Competition for Frontline Workers Heats Up Between Nursing Homes

The toughest rival nursing homes face amid this historic staffing shortage may be one another. While there have been some gains in recent months, the number of workers in long-term care is still far below pre-pandemic levels. With only a finite number of nurses in the worker pool to choose from, nursing homes are inevitably […]

Health System, Hospital Acquisitions Show Nursing Homes Still a ‘Critical Ally’

A number of new partnerships have formed between health systems and skilled nursing facilities centered on offering consumers access to new services or services that require specialized skill sets. “A high-performing SNF is a critical ally for health systems, particularly those that are focused on performance in value-based care arrangements or looking to enable earlier […]

Why HUD Financing May Be the Vehicle to Drive Skilled Nursing Innovation

If there’s one financial backing source that’s become a favorite among nursing home owners it’s U.S. Department of Housing and Urban Development (HUD) funding. Even still, it may come with some limitations. HUD loans can be used to purchase, build, refinance or remodel nursing homes, among other health care facilities, and their utilization in the […]

Ziegler Closes $24,405,000 in Financing for Eliza Jennings; Blueprint Facilitates Sale of Minnesota SNFs

Specialty investment bank Ziegler closed on Series 2022A Bonds for Ohio-based not-for-profit senior care provider Eliza Jennings. Eliza Jennings owns and operates three senior living campuses with a combined total of 216 skilled nursing beds, 175 independent living apartments and villas and 89 assisted living units. The Renaissance, located on 88 acres in Olmsted Falls, […]

Nursing Homes Score Win With 17.5% Medicaid Increase in Pennsylvania for 2023

Some lawmakers are listening to calls for help from the nursing home industry, at least at the state level. Pennsylvania Governor Tom Wolf recently approved a Medicaid reimbursement increase of 17.5% for the state’s nursing homes for next year, translating to an increase of around $35 per resident per day. The increase to the state’s […]

‘Related Company’ Investments Lead to Nursing Home Profit but Raise Questions About Care Quality

An estimated 72% of New York’s 394 for-profit nursing homes do business with companies that have common or overlapping ownership, a recent report from the Empire Center for Public Policy reveals. The report showed that payments from for-profit nursing homes to these related companies totaled almost $1.1 billion, or 16% of their total expense for […]

CareConnectMD Wraps $25M Funding Round; VIUM Capital Closes $1.1B in Deals in Q2

The investment will be used to deepen the company’s presence in California, Ohio and Texas, in addition to expanding into other markets, according to a news release. CareConnectMD provides primary and palliative care to high-risk populations in care environments such as the home and skilled nursing facilities. CareConnectMD is currently one of only eight high-needs […]

White Oak and CareTrust Partner in $582M, 18 Nursing Home Deal

A portfolio of 17 existing skilled nursing facilities in West Virginia changed hands this week in a $582 million deal involving a joint venture between a skilled nursing real estate owner and a large regional operator of post-acute facilities. Ohio-based CommuniCare Health Services took over operations of Stonerise, expanding the company’s reach in its home […]

Hospitals in Areas With More SNF Beds Found to Have Lower Readmission Rates

Some healthy competition may be good for nursing home providers. At least that’s what Kevin Griffith, assistant professor in the Department of Health Policy at Vanderbilt University Medical Center and an investigator at the Partnered Evidence-based Policy Resource Center, found when looking at hospital discharge patterns. In a study published in Health Affairs this month, […]

Nursing Home Infection Preventionist Workloads Rose Sharply During Covid

The role of infection preventionist in long-term and post-acute care has dramatically changed over the course of Covid. University of Michigan researchers found that while preventionists’ time spent on infection prevention-related tasks nearly doubled – from an average of 20 hours per week to 38 hours per week – they saw little reduction in their […]

$135M Refinancing for 9 SNF Portfolio; VIUM Lands $74.5M for 11 SNF Portfolio

Capital Funding Group announced it closed a $135 million bridge loan for the refinancing and dividend recapitalization of a 9-facility portfolio across Maryland, Georgia and West Virginia. The portfolio features 1,448 beds and is reportedly owned by an industry-leading owner of SNFs. “We’re excited to continue this year’s momentum with the closing of another stand […]

90% of Skilled Nursing Pros Say Reimbursement Will Suffer Due to Labor Issues

As critical staffing shortages are leading some operators to rethink how and where their MDS documentation needs to be completed, turnover at the MDS coordinator role continues to hamper providers and their ability to capitalize on clinical reimbursement. In a survey of about 500 SNF professionals, as many as 60% of respondents said they had […]

Gulf Coast Chapter 11 Liquidation Plan Wins Judge Approval

A judge approved Gulf Coast Health Care’s modified Chapter 11 liquidation plan this week. This was the second amended joint plan the company submitted after the first one was rejected. The original plan was reportedly rejected for not meeting its burden to sign away creditors’ claims against third parties. The new plan provides at least […]