The Hot Seat: Marc Zimmet, CEO, Zimmet Healthcare Services Group

As CEO of Zimmet Healthcare Services Group, Marc Zimmet has spent decades analyzing the skilled nursing industry and developing solutions for post-acute care operators. An expert in reimbursement, compliance, and strategy, Zimmet takes the Hot Seat to share some of details around how he came to the industry, his favorite destination when he’s not analyzing […]

The Hot Seat: Donna Kelsey, CEO, American Senior Communities

As CEO of American Senior Communities, with its portfolio of more than 100 Indiana-based senior care properties, Donna Kelsey applies her years of experience leading health care companies, including previous roles with Revera and Kindred Healthcare. Her leadership experience also spans service as a Captain for the U.S. Naval Reserves. Kelsey takes the Hot Seat […]

Providence Group CEO: Nursing Homes Must Become a ‘Destination Location’ For Leaders

By addressing the unique needs of each of Providence Group’s 152 facilities, CEO Jason Murray has created what he calls a “destination location for leaders.”  Murray has done so because the future of health care, and the nursing home industry more specifically, is local, he said. This decentralized, market model has been replicated by operators […]

REIT Moves Drive a Reordering of the Skilled Nursing Operator Landscape

Skilled nursing operators should anticipate further distress in the coming months and into 2023, which will likely result in even greater divides among providers. The winners and losers already are being sorted, as the latest round of real estate investment trust (REIT) earnings made clear. And unsurprisingly, strong regional operators are leading the pack. Welltower […]

Wisconsin Nursing Homes to See Medicaid Rate Increase

Wisconsin nursing home operators are the latest to see an increase to the state’s Medicaid rate at a time when providers across the country are still battling back from significant workforce shortages and historic inflation. Medicaid cost coverage will increase from 77% for fiscal year 2022 to 91% for fiscal year 2023. The new rate […]

More Than 2,400 Nursing Homes Reach Top US News Ratings

Incorporating weekend staffing and infection rate data for the first time, thousands of nursing homes reached the top of the charts in the U.S. News and World Report’s latest rankings. The 2022-23 “Best Nursing Homes” list was published on Tuesday. U.S. News evaluates more than 15,000 nursing homes on factors including care, safety, infection rates, […]

Focused Post Acute Care Partners CEO: Texas Medicaid Rate Increase Would Be a ‘Breath of Fresh Air’

As several states across the country have extended or made permanent nursing home Medicaid rate bumps tied to the pandemic, at least in part to stem the tide of high staffing costs and inflationary pressures, Texas operators are anxiously awaiting their fate ahead of next year’s legislative session. Focused Post Acute Care Partners CEO Mark […]

Welltower CEO: Integra Health JV, ProMedica Exit a ‘Win’ For All Parties

ProMedica Senior Care’s ongoing efforts to rebound its portfolio — most recently through occupancy gains and lower contract labor costs — proved not to be enough to sway Welltower’s (NYSE: WELL) decision to transition and sell 147 of its skilled nursing assets, according to CEO and Chief Investment Officer Shankh Mitra. Mitra sees the deal […]

Sabra Shifts 24-Facility North American Portfolio to Ensign, Avamere

Sabra Health Care REIT (Nasdaq: SBRA) is divvying up a 24-property portfolio previously leased to North American Health Care Inc. to The Ensign Group and Avamere Family of Companies. Both existing tenants, Ensign (Nasdaq: ENSG) will now become one of the real estate investment trust’s (REITs) largest tenants — representing about 8% of annualized cash […]

4 Skilled Nursing CEOs Share Early Look at Plans, Priorities For 2023

As nursing home operators continue to tackle the host of issues that have challenged them throughout 2022, many have set their sights on what’s in store for the year ahead. Industry-wide staffing shortages, an ever changing regulatory environment and record inflation will likely remain pain points for the sector heading into the new year, but […]

[UPDATED] 147 ProMedica SNF Assets to Transition into New Welltower, Integra Health JV

Welltower (NYSE: Well) is selling and transitioning 147 skilled nursing facilities currently operated by ProMedica to a newly formed joint venture with Integra Health, the company announced Monday. ProMedica has agreed to surrender its 15% interest in the SNF assets involved in their existing 85/15 joint venture with the real estate investment trust (REIT) and […]

NHC Ties 3Q Revenue Decrease to Portfolio Trimming, Dried Up Government Stimulus

The third financial quarter for the nation’s oldest publicly traded senior health care company was marked by a modest decrease in net operating revenues — largely due to the lack of federal stimulus support and the offloading of seven SNFs. National HealthCare Corporation (NYSE American: NHC) ended the third financial quarter with $270,843,000 in net […]

Pennsylvania SNF Operators to See New Staffing Agency Regulations After Bill Becomes Law

Pennsylvania nursing home owners will soon see oversight and accountability for agencies operating in the state’s long-term care facilities after a bill was signed by the governor this week. House Bill 2293, which was introduced in January of this year, sought to implement new regulations for staffing agencies. Gov. Tom Wolf gave the bill the […]

CVS Health Explores Sale of LTC Pharmacy Omnicare

CVS Health (NYSE: CVS) is eyeing the potential sale of its long-term pharmacy Omnicare, among other strategic alternatives, according to the company’s top executive. The retail and pharmacy giant recorded a pre-tax loss on assets held for sale of $2.5 billion to write down Omnicare. CVS Health President and CEO Karen Lynch said the company […]

ProMedica Names New CEO After Oostra Announces Retirement

ProMedica has tapped Arturo Polizzi to serve as its next chief executive. The company’s board of directors unanimously confirmed that Polizzi will lead the not-for-profit health care organization in an announcement released Friday. Current CEO Randy Oostra is officially retiring after 25 years with the organization on Monday, the company said. Polizzi was promoted to […]

Another Facility Shuttered as Montana Nursing Home Closures Continue

A skilled nursing facility in Helena, Mont. is the latest to close in the state, citing insufficient Medicaid rates and residents choosing options other than nursing homes.  Rocky Mountain Care Center, which has been in business for 45 years, announced its last day would be Dec. 24, according to a Helena Independent Record report. A […]