Amedisys Inc. (Nasdaq: AMED) has already logged an uptick in diversions from skilled nursing facilities as the COVID-19 pandemic rages on, and leaders at the home health giant see even more opportunity ahead with a more expansive SNF-at-home model. “We have not seen a material recovery in elective procedures, yet we have seen a significant […]
Evans Senior Investments (ESI) has arranged the sale of Holmes Lake Rehabilitation and Care Center, a nursing home in Lincoln, Nebraska for an undisclosed amount. The transaction was executed on behalf of an independent owner-operator who was ready to transition out of the industry after years of service in the community, ESI said in a […]
CIBC Bank provided an $85 million acquisition financing term loan and a $2 million working capital revolving line of credit for a portfolio of skilled nursing facilities in Wisconsin. Historical performance trended positively over the last year as the facilities improved census and operating leverage, CIBC said in a press release. Going forward, occupancy and […]
The “super SNF,” an insider term used for nursing homes that serve mostly high acuity patients, is evolving to enhance its specialized function, and leaders in the space believe it will be a replacement – or at least a supplement – for long-term acute care hospitals (LTACHs) and inpatient rehabilitation facilities (IRFs). The latest changes […]
The Centers for Medicare & Medicaid Services (CMS) has announced proposed expansions to CMS’ existing enforcement authority – including higher fines – related to financial penalties for nursing homes. The proposed SNF rule for 2025 will allow CMS more flexibility to impose penalties, within statutory limits. The potential alterations have raised concerns about the heightened […]
Capital Funding Group (CFG) successfully closed a significant $19.8 million bridge-to-HUD loan, marking a strategic move in the acquisition of a 120-bed skilled nursing facility in Virginia. “The successful closing of this financing underscores our leadership in the bridge-to-HUD lending industry,” said CFG Managing Director, Real Estate Finance, Tim Eberhardt, in a press release. “With […]
Home is where the heart is. It’s also where health is. And no matter where a senior calls home, that’s exactly where health care providers want to help them remain — including skilled nursing facilities. For SNF operators, a resident having to leave early, unexpectedly or unnecessarily is exactly what they want to avoid. A […]
Amid a banking and credit crisis, financial backers of the nursing home industry are seeing less stable assets, a product of volatility in the market. And even as some states are now responding with Medicaid reform and rebasing to mitigate the sector’s losses, many operators were struggling financially prior to the pandemic, and the sector’s […]
Optum, the diversified care delivery arm of UnitedHealth Group (NYSE: UNH), has reached an agreement to acquire home health giant Amedisys (Nasdaq: AMED), which provides skilled nursing facility-at-home services via Contessa Health. Optum emerged as a suitor for Amedisys earlier this month, after the home health giant had previously announced a deal to combine with […]
United Church Homes (UCH), which provides a range of care and services to older adults in skilled nursing centers and other settings, is making a value-based care play that involves health plan provider CareSource. Ohio-based UCH and Metta Healthcare, the parent company of Ohio’s Hospice and Pure Healthcare, are forming a new nonprofit entity called […]
A higher employment of physicians and advanced practitioners at nursing homes – or SNFists – isn’t associated with statistically significant changes in rehospitalization rates. Instead, facility adoption of these SNFists may represent a strategy by nursing homes to maintain rehospitalization rates as operators attempt to shift patient case mix in favor of those receiving post-acute […]
Like many markets across the country, the Twin Cities in Minnesota are confronting a reduction in skilled nursing beds, which is forcing patients to remain in hospitals for longer periods of time — with skilled nursing-at-home gaining momentum as a solution to these discharge pressures. “The average length-of-stay on the hospital side is eight days […]
Skilled nursing facilities consistently received a higher share of hospital discharges compared to home health care agencies towards the last quarter of 2021 and beginning of the first quarter of 2022, a shift from the home health trend in the early days of the pandemic. “There was a preference amongst just about everybody to send […]
The Centers for Medicare & Medicaid Services (CMS) is taking steps to ensure that patients are not inappropriately denied coverage for post-acute care in particular settings — including skilled nursing facilities — by Medicare Advantage organizations (MAOs). CMS raised the issue as part of a proposed rule issued on Dec. 15, stating that MAOs generally […]
The Ensign Group (Nasdaq: ENSG) continues to expand its South Carolina footprint with the acquisition of Lila Doyle Post Acute, a 120-bed skilled nursing facility. The Seneca, S.C., nursing home is located on Memorial Hospital’s campus and was acquired on Nov. 1 by a subsidiary of Standard Bearer Healthcare REIT, Ensign’s captive real estate company, […]
Evans Senior Investments (ESI) arranged the sale of a 138-bed skilled nursing facility in Anaheim, Calif. for $25 million or $181,159 per bed. The buyer, an East Coast real estate holding company, structured the lease with a local owner/operator in the state, according to the real estate brokerage firm. Operating long-term care assets in today’s […]
Minnesota-based health system Allina Health has partnered with venture capital firm Flare Capital Partners to take its SNF-at-home and hospital-at-home programs to a national platform. Allina and Flare Capital Partners announced a $20 million fundraising round on Tuesday for its new standalone company Inbound Health, a platform that enables health systems and health plans to […]
CareTrust REIT Inc. (NYSE: CTRE) funded a $24.9 million B-piece secured financing on a four-facility portfolio in the Southeast. The portfolio includes about 700 skilled nursing beds, according to CareTrust. “This loan begins a new relationship with this new Southeast operator,” CEO Dave Sedgwick said in a statement. “The operator has done a tremendous job […]
Skilled nursing operators shouldn’t be scared of losing market share to the shift to home trend, including SNF-at-home – at least not in the near-term. Instead, operators need to look at shifts to home-based care as an opportunity to diversify business lines in the future, as patient preference, Medicare Advantage (MA) plans and technology advancements […]
Eduro Healthcare has grown its Texas portfolio again, adding seven more skilled nursing facilities in the Waco and Austin metropolitan areas. This latest acquisition brings Eduro up to 42 buildings across 10 states. “Our Texas acquisition pipeline is full and robust, and I expect more buildings to join the Eduro team soon,” Owner Michael Bewsey […]
Subscribe
Receive industry updates and breaking news from SNN.