Posts by Mary Kate Nelson:

  • Senior Care M&A Dollar Volume Rises 20% in First Quarter

    Apr 17 2018

    The first quarter of 2018 was busier than the year-ago period for senior housing and care transactions—and more than half of the properties that traded hands were skilled nursing facilities, new data show. Seventy-seven publicly announced senior housing and care acquisitions took place in the first quarter of 2018, which is up from the 70 Read More

  • SNF Owner Defaults on $257 Million HCP Loan

    Jan 07 2018

    A struggling skilled nursing property company that’s behind on loan repayments is causing some financial trouble for HCP Inc. (NYSE: HCP). The Irvine, California-based real estate investment trust (REIT) is expecting that the resulting material impairment will exceed $20 million. The skilled nursing entity in question—Tandem Health Care—currently owns 32 post-acute or skilled nursing facilities, Read More

  • Bomb Cyclone Tests SNF Emergency Preparedness in Northeast

    Jan 04 2018

    Long before a major winter storm hit the East Coast early Thursday, skilled nursing providers across the region had a plan — with an assist from solid teamwork. The so-called “bomb cyclone” hit close to home for Dan Reingold, president and CEO of New York City-based skilled nursing and rehabilitation provider RiverSpring Health, who spent Read More

  • Sabra Touts $1 Billion Pipeline, ‘Flawless’ CCP Integration

    Nov 02 2017

    It’s been a busy past few months for Sabra Health Care REIT (Nasdaq: SBRA), to say the least. In August, company shareholders approved its merger with Care Capital Properties (NYSE: CCP). Then, in early September, the Irvine, California-based real estate investment trust (REIT) announced it was purchasing the real estate associated with 24 skilled nursing facilities for Read More

  • Skilled Nursing M&A Volume Rises in Q3

    Oct 31 2017

    The third quarter of 2017 saw greater transaction volume in skilled nursing than in senior housing, as well as a 227% increase in skilled nursing transactions from the prior quarter, according to a blog post by Bill Kauffman, senior principal at the National Investment Center for Seniors Housing & Care (NIC). In the third quarter of Read More

  • Average Nursing Care Occupancy Falls to Record-Low 86.2%

    Oct 11 2017

    Nursing care occupancy experienced a dip last quarter, according to data released Tuesday by the National Investment Center for Seniors Housing & Care (NIC). Specifically, average nursing care occupancy fell from 86.6% in the second quarter of 2017 to 86.2% in the third quarter of 2017, the data show. The 86.2% figure is the lowest NIC has Read More

  • Sabra’s Assisted Living Play Answers Questions About Post-Merger Future, CEO Says

    Sep 20 2017

    Sabra Health Care REIT’s (Nasdaq: SBRA) definitive agreement to purchase a 49% equity interest in a joint venture that owns 183 senior housing communities clarifies exactly how Sabra plans to grow, according to company CEO Rick Matros. “Everybody was freaking out,” Matros explained to Skilled Nursing News, referencing certain investors’ reactions to Sabra’s recently approved merger with skilled nursing REIT Care Read More

  • Fresh Off Acquisition, UK Nursing Home Chair Predicts Trouble for Industry

    Aug 24 2017

    The United Kingdom has a new largest care home operator, and a former U.S. senior housing heavyweight will soon be at its helm. But the company’s chairman still sees dark clouds on the horizon for the industry as a whole. HC-One on Wednesday announced its intention to acquire 122 care homes from Bupa, a London-based Read More

  • Fitch Upgrades Sabra Rating After CCP Acquisition

    Aug 23 2017

    Sabra Health Care REIT (Nasdaq: SBRA) is in a positive place following its recently approved merger with Care Capital Properties (CCP), according to several ratings agencies. Fitch Ratings on Wednesday increased Sabra’s rating from BB+ to BBB-, an investment-grade rating, while Standard & Poor’s boosted its corporate credit rating on the Irvine, Calif.-based real estate Read More

  • Skilled Nursing Deal Pricing Remains Stable in Q2

    Aug 16 2017

    Deal pricing in the skilled nursing industry has remained fairly stable so far in 2017, according to newly released data from the National Investment Center for Seniors Housing & Care (NIC). The average price per bed of skilled nursing properties totaled $97,400 in the second quarter of 2017, compared with $97,200 in the first quarter Read More

  • State-Regulated Homes Criticized for Lack of Transparency

    Aug 13 2017

    Though the skilled nursing industry has received its fair share of criticism related to issues of neglect and abuse, the space is currently coming under less fire than some state-regulated group homes. In most U.S. states, the details of investigations into neglect and abuse at state-regulated group homes are almost never publicly available, according a Read More

  • Hudson Bay Doubles Down Against $7.4 Billion Sabra-CCP Merger

    Jul 31 2017

    An activist shareholder is once again coming out strong against the proposed $7.4 billion merger of Care Capital Properties, Inc. (NYSE: CCP) and Sabra Health Care REIT, Inc. (Nasdaq: SBRA) — now describing the August 15 vote on the matter as essentially “a shareholder referendum on whether Sabra should continue with the prior strategy of steadily diversifying its Read More

  • New Long-Term Care Legislation Passes in Oregon

    Jul 20 2017

    Long-term care is getting a facelift in the Beaver State. Specifically, the Oregon state legislature recently passed House Bill 3359 (HB 3359), which is meant to improve the quality and safety of long-term care settings statewide. The bill, for instance, mandates that all administrators of residential care facilities, including assisted living and memory care communities, receive Read More

  • Five Star Renames Rehab Division, Plans to Expand Outpatient Care

    Jul 19 2017

    In a move that harkens back to its more clinical roots, Five Star Senior Living Inc. (Nasdaq: FVE) has laid the groundwork to expand its rehabilitation services beyond the walls of its own communities. The Newton, Mass.-based skilled nursing and senior living provider has rebranded its rehabilitation and wellness division as Ageility Physical Therapy Solutions—a Read More

  • U.S. Skilled Nursing Investor Group Sues Alleged Canadian Fraudsters

    Jun 22 2017

    A recently filed lawsuit alleges that U.S. investors moving to acquire 14 skilled nursing facilities and other senior housing properties actually were tricked by Canadian fraudsters. Illinois-based developer SSU LLC, which does business as Sunny Side Up, filed a lawsuit for $36 million in damages against Ontario-based Paramount Equity Financial Corporation, Canadian businessman Enzo Mizzi, Read More

  • Investor Appetite for Skilled Nursing Remains Meager in 2017

    Jun 06 2017

    Senior housing investors are excited to grow their portfolios in 2017, but not necessarily through skilled nursing acquisitions, according to the latest CBRE U.S. Seniors Housing & Care Investor Survey. For the survey, commercial real estate services and investment firm CBRE Group, Inc. (NYSE: CBG) polled 74 influential senior housing developers, investors, brokers and lenders throughout the Read More

  • CMS Backtracks on Arbitration Ban in Long-Term Care

    Jun 05 2017

    Months after trying unsuccessfully to ban the pre-dispute arbitration agreements in long-term care, the Centers for Medicare & Medicaid Services (CMS) is now proposing that the controversial practice be allowed after all. CMS’ new proposed rule was published in a Federal Register document on Monday afternoon. It comes after skilled nursing providers pushed back against Read More

  • What Americans Don’t Get About Skilled Nursing and Medicare

    May 25 2017

    Just 33% of older Americans have saved any money to pay for their own long-term care, including skilled nursing. Perhaps relatedly, most Americans believe the federal government should help pay for their care in old age, according to a recent survey. More than half of Americans 40 and older believe the federal government should devote “a Read More

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