$13.8M Loan for Preferred Care Pickup; Blueprint Brokers Transfer of Two in Arizona

Capital Funding, LLC last week announced the $13.8 million closing of a bridge loan backing Preferred Care’s acquisition of a 126-bed skilled nursing facility in New Jersey. The Baltimore-based Capital Funding and Preferred Care plan to refinance the debt through the Department of Housing and Urban Development’s 223(f) refinance program, which offers financing with longer […]

On-Site Ombudsmen Lead to More Skilled Nursing Deficiencies on Surveys

When an ombudsman remains on site during post-acute and long-term care facility surveys, the building’s quality scores may be negatively affected, according to a study in published this week in JAMDA, journal of AMDA — The Society for Post-Acute and Long-Term Care Medicine. Researchers determined that ombudsmen may direct assessors to more attention to on-site […]

Uber-Style Nurse Staffing Platform connectRN Lands Athenahealth Vet as New CEO, Plots Expansion

With changes in Medicare reimbursement rules and heightened pressure to cultivate stronger clinical outcomes, technology has increasingly emerged as a solution to help providers find and retain staff. connectRN, a mobile software platform that assists registered nurses (RNs), licensed practical nurses (LPNs), nursing assistants, and other staff in finding available employment slots at multiple facilities, […]

Hospitals Update, Refine Discharge Processes to Meet New Skilled Nursing Data Rules

The new federal guidelines mandating that hospitals offer patients detailed information about available post-acute providers is prompting their acute-care counterparts to solidify and deepen their discharge policies. The rule, finalized last month, calls for hospitals to provide information about residents’ SNF options — with detailed data on quality measures — to help patients make the […]

SNFs Could Safely Embrace Group, Concurrent Therapy Under PDPM — as Long as Residents’ Needs Back It Up

The arrival of the new Patient-Driven Payment Model (PDPM) on October 1 has created a flurry of changing operational strategies — and a reframing of how operators and staff track clinical outcomes. One of those shifts has been the rise of group and concurrent therapy services, which multiple voices have identified as a key potential […]

New York State Rolls Out Tighter Regulations for Skilled Nursing Dialysis Services

While more skilled nursing facilities are using home dialysis to diversify their offerings to patients, New York State’s Department of Health has introduced a new licensing model — with more regulatory steps for operators to complete. Dialysis services have been identified as a potential area of growth under the new Patient Driven Payment Model (PDPM); […]

Welltower’s DeRosa: ProMedica, ManorCare Deal Financially ‘On Track’

More than a year after Welltower’s (NYSE: WELL) mega-deal to snap up skilled nursing giant HCR ManorCare, the real estate investment trust’s CEO says the partnership is on the right financial footing. “They’re on track,” Tom DeRosa said of the early financial results in a recent interview with the National Investment Center for Seniors Housing […]

SLIB Brokers Three-Building Sale in South Dakota; Carespring Grows in Ohio

Senior Living Investment Brokerage (SLIB) facilitated the sale of three skilled nursing and assisted living communities in Huron and Sioux Falls, S.D. SunQuest Healthcare Center — licensed for 163 nursing beds — and SunQuest Village, offering 55 assisted living beds, are located on the same campus in the city of Huron. Southridge Healthcare Center is […]

Marquis Health Joins Compass in Latest Skilled Nursing Dialysis Partnership

Dialysis services have emerged as a potential growth area under multiple new Medicare payment models, and a skilled nursing provider in the Northeast has joined a growing list of companies partnering with vendors providing renal care. Marquis Health Services earlier this month teamed up with Compass Home Dialysis to provide staff-assisted bedside hemodialysis services at […]

White Oak’s $241M Portfolio Deal; KeyBank’s $88M FHA Financing

White Oak Healthcare Finance on Tuesday announced its role in funding a $241 million senior credit facility for a group of 19 skilled nursing facilities. The portfolio consists of more than 2,000 beds across six states: Massachusetts, New Hampshire, Pennsylvania, Delaware, Maryland, and West Virginia. A spokesperson for White Oak, a San Francisco-based lender, confirmed […]