One-Star Skilled Nursing Facilities Could Hold Promise for Investors

A five-star rating from the Centers for Medicare & Medicaid Services (CMS) can boost a skilled nursing facility’s profile in a community and perhaps attract increased attention — and dollars — from potential investors. But savvy buyers should consider the wider context of a particular SNF’s Nursing Home Compare stars, as buried beneath a supposedly “bad” […]

Medicaid Changes Under Trumpcare Could Hamstring Skilled Nursing

As the Senate reportedly prepares to release its version of legislation that would repeal and replace the Affordable Care Act, a leading health care nonprofit warns that changes to the Medicaid program under the American Health Care Act could harm the skilled nursing industry. Medicaid represents the largest payer for skilled nursing services, providing $55 […]

Florida to Overhaul Skilled Nursing Medicaid Payment System by 2018

Florida Gov. Rick Scott signed into law this week a health care bill that will bring a prospective payment system (PPS) to skilled nursing providers for Medicaid, but a statewide trade group says it has several issues with the legislation that it hopes to address before it takes full effect in 2018. Under the new law, […]

Transactions: MedEquities Makes $10 Million Skilled Nursing Play in Connecticut

MedEquities Pays $10 Million for Conn. SNF Real Estate MedEquities Realty Trust, Inc. (NYSE: MRT) acquired the real estate of Woodlake at Tolland Nursing & Rehabilitation Center, a skilled nursing facility in Tolland, Conn., from Prospect Medical Holdings, Inc. for a total of $10 million. The Nashville, Tenn.-based MedEquities plans to enter into a 12-year, triple-net lease […]

Why Sabra Bet on Skilled Nursing While Other REITs Bailed

Several publicly traded real estate investment trusts (REITs) have backed off skilled nursing in recent months and years, but one major player recently made an eye-popping investment in the asset class. The largest health care REITs — Ventas (NYSE: VTR), Welltower (NYSE: HCN), and HCP (NYSE: HCP) — all have either spun off the majority […]

Senate’s Medicaid Plan Could Cut Deeper Than House Bill

The Senate’s version of the American Health Care Act may include an even more austere future for Medicaid spending than the House’s vision of $800 billion in cuts over the next decade. Medicaid is the largest payer for long-term care nationally, and skilled nursing providers are watching the evolving legislation closely — though it remains unclear what […]

The Rise of the Mid-Sized Skilled Nursing Buyer

In an almost paradoxical landscape, where the outlook for skilled nursing operators remains bleak while prices for individual SNFs have never been higher, one particular type of buyer stands to benefit the most — and it’s not the big boys or the mom-and-pops. Mid-sized SNF operators and owners — those with perhaps 15 to 30 properties — are in […]

Genesis Finalizes $53.6 Million Settlement Deal with DOJ

Genesis HealthCare (NYSE: GEN) on Friday announced the execution of a $53.6 million settlement with the United States Department of Justice over a variety of improper billing allegations. The Kennett Square, Pa.-based post-acute provider denied all of the government’s claims, which included four separate sets of allegations involving various Genesis subsidiaries. In its complaint, the DOJ […]

Friday Round-Up: Key QCP/ManorCare Buyout Deadline Comes and Goes

It’s Friday afternoon, which means it’s time for a quick look back at the biggest skilled nursing headlines of the past week, and a peek into what could be on the horizon in the coming days. Skilled Nursing News brought you extensive coverage from the Post Acute Link Care Continuum Conference in our hometown of […]

Transactions: More Details on Skilled Nursing Operator’s Philly Exit

Mid-Atlantic Health, Philly’s Largest SNF Operator, Exits  The Timonium, Md.-based Mid-Atlantic Health Care made headlines last week when it exited the Philadelphia market, where it had previously been the largest provider of skilled nursing services. Now, the broker that helped negotiate the deal released a few extra details about the transaction. MIMA Healthcare of Lakewood, […]

Skilled Nursing Spending Rises Fastest in West, South

Spending on skilled nursing services rose the fastest in Nevada over the previous two decades, followed by multiple states in the South, according to a new report from the Centers for Medicare & Medicaid Services (CMS). Payers in the Silver State — including Medicare, Medicaid, and private sources — shelled out $709 million for care […]

Judge to Illinois: Pay Your Medicaid Bills

The state of Illinois has been without a formal budget for almost two years, sending ripple effects through various parts of the state’s economy and public services. But now a federal judge has ordered the Prairie State to begin addressing payments due to Medicaid providers, which currently total $2 billion. U.S. District Judge Joan Lefkow […]

Trumpcare Inched Forward in the Senate While Comey Dominated Headlines

While the nation stood transfixed by former FBI director James Comey’s testimony before the Senate, that same body moved closer to finding a Trumpcare bill that could satisfy the skeptics among its ranks. The under-the-radar movement was enough to prompt one Washington insider, speaking before a health care conference in Chicago on Sunday, to predict […]

Carlyle Group Reportedly Set on ManorCare Sale to QCP

The private equity firm that has owned skilled nursing provider HCR ManorCare for the past decade is currently in the process of “ceding control” to its landlord, Quality Care Properties, Inc. (NYSE: QCP), either through bankruptcy or an out-of-court settlement, the New York Post reported Sunday. Citing unnamed sources, the Post reported that Toledo, Ohio-based […]

Skilled Nursing ‘Under Siege,’ Quarter of Beds to Disappear by 2022

The skilled nursing industry is in a heap of trouble, and there’s only so much that operators can do about it. That was the bleak message from Lincoln Healthcare Leadership President and founder David Ellis to the crowd at the Post Acute Link Care Continuum Conference in Chicago on Sunday, summarizing the results of a […]

Weekly Round-Up: Largest Philly Provider Exits City

In case you missed them the first time around, here’s some of the biggest stories from the world of skilled nursing this week, including a rapidly unfolding pas de deux between a major skilled nursing REIT and its largest tenant, less-than-stellar occupancy projections from NIC, and insights into cultivating a dynamic, multigenerational nursing staff. Quality […]

QCP Reaches Out to ManorCare Lenders Amid Potential Takeover

Quality Care Properties (NYSE: QCP) on Thursday reached out to HCR ManorCare’s lenders with a request for funding as it considers an equity takeover of its primary skilled nursing tenant. The Bethesda, Md.-based real estate investment trust (REIT) has disclosed that it is in talks with numerous stakeholders as it mulls acquiring ownership of the Toledo, […]

Skilled Nursing Occupancy Increased in Q1, But Trending Down

Occupancy at skilled nursing facilities rose 36 basis points from the fourth quarter of 2016 to the first quarter of 2017, but ended the quarter on a downward trend. SNFs had 82.6% occupancy in the first quarter of 2017, according to the latest Skilled Nursing Data Report from the National Investment Center for Seniors Housing […]

AARP: Medicaid to Dry Up for Seniors Under Trumpcare

The American Health Care Act would gradually constrict skilled nursing and other health providers’ ability to care for Medicaid patients over the coming decades, especially as the proportion of Medicaid recipients aged 85 and older increases, a new report from AARP alleges. The Washington, D.C.-based advocacy group’s concern stems from the AHCA’s mandate to shift […]

CDC Puts Providers on Alert for Deadly, Costly Disease

Skilled nursing facilities are a prime breeding ground for Legionnaires’ disease, and an outbreak could prove costly for the operator — both in terms of care outcomes and additional expenses — according to a recent presentation by the Centers for Disease Control and Prevention (CDC). The CDC analyzed 2015 data related to outbreaks of the potentially […]