Ensign Adds Arizona SNF; County Nursing Home Finally Sold in Illinois

The Ensign Group (Nasdaq: ENSG) acquired the real estate and operations of the 130-bed Phoenix Mountain Post Acute skilled nursing facility, effective April 1. The community had an average occupancy rate of about 80% at the time of the acquisition, according to Jim Guschl, president of Bandera Healthcare, Inc., Ensign’s Arizona-based subsidiary. “We have admired […]

Turn-Key CEO: Why Palliative Care Must Soon Come to Skilled Nursing

Given their emphasis on rehabilitation and recovery, skilled nursing facilities aren’t typically places where patients receive palliative care. That’s despite the fact that only a small portion of nursing home residents who would benefit from such care usually receive it, according to one study published in 2017 by the Journal of the American Medical Association. […]

Johns Hopkins Reveals Inner Workings of Its Preferred Skilled Nursing Network

One academic health system found that though the process can require considerable time and resources, establishing a preferred skilled nursing facility network could provide a leg up in improving care and in implementing value-based health strategies. Johns Hopkins Medicine (JHM), an integrated care system that includes five hospitals in Maryland and the District of Columbia, […]

Bloomberg: Long-Term Care Dominates Health Care M&A in February

Long-term care deals dominated the health care mergers-and-acquisitions landscape in February, clocking in at 32 transactions, according to a Friday report from Bloomberg Law’s transactions advisory board. That number is double the next-closest sector, health care information technology and software, which racked up 16 deals for the month, according to the list compiled for Bloomberg […]

Wave of Anticipated Skilled Nursing M&A Action Still Offshore for Now

Major real estate investment trusts (REITs) with stakes in the skilled nursing world almost universally expressed optimism about the coming change in Medicare Part A reimbursement — and several predicted changes in mergers and acquisitions as a result. But the expected wave of small mom-and-pops exiting the skilled nursing industry because the Patient-Driven Payment Model […]

Georgia Skilled Nursing Facility Sells for $7.3M; $25M SNF Opens in Kentucky

Southern Health Corporation of Ellijay, Inc., a subsidiary of SunLink Health Systems (NYSE American: SSY), sold its Parkside Ellijay Nursing Home and related real estate for about $7.3 million. The net proceeds, about $6.4 million, will be retained for working capital and general corporate purposes. SunLink expects to recognize a pre-tax gain of about $2.1 […]

Shorter Stays Bring Rewards Under PDPM — But Only to a Point

Skilled nursing providers might be able to reap financial gains under the new Medicare payment model taking effect in October of this year if they can cut their average patient length of stay (LOS). But the gains will only hold until a certain point, and providers that already have shorter LOS —- such as short-term […]

Focus on Behavioral Residents Lands SNFs $10.5M to Expand Services

As the prevalence of behavioral health issues grows among the nursing home-aged population, one group of skilled nursing facilities received a major grant to help improve mental health care among its residents. CareChoice Cooperative, which is based in St. Paul, Minnesota, earlier this year received $10.5 million to bring the Resident Centered Behavioral Health (RCBH) […]

Aegis CEO Schram: Therapy Still Has Value Under PDPM, But Providers Must Be ‘On the Hook’ for Outcomes

With therapy minutes no longer driving reimbursement under the new Medicare reimbursement system taking effect on October 1, the relationship between skilled nursing facilities and rehabilitation companies is undergoing a significant metamorphosis. But the change runs deeper than the shift in revenue streams. The new system will drive new models of care and move. interactions […]

Private Equity Firm Northwind Announces New SNF Lending Platform as Part of $1B Goal

Northwind Group, a private equity firm based in New York, last week announced a new health care lending platform for providing debt and preferred equity capital to seniors housing and skilled nursing real estate owners and operators. The offerings will include first mortgage-secured loans for acquisitions, refinancings, and other bridge needs for two- to five-year […]

Amid Changes, Downstream Partnerships Will Become Vital to Skilled Nursing Quality

Skilled nursing facilities are facing increasing pressure to be more aware of the full spectrum of a patient’s care, with the rise of value-based purchasing (VBP) programs and accountable care organizations. And when the new Patient-Driven Payment Model takes effect on October 1, that won’t be possible if individuals are making decisions on their own. […]

Scrutiny About Behavior Changes Under PDPM Will ‘Inevitably’ Come to Skilled Nursing

The changes in Medicare reimbursement taking effect in October will mean upheaval in more places than a skilled nursing facility’s billing department. It will mean changes in the nuts-and-bolts processes of patient care, and SNFs need to be preparing for this reality — with the knowledge that regulators will be watching closely. That’s according to […]

Deadline for SNFs to Dispute Value-Based Penalties Nears — But Some Claims May Be Too Old

Skilled nursing facilities officially have until the end of March to submit corrections related to their quality measure information under the SNF Value-Based Purchasing (VBP) program, which offers incentive payments for facilities that reach certain readmission benchmarks — as well as penalties for those that fail. But it might not be possible to complete the […]

Summit REIT Acquires 14 Facilities in $125M Deal; Good Sam Divests Three SNFs in Wisconsin

Summit Healthcare REIT, Inc. acquired an interest in 14 skilled nursing and assisted living facilities in Indiana for $125 million, with plans to lease them back to the seller on a triple-net basis. The acquisition, announced Wednesday, was made through a newly formed joint venture among a wholly-owned subsidiary of Summit, a real estate holding […]

Despite Industry Pressures, White Oak Launches $500M REIT for Skilled Nursing, Senior Housing

Despite persistent industry headwinds, an investment firm with a strong skilled nursing footprint is expanding its reach in the space. White Oak Healthcare Finance on Tuesday announced the launch of a real estate investment trust (REIT) vehicle for investing up to $500 million in initial acquisitions in senior housing and skilled nursing properties, primarily focusing […]

$150M Center for Inmates in Illinois; SNF-to-Detox Conversion in Connecticut

The Illinois Department of Corrections is building a $150 million mental health and general medicine treatment center in Joliet, Ill., to provide care for incarcerated patients who have mental illnesses or require long-term skilled nursing care. WSPY FM 107.1 reported the news. The 200-bed facility will provide services to both male and female patients and […]

Baby Boomers May Prefer Residential Care Over Home Health: Survey

A new survey of older Baby Boomers goes against some of the common perceptions about what adults in the 60-to-72 age bracket want as they get older — and depending on their circumstances, that could include skilled nursing care. The survey was conducted by LeadingAge, a group which represents non-profit senior living providers, in conjunction […]