WTWH Media, LLC has announced the acquisition of HME Business and Mobility Management from 1105 Media, Inc. The two digital B2B media properties are focused on the home medical equipment industry and mobility professionals and rehabilitation suppliers and clinicians. These two additions build upon WTWH’s presence in the healthcare sector and further enhance its ability […]
by Paul Bergeron Skilled nursing providers are facing an extremely challenging operating environment, but they must keep adapting and innovating as the shift toward value-based care continues across the U.S. health care system. And in fact, providers have tremendous opportunities to seize. “Value-based care through the population health management model is the most exciting thing […]
By Tim Regan Sanford Health, the parent organization behind skilled nursing operator Evangelical Lutheran Good Samaritan Society and Fairview Health are seeking to join forces. The two organizations have signed a non-binding letter of intent to join forces and create a new health system in the process. The nonprofits plan to remain separate and operate […]
By Tim Regan Skilled nursing will be among the targeted investment areas of a new health care finance venture between Great Elm Capital Corp. and Berkadia. The venture, dubbed Great Elm Healthcare Finance, will target a variety of product types across the care continuum, ranging from independent living to skilled nursing and post-acute care. Though […]
By Austin Montgomery The National Investment Center for Seniors Housing & Care (NIC) has chosen a familiar face to succeed president and CEO Brian Jurutka – former board member and previous NIC chairperson Raymond Braun is set to take on the role immediately. Braun most recently served as dean of the Allen W. and Carol […]
By Tim Regan American Healthcare REIT, the majority owner of Trilogy Health Services, is filing for an initial public offering nearly one year after its $4.2 billion merger. The Irvine, California-based real estate investment trust (REIT) is seeking to list shares of common stock on the New York Stock Exchange as part of an initial public […]
ProMedica Senior Care is on a better path more than a year after Welltower (NYSE: WELL) bolstered its joint venture with the senior housing and care operator — but agency labor remains a challenge. The Toledo, Ohio-based health system this year has reported significant losses in its senior care division — which includes skilled nursing […]
As the staffing crisis continues to challenge nursing home leaders across the sector, the hundreds of thousands of workers lost over the course of the pandemic may leave a bigger hole in the industry beyond the ability to fill shifts and accept new patients. Specifically, some executives worry about a dwindling number of future female […]
As the White House considers stricter federal staffing minimum requirements, regulations in some parts of the country are bowing to the realities of the skilled nursing industry’s workforce crisis. Providers in states from Virginia to New York are pushing back on the requirements they say threaten their ability to provide the best care for residents. […]
By Tim Regan Sabra Health Care REIT’s (Nasdaq: SBRA) strategy for growth in 2022 is “simple,” according to CEO Rick Matros. The company plans to diversify its portfolio by paring down its skilled nursing exposure while growing in other product types, such as assisted living. “We’re focused on diversifying the portfolio with smaller deals in […]
By Nick Andrews Invesque has plans to continue to trim its portfolio in 2022 following a big fourth-quarter push that led to a record-breaking year for dispositions. The latest transactions show continued movement away from skilled nursing and toward seniors housing. Carmel, Indiana-based Invesque (TSE: IVQ.U) sold more than $210 million in assets in 2021, […]
Just like with COVID-19 infection, no one was immune when it came to senior housing operators and the subsequent financial challenges created by the pandemic. It affected every community type – all sizes, all business models— including skilled nursing. All have been struggling with occupancy. Recent numbers from CliftonLarsonAllen show that as of January 2021, […]
The most agonizing struggle to find and retain operational staff at skilled nursing facilities continues to be a condition in search of a cure. The pandemic worsened the situation, magnifying concerns about health and safety, which were then piled onto already low wages and relatively uncompetitive pay. Hero pay has been a nice gesture, but […]
The pandemic recovery continues to present unsettling conditions for the economic wellbeing of older and somewhat struggling skilled nursing facilities. Steady stimulus funding provided by the federal government and other sources such as the CARES Act has helped sustain some communities that have been met with rising expenses and falling census. December 2020 occupancy rates […]
Mostly positive news continues to make headlines when it comes the United States’ recovery from the COVID-19 pandemic, including that related to the conditions and census at skilled nursing facilities. Like all facets of operations during the past 14 months, senior living was hit hard, including its lending environment involving U.S. Department of Housing and […]
Two skilled nursing facilities will soon pilot a new nursing telemedicine platform aiming to reduce unnecessary hospital trips. This Fall, Minnesota-based Southview Acres Health Care Center and California-based Affinity Healthcare Center will test out Curve Health — an expanded successor to telemedicine startup Call9. The facilities are currently training staff to use the system to […]
Short-term nursing facilities across the country continue to wrestle with vaccine-hesitant staff even as residents line up for the vaccination. Thanks to new federal guidance, visitors and residents in some states can now socialize without masks if both can produce vaccine cards. But even as facility managers celebrate this, they are still working to convince […]
Hiring and retaining entry-level workers for skilled nursing facilities (SNFs) is a challenge one localized operator has overcome, making it a proud outlier when it comes to meeting the industry’s biggest challenge. Goodwin House Inc. operates two Northern Virginia communities – Goodwin House Alexandria; and Goodwin House Bailey’s Crossroads – and has overcome the obstacles […]
Skilled nursing facility surveys have skyrocketed over the past year, with some worrying that surveyors have also grown more aggressive. Federal data indicates that the number of surveys conducted nationwide has risen 132% percent since 2020, leaving some wondering how fairly standards are being applied when COVID-19 is already forcing facilities to contend with staff […]
Patients recovering at a skilled nursing facility (SNF) can often be discharged home much sooner than they typically are without resulting in a negative health outcome, new research suggests. And if that were to happen more frequently, it could potentially save the U.S. health care system millions of dollars in post-acute care spending while setting […]
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