With the construction industry facing a labor shortage and the rising cost of raw materials, keeping projects on time and on budget can be quite the undertaking for development teams working on senior living communities. Costs for these types of projects — including skilled nursing facilities — have continued to increase since the beginning of […]
A shortage of labor in the construction industry, as well as the rising cost of commodities, continues to play a tremendous role in senior living construction costs, including SNFs, according to recent data from Des Moines, Iowa-based design and construction firm Weitz. Overall rising costs have plagued senior living projects in virtually every region of the […]
As the needs of seniors that require skilled nursing care continue to evolve, so do the communities that cater to their needs — with many adopting a “household” model to make SNF rooms feel more personal and private. Many design firms have started to implement this approach in their skilled nursing projects, including international architecture and […]
Long-term care (LTC) deals played a key role in an overall increase in “megadeals” in the health services industry, according to a new analysis from Pricewaterhouse Coopers (PwC). Overall, 219 deals occurred throughout the health services industry, totaling to $49.6 billion, signifying a year-over-year increase of more than 201%, and a 514% jump from the first quarter of […]
The Centers for Medicare & Medicaid Services (CMS) has issued a final rule setting fiscal year 2018 payment rates for hospices. In keeping with current law, the market basket percentage increase is 1% for hospices in FY 2018. That equates to a $180 million aggregate increase in their payments in FY 2018. The hospice payment […]
At a time when investors remain skittish about skilled nursing, one New York real estate investment firm helped a Brooklyn SNF secure a $78 million loan, the latest milestone in a 15-year partnership. Recently, New York-based real estate lending, investment, and advisory services firm Greystone provided a $78.4 million HUD-insured permanent refinance loan for New York-based Centers Health […]
Joining others that have expressed opposition, Sabra Health Care REIT, Inc. (NASDAQ: SBRA) shareholder Eminence Capital, LP on Monday announced its intention to vote against Sabra’s upcoming merger with Care Capital Properties, Inc. (NYSE: CCP). Eminence, a New York City-based hedge fund, owns 3.9% of Sabra’s common stock. With its announcement, Eminence follows fellow New […]
The number of doctors practicing in skilled nursing facilities (SNFs) has dropped, while the number of non-doctor SNF specialists has nearly doubled, according to a study published in the Journal of the American Medical Association (JAMA) Internal Medicine. Headed by Dr. Joan Teno of the Cambia Palliative Care Center of Excellence at the University of […]
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