A group of five nursing home providers sued the state of Illinois late last week in federal court, claiming that low Medicaid reimbursement rates in the Land of Lincoln could force them to shut down. The companies specifically accuse Felicia F. Norwood, director of the Illinois Department of Healthcare and Family Services, of violating federal […]
A federal judge last week threw out a $350 million False Claims Act judgment against a Florida nursing home provider, writing that its occasionally inaccurate record-keeping didn’t amount to deliberate fraud. In a fiery ruling, U.S. District Judge Steven D. Merryday wrote that the claims brought by a whistleblower against Salus Rehabilitation, LLC — namely […]
You’ve made it to the end of the week before a long holiday weekend, but before you go, take a look at some of the top stories from the nursing home world that didn’t make it to Skilled Nursing News. But first, a quick reminder that SNN’s headquarters in Chicago will be closed on Monday, […]
The skilled nursing industry is still sorting out how it will participate in a newly announced bundled payment model rolled out by the Centers for Medicare & Medicaid Services on Tuesday. Early analysis of the text from CMS seems to exclude skilled nursing facilities, home health agencies and other post-acute care providers from applying for […]
Research shows that statewide paid family leave laws have a slew of benefits for both employees and employers across industries, from higher worker morale to health improvements among children. But for skilled nursing operators, this type of legislation could have an unintended negative consequence: a decline in census. The implementation of generous paid family leave (PFL) […]
President Trump’s pick to lead the Department of Health and Human Services on Tuesday again expressed some support for the idea of converting Medicaid to a block-grant program, though he cautioned that any solution is still far in the future. Testifying before the Senate Finance Committee, Alex Azar said he can “find a lot of […]
A nursing home owner and operator in New York City will be required to open two new facilities as part of a settlement announced late last week. New York State attorney general Eric Schneiderman also slapped the Brooklyn-based Allure Group with $2 million in fines stemming from the company’s acquisition and subsequent sale of two […]
After a 2017 that saw a change in presidential administrations, continuing occupancy pressures, declarations that the industry is in a historic downward spiral, and the most sweeping tax overhaul in a generation, players in the skilled nursing mergers-and-acquisitions world might be wondering if 2018 could possibly bring even more turmoil. Earlier this week, Skilled Nursing […]
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) kicked off the new year by announcing the sale of 20 skilled nursing facilities operated by Genesis Healthcare, Inc. (NYSE: GEN). The deal, which netted Sabra $103.3 million, covers facilities across Kentucky, Ohio, and Indiana, the Irvine, Calif.-based real estate investment trust (REIT) announced. The buyers were not […]
Now that we’ve broken down the top 10 stories of the last year, it’s time for us to dive into our predictions for the top skilled nursing trends of the coming 12 months. Some key headwinds, such as questions over Medicaid reimbursements, declining occupancy, and new regulations — including the final round of the requirements […]
In case you’ve been blissfully away from your e-mail since before Christmas, here’s a quick rundown of the skilled nursing headlines you missed. QCP Cuts ManorCare a Break Quality Care Properties, Inc. (NYSE: QCP) gave its troubled tenant HCR ManorCare a generous Boxing Day present, announcing a one-year rent cut in a December 26 filing […]
As we enter the final weekend before Christmas, we’d like to extend a hearty happy holidays from the entire Skilled Nursing News team. In observance of Christmas and New Year’s Day, SNN’s headquarters in Chicago will be closed from Monday, December 25 to Monday, January 1. Our normal posting schedule will resume on Tuesday, January […]
Congressional Republicans on Wednesday passed their long-planned tax reform package, and while President Trump has classified the deal as a Christmas gift to American taxpayers, the effects for skilled nursing operators and investors remains less than clear-cut. For instance, non-profit developers of continuing care retirement communities (CCRCs) received mixed holiday blessings: The compromise tax bill saving […]
Sabra Health Care REIT (Nasdaq: SBRA) turned in a busy 2017, completing a major merger with Care Capital Properties, snapping up an additional 24 SNFs, and announcing a long-term plan to completely dump its troubled Genesis assets (NYSE: GEN). At the helm through the process has been Rick Matros, known for his outspoken takes on the […]
Near the end of a year that has already seen Kindred Healthcare, Inc. (NYSE: KND) exit the skilled nursing industry, the health care giant is still making headlines. Insurance provider Humana, Inc. (NYSE: HUM) is reportedly closing in on a deal to buy Kindred in conjunction with a pair of private equity firms, according to […]
The skilled nursing industry faces an existential crisis over its future, and 2017 was a year filled with threats — financial and regulatory woes at top providers, plummeting occupancy, and continued reimbursement pressures. But it was also a year that saw promising research illustrating the utility of SNF care and successes in new payment models, […]
Some skilled nursing providers have been wary of accountable care organizations (ACOs), payment and care delivery models that some fear will push more and more potential residents into home health care to save money. But one East Coast operator has found success under the ACO model, and entered into a partnership with a third-party rehabilitation […]
The Centers for Medicare & Medicaid Services (CMS) is in the midst of a multi-year process to develop new data collection requirements — and the agency still needs skilled nursing facilities in multiple areas around the country to weigh in. CMS and the RAND Corporation last month kicked off the second phase of a program […]
After more than a decade of declines, the proportion of skilled nursing beds at major non-profit senior living operators has held steady in recent years, even as companies in the space have dealt with reimbursement and staffing strains. Nursing care beds accounted for 32.2% of all units among the top 150 non-profit senior housing providers […]
Four more facilities owned by Senior Care Group filed for Chapter 11 bankruptcy protection last week, bringing the total up to 10. The Tampa, Fla.-based non-profit — which owns 13 skilled nursing, home health care, and rehab providers across the Southeast — initially entered Chapter 11 back in July, along with six of its facilities […]
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