Collaboration on Skilled Nursing Transitions Reduces 30-Day Readmissions

A collaborative initiative between nurse practitioners (NPs), doctors, and other medical staff to help patients discharged from a hospital to a skilled nursing facility lowered 30-day hospital readmissions. The Enhanced Care Program fosters collaboration between medical staff and patients in settings where nurse practitioners were available around the clock; medication reconciliation procedures were also followed at the […]

Voice Tech Has ‘A Long Way to Go’ to Meet the Hype in Skilled Nursing

Voice technology has promise in senior care, but skilled nursing providers and residents need to keep their expectations tempered, one expert says. When it comes to Amazon’s Alexa voice assistant, Elizabeth Mynatt, the executive director of Georgia Tech’s Institute for People and Technology, has a note of caution. “I think the Alexa is unproven,” Mynatt […]

Carnegie Capital Sources $10M for Georgia Acquisition; $11M Skilled Nursing Refi in Illinois

Dwight Capital Provides $4.5M Bridge Financing for Minnesota SNF Acquisition Dwight Bridge Fund, which is managed by the New York-based Dwight Capital’s affiliated investment advisor, financed an assisted living facility (ALF)/skilled nursing facility (SNF) acquisition in Minnesota. DBF provided a $4.5 million bridge loan for the purchase of Caledonia Rehabilitation & Retirement Center in Caledonia, Minn. The 66-bed […]

CareTrust Expands into South Dakota with Acquisition of Former ManorCare SNF

CareTrust REIT, Inc. (Nasdaq: CTRE) acquired a 99-bed skilled nursing facility in Aberdeen, S.D., and added the property to its existing master lease with Salt Lake City-based Eduro Healthcare, LLC. The facility, now known as Prairie Heights Healthcare Center, was formerly operated by an affiliate of HCR ManorCare. Eduro took over operations on Wednesday. The total investment was approximately $9.7 […]

CMS Wants to Probe Opioid Use at Skilled Nursing Facilities

Amid ongoing concerns about overuse of opioids, the federal government wants to survey nursing home operators about drug safety. The Centers for Medicare & Medicaid Services (CMS) proposed a survey of  1,200 nursing home administrators or directors of nursing, community-based pharmacists, and physicians to evaluate its medication safety and adverse drug event prevention programs — with […]

PGIM Real Estate Finance Adds to Skilled Nursing Team

PGIM Real Estate Finance hired Corley Audorff as a director in its senior housing and health care group, where he will have a specific focus on lending for skilled nursing facilities. PGIM Real Estate Finance is the commercial mortgage business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). It has more […]

Ohio Skilled Nursing Facility Sells for $13.5M; Mass. Portfolio Gets $47M in Loans

$4.7 Million Raised for New County Skilled Nursing Facility The Door County Medical Center in Sturgeon Bay, Wis., held a groundbreaking ceremony for a new 25,000-square-foot skilled nursing facility, the Door County Daily News reported. The facility is expected to be completed in the next year. Mike Herlache, executive director of the Door County Medical Center […]

CCRCs Move Away From Skilled Nursing As Demand Drops

By the industry’s own definition, continuing care retirement communities (CCRCs) include skilled nursing care — but there is a growing trend of developing similar communities that lack such care, according to a report from the commercial real estate services firm CBRE. In addition, some established CCRCs have either closed or significantly cut back on their […]

Distressed SNF Takeovers Can Pay Off, But Risks Abound

Struggling skilled nursing facilities present a minefield of potential risks for new owners and operators, but there are ways to mitigate them, even when the current operator is facing serious financial distress. That’s according to Louis Robichaux, senior managing director at the consulting firm Ankura who focuses on health care restructuring, and George Mesires, leader of the senior […]

Illuminate HC To Manage Nine Former ManorCare Facilities in Michigan

Illuminate HC will take over nine former HCR ManorCare nursing homes in Michigan. The management contract gives Illuminate a portfolio including 1,054 beds and more than 1,500 employees. The facilities will transition to the brand SKLD, according to a press release announcing the deal. They are located in greater Detroit and Grand Rapids, Michigan. Illuminate, […]

D.C. Post-Acute Continuum Sale; $9.87M Financing for Kentucky SNF Portfolio

Post-Acute Continuum in Washington, D.C., Sold to Brooklyn-Based Buyer Healthcare Transactions Group facilitated the sale of the assets of VMT Long-Term Care Management, Inc., a for-profit post-acute services continuum in Washington, D.C. The assets included the leasehold operations of the 230-bed Unique Residential Care Center skilled nursing facility and a Medicare- and Medicaid-certified licensed home […]

Iowa Nursing Home Lobbyists Praise Lowered Fines Under Trump

Nursing home lobbyists in Iowa thanked federal regulators for lowering fines on facilities and asked them to “pursue a more collaborative — and less punitive — role” in nursing home regulation, the Des Moines Register reported Wednesday. In a July 7 phone call arranged by U.S. Sen. Charles Grassley, R-Iowa, Iowa Health Care Association (HCA) President Brent […]

Medicare Advantage Beneficiaries Do Better On Outcomes, Costs

Patients enrolled in Medicare Advantage programs outperformed traditional fee-for-service (FFS) on several key quality measures, according to a new report from Avalere. MA beneficiaries in Avalere’s study had 23% fewer inpatient stays and 33% fewer emergency room visits than FFS Medicare beneficiaries. MA beneficiaries received more preventive physician tests and services, while FFS Medicare beneficiaries […]

Tryko Partners Acquires Two Baltimore SNFs, Plans Multimillion Upgrades

Tryko Partners acquired two skilled nursing facilities totaling 254 beds and plans to launch renovations and programming expansions at both properties. Marquis Health Services, Tryko’s health care affiliate, has assumed operations of the facilities. Tryko is a private equity group based in Brick, N.J., while Marquis has 10 SNFs in the Mid-Atlantic region, with additional […]

Nursing Homes Should Focus on Dining To Boost Resident Experience

A skilled nursing facility can bolster resident quality of life by focusing on its dining, a study from the LeadingAge LTSS Center @UMass Boston suggests. That’s according to Natasha Bryant, senior research associate at the LTSS Center, who worked on a study that examined the impact of a person-centered care approach and household model on resident life […]

Skilled Nursing Facilities Have Strong Showing in Great Place to Work Data

When Fortune magazine publishes its first “Best Workplaces in Aging Services” list on Sept. 27, it might include some skilled nursing facilities. That wasn’t what Jacquelyn Kung, CEO of Activated Insights, expected when her firm began leading the effort to compile the “Best Workplaces in Aging Services.” Activated Insights is based on the San Francisco corporate […]

KeyBank Provides $67.2M Financing for West Virginia SNF Portfolio

KeyBank Real Estate Capital provided $67.2 million in financing for a three-property skilled nursing portfolio in West Virginia, through the Federal Housing Administration’s 232/223(f) loan program. The facilities are include Marmet Center in Marmet, Cedar Ridge Center in Sissonville and Willows Center in Parkersburg. All of them are operated by Genesis Healthcare (NYSE: GEN). They have a […]

Hospital-at-Home Patients Have Lower SNF Admissions

A program to provide hospital care in the home led to lower admissions to skilled nursing facilities for the patients who took part in it, a June 25 study found. But SNFs shouldn’t necessarily hit the panic button. The study, which was published in the Journal of the American Medical Association (JAMA), found that just […]