The Ensign Group (Nasdaq: ENSG) on Monday announced a plan to spin off its non-skilled nursing assets into a separate publicly traded company. The Mission Viejo, Calif.-based operator will shift its home health, hospice, and senior living assets into a new firm known as The Pennant Group, Inc., with the deal tentatively set to close […]
Capital Funding Group announced its involvement in a $18.5 million bridge loan used to acquire a four-building skilled nursing portfolio in Texas. The deal, which closed in April, was intended as a step toward eventually refinancing the debt through the Department of Housing and Urban Development’s (HUD) 232(f) program. The portfolio, under the control of […]
As both government and private payers increasingly move toward value-based reimbursements, skilled nursing providers in particular have struggled to keep up — and shift decades-old operational patterns to suit the new reality. For OnPointe CEO Eric Tanner, the only way forward is by running headlong into risk, primarily by showing payers and hospitals how his […]
Timely physician visits will play a central role in effectively capturing resident conditions — and reimbursements — under the new Medicare payment model. But with doctors seeing relatively few incentive changes amid the shift to the Patient-Driven Payment Model (PDPM), skilled nursing operators must find ways to make physician collaboration as easy as possible. Medical […]
Bridgemoor Transitional Care opened to the public a newly built short-term rehabilitation facility in Webster, Texas, with a final price tag of $20 million. Specifically targeting post-acute residents, the new Webster facility features 70 private suites equipped with bathrooms, an in-house pharmacy, and dialysis coordination, along with high-end food options and a salon. “Our Webster […]
As a reporter and editor covering the skilled nursing industry, it’s safe to say that I’ve been in the PDPM business for the last year-plus — and business has been very good. The Patient-Driven Payment Model represents the most sweeping Medicare reimbursement change in more than two decades, and so far has provided industry leaders […]
Executives from Welltower Inc. (NYSE: WELL) have been largely mum about the company’s ongoing integration of HCR ManorCare’s skilled nursing facilities into its overall portfolio, but when pressed Tuesday, leaders hinted that the metrics are moving in the right direction. Occupancy at ManorCare SNFs has increased by more than 100 basis points, Welltower chief investment […]
For many skilled nursing providers, the launch last week of the 2020 application period for the government’s flagship bundled-payment program was low on the list of priorities. After all, under the new Bundled Payments for Care Improvement Advanced (BPCI Advanced) model, nursing homes can’t be episode initiators, meaning hospitals and other acute-care providers are the […]
A pair of private equity firms on Monday announced a new partnership aimed at developing and buying inpatient rehabilitation facilities, with an eye toward underserved communities — and eventually filling gaps in the care continuum beyond the IRF. Blue Wolf Capital Partners and Peloton Equity, LLC have teamed up to form ClearSky Health, with veteran […]
Patients referred to skilled nursing facilities only become residents about 37% of the time, a new set of survey results reveals — with nearly a quarter of those lost referrals going to a direct competitor. Of the potential residents referred to any given SNF, 44% are lost, according to data released last week by Enquire, […]
Ventas Inc. (NYSE: VTR) on Friday announced an extension of its lease arrangement with Genesis HealthCare (NYSE: GEN) — a move that intrigued analysts given other landlords’ moves away from the operator. The real estate investment trust (REIT) granted Genesis five more years under its existing rent and escalator terms, with a few landlord-friendly twists: […]
Industry leaders had reason to cheer the federal government’s decision to boost Medicare rates for skilled nursing facilities, but the gain could end up only papering over the persistent reimbursement problems in the space. The Centers for Medicare & Medicaid Services (CMS) last week proposed a 2.5% increase to the Medicare market basket rate, a […]
The slow-motion collapse of the Skyline Healthcare chain of nursing homes continued this week as the troubled operator surrendered its licenses for five buildings in Massachusetts — while another building that had been placed in receivership in Nebraska is set to shut its doors in May. After local news agencies reported that the provider had […]
The federal government on Wednesday signaled its intent to expand coverage options for Americans who qualify for both Medicare and Medicaid, though the states will largely be in the driver’s seat moving forward. In a letter to the 50 state governors from administrator Seema Verma, the Centers for Medicare & Medicaid Services (CMS) invited states […]
Regional Health Properties, Inc. (NYSE American: RHE) this week announced an agreement to sell four skilled nursing properties to MED Healthcare Partners, LLC, for a total of $28.5 million. The 500-bed portfolio consists of Attalla Health & Rehab in Attalla, Ala.; Healthcare at College Park in College Park, Ga.; Northwest Nursing Center in Oklahoma City; […]
The state of Kansas is set to implement stricter vetting standards for nursing home owners and investors in the wake of several high-profile receivership cases over the past year. Passed with near-unanimous support from the Republican-controlled legislature and the approval of the Democratic governor, the new law will require potential nursing home owners to submit […]
With increased pressure to improve skilled nursing outcomes and advances in technology, telehealth providers have emerged as a key target of attention from operators and investors alike. But that investment won’t provide the intended returns if the workers at the building level don’t fully buy into an operator’s overall telemedicine strategy, according to a telehealth […]
Non-profit hospital system ProMedica last week announced the layoffs of 100 more administrative and corporate employees, marking the second round of staffing reductions since it took over the operations of nursing home chain HCR ManorCare. The Daily Reporter of Coldwater, Mich. — where ProMedica operates the Coldwater Regional Hospital — initially reported the news, citing […]
The trust fund that supports Medicare Part A coverage will run out of money to cover full benefits in just seven years, the federal government announced on Monday, with potentially devastating long-term effects for the majority of nursing home operators. The Hospital Insurance (HI) Trust Fund, which directly supports Medicare Part A benefits — including […]
Ask any skilled nursing investor about the metrics that get them excited about a potential deal, and you’ll probably hear about the strength of a given operator in a market — along with other common factors such as proximity to a hospital, involvement in local care networks, and relatively young age of plant. In addition, […]
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