus Assisted Living and Atria Senior Living Group.

Source: Web Wire