| Clifton Park Expert Reports One-Third of Long-Term Care Insurance ...
CLIFTON PARK, NY -- (02/08/2007; 1100)(EIS) -- Eight million Americans now own the protection afforded by long-term care insurance according to Philip C. Gallant, CLTC, CSA, Senior Vice President of New York Long-Term Care Brokers, Ltd. While most people associate long-term care insurance with nursing homes, a just-published study reveals the bulk of benefit dollars actually pay for home care or assisted living. The American Association for Long-Term Care Insurance found that more than $3.3 billion in benefit payments was paid out to individuals during 2006 -- the highest annual payout. The Association data reveals how those monies were allocated. They learned that one-third (33.91%) of the long-term care benefit payments were allocated for home care, almost 30 percent (29.63%) of payments went for assisted living costs while the balance (36.46%) was allocated for nursing home care.
Greenburgh has beef with longtime hot-dog stand
GREENBURGH - Michael DiFate wants someday to give his father's popular hot-dog stand to his son, who would then pass it on to his son and keep the family business going. But the town of Greenburgh has a different idea. Mickey's snack bar was forced to close last month - after 78 years of selling food on Jackson Avenue - when the Building Department decided to enforce a pair of local laws that bar roadside vendors and ban businesses in residential neighborhoods. The DiFates are now fighting Town Hall to reopen the hot-dog cart, a 20-foot-long truck they spent thousands of dollars to renovate. They pleaded their case yesterday in Town Court, but the judge would not allow them to operate while the case was pending. The controversy has astonished Michael DiFate, a 63-year-old electrical contractor who can't understand why the town suddenly has a problem with his family's hot- dog stand when no one else seems to care.
Art reception and piano performance events at EPOCH Assisted Living
Local painter Marguerite Bride will be the featured artist at EPOCH Assisted Living at Melbourne throughout February. A reception for Bride to open the exhibit will be held in EPOCHs gallery on Thursday, Feb. 1, at 4 p.m. This reception will feature her watercolor paintings of various collections, including Berkshire Street Scenes, Tuscany, Local Color, House Portraits, and Berkshires Bounty. The reception is free and open to the public, but a reservation is requested at 413-499-1992. Since moving to the Berkshires in 1995, Bride, a former nurse, has turned her attention to painting in earnest. Watercolor is her current medium of choice, but Bride has also worked in oils and printmaking, utilizing the collograph method. She has also done graphic design and is in the process of writing and illustrating a series of childrens picture books based upon the lives and antics of her golden retrievers.
Triad agrees to $4.7 billion buyout
Triad Hospitals Inc., under pressure from its biggest stockholder to raise the share price, agreed to be acquired by CCMP Capital Advisors and a Goldman Sachs Group Inc. unit for $4.7 billion. Investors in Triad, the third-biggest U.S. hospital chain, will get $50.25 a share in cash, 16 percent more than the Feb. 2 closing price. TPG-Axon Capital Management LP, Triad's largest owner, with a 8.9 percent stake, said last week it would nominate its own slate for the board and was "evaluating a range of potential actions" for Triad, based in Plano, Texas. Triad shares jumped the most since its 1999 spinoff from HCA Inc. to reach a 17-month high. HCA, the largest U.S. hospital group, went private in November in a $21.3 billion buyout by Bain Capital LLC, Kohlberg Kravis Roberts & Co., Merrill Lynch & Co.
S.F. earthquake survivor dies
Eileen M. Perry, one of the few remaining survivors of the 1906 San Francisco earthquake, died of natural causes Feb. 2 at the Sunrise Assisted Living Center in Claremont. She was 101. Though Perry was only 1 year old at the time, and had no personal memories of the April 18, 1906 quake, she told stories of the event into old age, her daughter Shirley Souza said. Perry's family was living in a San Francisco apartment when the quake struck, killing more than 3,000 people, with subsequent fires razing nearly the entire city. "I'm sure there must have been damage (to their apartment), but they survived," Shirley Souza said. "Afterwards, I guess they became frightened of earthquakes, so they moved to Minnesota." The family stayed there for just a year before returning to the Bay Area.
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