Total U.S. demand for skilled nursing care is significantly higher than previously projected, according to a new study from the RAND Corporation. While previous research studies have consistently found that about 35% of older Americans will spend at least one night at a nursing home during their lifetimes, mirroring data from the Department of Health […]
Confederate forces may have surrendered to the Union more than 150 years ago, but there’s still one living American who’s receiving veterans’ benefits stemming from Civil War service. That would be Irene Triplett, a North Carolina skilled nursing resident who gets a monthly check from the Department of Veterans Affairs for her father’s service in […]
Amid the nagging uncertainty in the skilled nursing marketplace, some senior housing operators have moved away from SNFs entirely. Others, meanwhile, have said that if they could go back in time, they might reconsider their SNF strategy within continuing care retirement communities (CCRCs). But one provider believes the future of CCRCs includes SNFs as a […]
The skilled nursing industry cheered earlier this year when the Centers for Medicare & Medicaid Services (CMS) announced that it would reverse course on a plan to ban arbitration agreements between SNF operators and residents. But as the public learns more about the issue, the backlash has been harsh — and national publications are taking […]
The last five days were dominated by a pair of major real estate investment trust (REIT) dramas — Sabra Healthcare REIT, Inc.’s (NASDAQ: SBRA) successful shareholder vote to acquire Care Capital Properties (NYSE: CCP), and Quality Care Properties’ (NYSE: QCP) decision to seek receivership for the struggling HCR ManorCare’s facilities. But much more happened in […]
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, […]
Last year, a federal judge ordered the Department of Health and Human Services (HHS) to clear a growing Medicare appeals backlog by 2021. But an appellate judge last week overturned the order, claiming that the lower court didn’t fully consider whether such a project would even be possible under current law. The U.S. Court of […]
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 […]
If you haven’t been able to take your eyes off the Sabra Health Care REIT, Inc. (NASDAQ: SBRA)-Care Capital Properties, Inc. (NYSE: CCP) drama, here’s some other stories in the skilled nursing world that you may have missed over the last seven days. It was a big week of news from the Sunshine State: Non-profit […]
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 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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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