Sabra Shareholders Approve Merger with SNF-Heavy CCP

Shareholders of Sabra Health Care REIT, Inc. (NASDAQ: SBRA) on Tuesday approved the company’s merger with Care Capital Properties (NYSE: CCP), ending a public battle involving dissident hedge funds and several lawsuits. About two-thirds of the shares controlled by attendees at a special stockholder meeting in Irvine, Calif. were voted in favor of the deal, […]

Another Proxy Firm Gives Thumbs Up to Sabra-CCP Deal

A second proxy advisory firm has come out in favor of the impending merger of Sabra Health Care REIT, Inc. (NASDAQ: SBRA) and Care Capital Properties, Inc. (NYSE: CCP), bringing the current count to two in favor and one against. Egan-Jones Ratings Company issued a report late Tuesday recommending that Sabra shareholders vote for the […]

Kindred Talks Life After Skilled Nursing on Earnings Call

Kindred Healthcare, Inc. (NYSE: KND) tackled life after skilled nursing on its second-quarter earnings call, the first after it finalized a $700 million deal to sell off its SNF assets in late June. “This transaction is an important step in the ongoing strategic transformation of Kindred,” president and CEO Benjamin Breier said, identifying the company’s […]

Sabra CEO Rebukes Activists, Sees Skilled Nursing Upsides

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) came out swinging against activist shareholders on the company’s quarterly earnings call Thursday afternoon, trumpeting the potential of skilled nursing facilities in the future and questioning the credentials of those who have criticized its impending merger with Care Capital Properties (NYSE: CCP). A nearly “pure play” SNF real estate […]

Activity Directors, Nurse Aides See Biggest SNF Pay Bumps in 2017

Activity directors and non-certified nurse aides enjoyed the largest pay raises — on a percentage basis — of all skilled nursing employees between 2016 and 2017, according to the latest data set from the Hospital & Healthcare Compensation Service. Among salaried employees, activity directors took the crown with a bump of 3.44%, or a rise […]

Avoiding Multi-Million Medicare Advantage Mistakes at SNFs

New payment models frequently shoulder the blame for the uncertainty surrounding the skilled nursing marketplace, as operators struggle to shift from the private-pay and Medicare of the past to Medicare Advantage and other new reimbursement methods. But, according to one SNF consultant, the time for blaming new models is over — and the only thing […]

In the Pipeline: Planned Michigan SNF Hits Snag

Construction: Planned Pennsylvania CCRC Beefs Up Skilled Nursing Services Loyalhanna Continuing Care Campus, a continuing care retirement community in Latrobe, Pa., is adding two dozen private skilled nursing rooms. Workers recently broke ground on the two-story, 15,000 square foot addition, according to TribLive, a local news site. Michigan SNF Hits Roadblock With Local Legislators The developer […]

Must-Read Stories: Trumpcare’s Death, ManorCare’s Potential Breakup

First things first: We here at Skilled Nursing News won’t say that Trumpcare has officially died — it’s been revived multiple times so far— but after months of hand-wringing and dire projections about Obamacare repeal’s effect on the skilled nursing industry, it finally looks as though the former president’s cornerstone legislative victory is here to […]

Can Activist Shareholders Scuttle Sabra-CCP Deal?

Sabra Health Care REIT, Inc.’s (NASDAQ: SBRA) impending merger with Care Capital Properties (NYSE: CCP) has been met with resistance from two shareholders, and while the aggrieved parties control only a small percentage of the Irvine, Calif.-based real estate investment trust (REIT), one commentator says they can still make closing the deal difficult. Shareholders Eminence and Hudson […]

Fighting the Perception of SNFs as ‘Minor Leagues’ of Nursing

Skilled nursing operators know the cold facts: Finding and retaining quality employees has gotten a lot harder as the improving economy created a job-seeker’s market, especially among more specialized practitioners such as nurses. And that’s before considering SNFs’ reputation as a “farm system” where nurses go to pick up a year or two of experience […]

Must-Reads: Fortis in Receivership, SNFs’ Cloudy CCRC Future

Each week, we round up the most-read stories on Skilled Nursing News in one place — perfect for catching up on the top headlines you may have missed amid the health care reform collapse and other news out of Washington. Fortis Management Group, an operator of 60 skilled nursing facilities in the Midwest and Pacific […]

ManorCare Receives $550M Loan, Stays Mum on QCP Fight

Troubled skilled nursing operator HCR ManorCare, Inc. has reportedly received a half-billion-dollar loan, but the Toledo, Ohio-based firm remains quiet on whether it will use the money to end its protracted battle with landlord Quality Care Properties (NYSE: QCP). ManorCare secured a $550 million line of credit from the New York City-based private equity firm […]

How Skilled Nursing Operators Can Let Employees Do the Hiring

Finding and retaining talented employees remains a top priority for skilled nursing operators, but the wide availability of job-search options online can often feel daunting. Instead of shouting into the void, some SNFs could find success attracting new employees by using the workers they already have, according to a panel discussion at the Senior Housing News Chicago […]

Senate Scraps Health Care Bill, Skilled Nursing Operators Exhale

Senate Republicans scuttled their most recent attempt to pass health care reform legislation after several members announced their opposition to the bill, putting proposed Obamacare replacement on hold — and prompting skilled nursing operators and advocates to breathe a temporary sigh of relief. “We appreciate the Senators that hit the pause button on this debate,” […]

Finding a Structural Solution to Skilled Nursing Staffing Woes

Retaining a staff of talented, motivated employees has remained one of the most vexing problems for skilled nursing operators, as a recovering economy has drastically increased the competition for the best workers. One SNF provider has successfully turned to a clear organizational structure for an answer, while some other senior housing providers have taken even more novel approaches, according […]

Carlyle Appears Poised to Sell Off German Nursing Home Chain

The Carlyle Group has begun the process of selling off Alloheim, a German chain of nursing homes that the private equity firm initially acquired in 2013, according to a recent report. Unnamed sources told Reuters that the Washington, D.C.-based Carlyle could seek up to $1.1 billion for the 155-facility nursing home chain, which employs 14,500 […]

Prices for Long-Term Care Facilities Spike Nearly 300%

The dollar value of long-term care (LTC) facility transactions ballooned by nearly 300% in the second quarter of 2017, even as the absolute number declined. LTC facilities commanded a total of $9.7 billion in the second quarter of 2017, a 299% increase from the $2.4 billion that changed hands in the second quarter of 2016 […]

Friday Round-Up: QCP’s ManorCare Ultimatum, Top-Paid SNF Execs

In case you missed it, here’s a look at the past week in skilled nursing news, from a potential final showdown between a major provider and its landlord to a peek into the highest-paid executives in the business. Today’s the day for HCR ManorCare, Inc. to pay the back rent it owes Quality Care Properties, […]