CMS Requires Nursing Homes to Report Staff and Resident COVID-19 Vaccination Status

The Centers for Medicare & Medicaid Services (CMS) is now requiring long-term care facilities to report the weekly COVID-19 vaccination status of residents and staff, with the goal of monitoring vaccine uptake and identifying facilities in need of resources or assistance to respond to the pandemic. The interim final rule, announced Tuesday, will require long-term […]

Why the SNF of Tomorrow Might Look Like Today’s Assisted Living Community

Lifesprk, a senior care company providing services that span the home-based care continuum, is acquiring Tealwood Senior Living, which operates 35 communities in Minnesota and Wisconsin. The transaction is focused primarily on senior living, but three of Tealwood’s locations offer skilled nursing services – and the acquisition by Lifesprk might provide some insights into how […]

CareTrust’s M&A Pipeline Mostly SNFs, But Acquisition Field ‘As Competitive As It’s Ever Been’

CareTrust REIT (Nasdaq: CTRE), which has 157 skilled nursing facilities in its 222-asset portfolio, collected 100% of rent from its tenants in the first quarter. And when it comes to deals in the pipeline, most of those are skilled nursing facilities, the San Clemente, Calif.-based real estate investment trust (REIT) said in its first-quarter earnings […]

Omega: Long-Term Care Occupancy Improving with Vaccines – But Maybe Not Fast Enough

Omega Healthcare Investors (NYSE: OHI) was able to collect “virtually all” of its contractual rent for the first quarter, CEO Taylor Pickett said on the real estate investment trust’s first-quarter earnings call. However, he added that without more government aid, many long-term care operators are likely to feel the effects of the costs stemming from […]

To Address Staff Shortages, Nursing Homes Should Follow Home Care’s Recruiting Lead

Nursing home leaders have routinely pointed to staffing shortages as a top operational challenge, even in the years leading up to the COVID-19 pandemic. Now, the public health emergency has even further exacerbated the hiring challenges operators face. Those challenges were quantified recently in a Health Affairs study that examined pre-pandemic payroll-based journal (PBJ) data […]

$17.18M HUD Financing for Arizona SNF; Ensign’s Texas Buy

Greystone provided a $17.18 million loan insured by the Department of Housing and Urban Development (HUD) to refinance the 103-unit skilled nursing facility Sapphire Estates Rehab Centre in Tucson, Ariz. The HUD-insured Section 223(a)(7) financing carries a new 40-year term with a low fixed interest rate, and was originated by Greystone managing director Eric Rosenstock […]

LTC Properties ‘Cautiously Optimistic’ On Entering Recovery Stage of COVID, But Rental Income Declines

With vaccines administered to seniors at high rates, LTC Properties, Inc. (NYSE: LTC) is optimistic that new residents will be coming back to skilled nursing facilities and senior living properties — and though it’s not clear how quickly census will recover, CEO and chairman Wendy Simpson is encouraged by the “anecdotal evidence” from the real […]

Single Rooms Could Have Prevented 31% of Deaths for Long-Term Care Residents, International Study Finds

A study spanning several countries found that the infrastructure of long-term care has to change drastically to protect residents from health threats like COVID-19, with simulations finding that 31% of coronavirus deaths in Ontario, Canada, would have been prevented if all residents had had single-occupancy rooms. “Community outbreaks and lack of personal protective equipment were […]

Speech Therapy Scrutiny and Isolation Examination: What SNFs Should Expect As CMS Mulls PDPM Changes

The federal government announced it would be taking a look at the Medicare reimbursement system for skilled nursing facilities in the wake of higher-than-expected payments over the course of last year, even allowing for the impact of a global pandemic that had a uniquely deleterious effect on SNF operations. But whatever ends up changing, for […]

Greystone’s $25M HUD Loan; Capital Funding Group’s Record $800M Quarter

Greystone provided a $24.9 million loan insured by the Department of Housing and Urban Development (HUD) for the refinancing of the 120-bed skilled nursing facility Adira at Riverside, in Yonkers, N.Y. The financing was originated for L&A RE Acquisition, LLC, by Greystone managing director Fred Levine, with Shia Fishman of Capital Stack Advisors acting as […]

Why Nursing Home Operators Should Borrow the Home Health Playbook When Rebuilding Census

In times past, the advice for improving census at skilled nursing facilities could generally be distilled to a data strategy. That data might range from statistics on difficult-to-place hospital patients to hard numbers around key outcomes such as readmissions to the acute setting. But always the watchword was “data,” even if it wasn’t always clear […]

A Month After Emerging From Senior Care Centers BK, Nursing Home Operator Abri Files for Chapter 11

Abri Health Care, the company that emerged from the bankruptcy of skilled nursing operator Senior Care Centers, itself filed for Chapter 11 bankruptcy protection on April 16, according to landlord LTC Properties (NYSE: LTC) and court filings. Senior Care Centers LLC, now an Abri subsidiary, is owned 100% by Abri Health Services, LLC, which in […]

Lawmakers, Providers Call for Temporary Nurse Aide Extension — as ProMedica Tries to Fill 1,500 Jobs in One State Alone

With skilled nursing facilities facing significant staffing shortages amid the ongoing fallout of the COVID-19 pandemic, a group of lawmakers and operators called for making it easier to retain temporary nurse aides hired during the public health emergency — with one major operator reporting 1,500 unfilled jobs in the state of Pennsylvania. Luke Pile, vice […]

From Funding to Fines, Why ‘More of Everything’ Won’t Solve Endemic Nursing Home Problems Alone

To improve the quality issues in nursing homes — many of which pre-dated COVID-19 but were brought into a harsh spotlight because of the pandemic — the entire system of skilled nursing care needs to be completely overhauled, according to one physician in the space. “I believe that our consistent failures in nursing home quality […]