SavaSeniorCare Takes Regional Approach to Nursing Home Clinical Challenges with New Chief Medical Director

In the investment and finance side of skilled nursing, “regional” is commonly cited as a strength for an operator; the idea is that a strong presence in a concentrated geography allows for better relationships with hospitals and referral partners, physicians, and the community generally. But thinking regionally goes beyond the financial well-being of a facility, […]

CareTrust Picks Up Southern California Nursing Facility for $15.9M; Eastern Union’s $57M Bridge Financing

CareTrust REIT (Nasdaq: CTRE) acquired the Buena Vista Care Center, a 150-bed skilled nursing facility in Santa Barbara, Calif., for about $15.9 million, including transaction costs, the real estate investment trust announced March 9. The facility will continue to be operated by Covenant Care under a long-term lease assumed by the San Clemente, Calif.-based CareTrust […]

PruittHealth Rolls Out Joint Commission Accreditation at All 91 Southeast Nursing Facilities

PruittHealth last week announced that all 91 of its skilled nursing facilities in the Southeast region will be required to undergo Joint Commission Nursing Care Center Accreditation, with the facilities in Georgia slated to go first. The SNFs will be required to undergo accreditation to achieve the Gold Seal of Approval; accreditation from the Joint […]

Senate Narrowly Confirms Becerra as HHS Secretary

The U.S. Senate on Thursday confirmed California attorney general Xavier Becerra as secretary of the Department of Health and Human Services (HHS) by a 50-49 margin, almost entirely along party lines. Sen. Susan Collins of Maine was the only Republican who voted to confirm Becerra. Becerra was nominated by President Joe Biden in early December […]

HHS Awards $255M Contract to Supply 50M Rapid COVID-19 Tests to Long-Term Care Facilities

The Department of Health and Human Services (HHS) this week announced that it would invest more than $12 billion in expanding testing for COVID-19, with a $255 million contract for the production and delivery of 50 million rapid point-of-care antigen tests to long-term care facilities. The contract covers 50 million Abbott BinaxNOW tests “to support […]

Staffing and Ownership Structure Take Center Stage in Senate Hearing on COVID-19 in Nursing Homes

The Senate Finance Committee on Wednesday held a hearing on the impact of COVID-19 on nursing homes, and witnesses from the frontlines to the academic sphere testified to the fact that the pandemic exacerbated problems that long predated the novel coronavirus. And while the hearing contained its share of partisan talking points — ranging from […]

Ensign Sees Admission Volumes Closing in on Pre-Pandemic Levels, More M&A as Stimulus Runs Out

The Ensign Group (Nasdaq: ENSG) is seeing admission volumes start to recover in the wake of vaccination clinics at its long-term care facilities, but the time it will take for occupancy to return to pre-COVID-19 levels is still an open question, the operator’s executives indicated during a virtual presentation at the brokerage and investment bank […]

Nursing Home Industry Targets RN Staffing, PPE Stockpiles in Reform Pitch — But Ownership Untouched for Now

The two largest trade groups for nursing homes proposed a policy agenda to address the systemic issues in the sector illuminated by COVID-19, with reforms centered on improving nursing hours, staff retention and infection control — in addition to increasing reimbursement from Medicaid, the largest payer for nursing home care, to cover the costs. The […]

Invesque: Symphony Reduction Talks Continue, No Revenue from Bridgemoor in Q4

Invesque Inc. (TSE: IVQ.U) on Thursday indicated that talks to finalize the details of a transaction to cut its exposure to Symphony Care Network, its largest skilled nursing operator tenant, continue — while recognizing no revenue from Bridgemoor Transitional Care. In the third quarter of 2020, Invesque reported that it was taking steps to reduce […]

As Vaccine Clinics Wrap Up and Doors Open, Nursing Homes Must Start Planning for Waves of Future Shots

When emergency use authorizations (EUA) were granted to two COVID-19 vaccines in December 2020, health care workers and residents in long-term care facilities were granted first priority for the shots — and a federal partnership to vaccinate nursing homes kicked into gear. By January 25, most nursing homes participating in the Pharmacy Partnership for Long-Term […]

$257M False Claims Act Judgment Leads to Six-Entity Nursing Home Bankruptcy

Six skilled nursing entities — spanning operations, management, and rehabilitation — this week filed for Chapter 11 bankruptcy after the reinstatement of a multimillion False Claims Act (FCA) judgement against them last year. The entities themselves are part of a group of corporate affiliates of major nursing home operator Consulate Health Care, but the bankruptcy […]