Several former Skyline Healthcare properties in South Dakota could soon be transferred from a court-appointed receiver to a new permanent operator, but one lender involved in the case is arguing that it won’t get paid if the deal happens. The Aberdeen News first reported the news late last week. Skyline fell apart financially in South […]
In a bid to keep its struggling skilled nursing facility open, Sonoma Valley Hospital (SVH) is looking to outsource operations to The Ensign Group (Nasdaq: ENSG). A proposal for Ensign to take over operations on July 1 is in the works, with the final approval slated to come at a special board meeting scheduled for […]
As the federal government continues to push health care providers to put skin in the game for outcomes, skilled nursing facilities have to demonstrate their ability to offer solutions to reap the rewards. But how they do that varies from region to region and provider to provider, with each path presenting its own pros and […]
A New Jersey group purchased the property associated with the Winston-Salem Nursing and Rehabilitation facility for $21 million, the Winston-Salem Journal reported. The property, located in Winston-Salem, N.C., was purchased by Winston-Salem One Propco LLC, an affiliate of Ultra Care Management LLC of Englewood Cliffs, N.J., the publication reported, citing a filing with the Forsyth […]
Florida’s new Medicaid prospective payment system for nursing homes, which took effect in October of last year, has created winners and losers among properties across the state, according to a new analysis by the USA Today Network — Florida. The PPS is designed to incentivize and reward skilled nursing facilities that make improvements in care […]
Freestanding nursing facilities still rank low on investor wishlists, even though the sector saw an uptick in occupancy late last year, according to a new survey of senior housing investors from the professional services firm JLL (NYSE: JLL). Though 41% of survey respondents — which included lenders, operators and consultants, among other transactions professionals — […]
Joint replacements and orthopedic patients were once the bread and butter of the skilled nursing world, but as acuity rises and value-based care gathers momentum, it’s not a business SNFs can bank on having in the future. Instead, they have to be hyper-aware of the needs of their specific market and respond accordingly. For Symphony […]
The new Medicare reimbursement model for skilled nursing facilities remains on track for implementation this fall, but not everyone is ready — and operators need to look to the big-picture shifts in value-based care for inspiration as the clock keeps ticking. That’s according to a recent webinar from the Minneapolis-based consulting firm Health Dimensions Group […]
Skilled nursing facilities are being pushed by both the health care system at large — and, more directly, their referring hospital partners — to improve outcomes and lower readmissions, while also saving money. To accomplish those aims, it’s essential for SNFs and hospitals alike to have a handle on their data — but that process […]
As the health care system continues to push skilled nursing providers in the direction of risk, the Ciena Group has relied on lessons learned from bundled payments as it looks at entering the world of Medicare Advantage. The fact that skilled nursing could not initiate episodes under the newest bundled payments model “pulled the rug […]
SunTrust Banks, Inc. (NYSE: STI) served as senior debt lender for a $29.7 million financing for the construction of a new skilled nursing facility in Florida, CityBizList reported. The 180-bed facility is being built in Apopka, Florida, by Greystone Healthcare Management; construction started in April of this year and is expected to finish in early […]
Depending on the state they’re in, skilled nursing facilities could jolt flagging finances by adding a behavioral health component to their lineup of services. But they have to proceed carefully. Such services can bolster reimbursement significantly, while also creating additional pressure on hiring, staffing, and programming, according to providers presenting at the LTC 100 conference […]
Executives at Omega Healthcare Investors (NYSE: OHI) on Wednesday expressed optimism about the skilled nursing industry in the long term — and even believe that there’s some near-term upside amid payment increases from the federal government and new models of reimbursement on the horizon. In addition, leaders at the real estate investment trust (REIT) even […]
Less than a year has passed since the ink dried on health system ProMedica’s acquisition of skilled nursing operator HCR ManorCare, but the deal has already brought $70 million into its capital-starved post-acute operations this year — with more cash influxes where that came from. That level of reinvestment, which ManorCare plans to repeat each […]
Ever since the government came out with its most recent model for bundled payments, acute care has been in the driver’s seat. Under the Bundled Payments for Care Improvement Advanced (BPCI Advanced) program, hospital providers and physician leaders are the only ones who can initiate episodes of care. The Centers for Medicare & Medicaid Services […]
In an effort to turn around a string of shaky quarterly financial results and get back in the Nasdaq’s good graces, skilled nursing operator Diversicare (Nasdaq: DVCR) has its sights set on expense-structure changes and supplemental payment programs in Texas. The Brentwood, Tenn.-based operator recorded a net loss from continuing operations of $3.3 million, or […]
CareTrust REIT Inc. (Nasdaq: CTRE) acquired the 118-bed Lakewest Rehabilitation & Skilled Care skilled nursing facility in Dallas, for an initial investment of $10 million, inclusive of transaction costs. The San Clemente, Calif.-based real estate investment trust (REIT) leased the property to Texas SNF operator Next Gen P, LLC, with initial annual cash rent set […]
The Ensign Group (Nasdaq: ENSG) acquired four skilled nursing facilities in California and two post-acute retirement campuses that include skilled nursing units in Arizona, the provider announced Thursday. The move continues Ensign’s active push for expansion, which the company touched on in its fourth-quarter earnings call. Ensign has seen strong growth from its opportunistic acquisitions, […]
A new federal report on nursing home deficiency trends saw an up-and-down pattern in recent years, with a handful of states generating the lion’s share of issues. Officials at the Department of Health and Human Services (HHS) Office of the Inspector General (OIG) found the number of nursing home surveys and deficiencies rose slightly each […]
Generations Healthcare recently broke ground on a new skilled nursing facility in Temecula, Calif., one that will include 116 skilled nursing and rehab beds and 64 memory care and dementia-focused beds. That bed ratio in some ways reflects where Generations president and CEO Thomas Olds, Jr. sees the skilled nursing world going: toward sicker patients […]