Sabra Sells Nine Genesis Facilities For $81.4M

Sabra Health Care REIT (Nasdaq: SBRA) completed the sale of nine facilities leased to Genesis Healthcare (NYSE: GEN) for $81.4 million and one facility leased to Signature HealthCARE for $7 million. The Genesis facilities included seven skilled nursing facilities, one senior housing community and one continuing care retirement community (CCRC). As a result of the sale, […]

NY Times Report Slams Staffing in Nursing Homes

Most U.S. nursing homes experience staffing fluctuations and have been overreporting their nursing and caretaking staff levels for years, according to data analyzed by Kaiser Health News for the New York Times. The new federal data comes from daily payroll records that Medicare began gathering and publishing from more than 14,000 nursing homes, as part […]

$23.2M Loan for Florida Expansion; Ensign Acquires Idaho SNF

Greystone Provides $14.6M HUD-Insured Loan for Tarrytown Healthcare Facility New York City-based Greystone provided a $14.59 million permanent loan insured by the Department of Housing and Urban Development to refinance Tarrytown Hall Care Center in Westchester County, New York. The Federal Housing Administration financing carries both a 35-year term and amortization period at a low, […]

Aging Population to Be Major Driver of Healthcare M&A

The aging population is a major force in the booming health care mergers and acquisitions market, which saw 579 deals for U.S. health care targets last year. West Monroe Partners, a Chicago-based business and technology consulting firm, conducted a survey of 100 market practitioners in collaboration with Mergermarket for a new report on how competition […]

NHI Sees Promise As Health Systems Move Into Skilled Nursing

Recent deals by nonprofit health systems ProMedica and Sanford Health to acquire skilled nursing facility operations have put the sector on notice — and one CEO can understand why. Eric Mendelsohn, the President and CEO of National Health Investors (NYSE: NHI), said he hasn’t seen health systems coming to the table for senior living and care […]

Alternate Buyer in Welltower-QCP Deal Drops Out

A buyer that could have thrown a wrench into the deal between Quality Care Properties (NYSE: QCP) and Welltower, Inc. (NYSE: WELL) is no longer in the running, according to a July 2 filing with the U.S. Securities and Exchange Commission (SEC). The Bethesda, Md.-based real estate investment trust (REIT) reported on June 12 that a proposal emerged […]

Blueprint Announces Portfolio Sales; $1.5M Loan for CT Nursing Home Acquisition

Blueprint Announces Eight-Property SNF Portfolio Sale in Pennsylvania Blueprint Healthcare Real Estate Advisors announced the sale of an eight-property skilled nursing portfolio in southeast Pennsylvania with 1,050 beds; some of these facilities offered high-acuity, specialty care. The seller sought to divest non-core assets, which included a portion of high-barrier-to-entry locations in the Philadelphia area, according […]

Having an In-House Insurance Plan Could Signal PDPM Success

Some skilled nursing providers have turned to in-house insurance plans to take more control of the care process, and the move could pay off if the government’s new proposed reimbursement model is finalized. The Patient Driven Payment Model (PDPM), which the Centers for Medicare & Medicaid Services (CMS) proposed in April, would overhaul skilled nursing reimbursements […]

Central Arkansas Gets First Green House; HUD Loan for Tryko Facility

Housing & Healthcare Finance Closes on HUD Loan for Tryko Facility in PA The Washington, D.C.-based Housing & Healthcare Finance closed on a 232/223(f) Department of Housing and Urban Development (HUD) loan for New Eastwood Healthcare & Rehabilitation Center. The 97-bed skilled nursing facility in eastern Pennsylvania is owned by Tryko Partners, which acquired it in […]

Voluntary Bundled Payments May Not Help Cut Post-Acute Spending

Voluntary bundled payment programs might not be the best way of tackling spending on post-acute care (PAC), at least according to a research letter in the Journal of the American Medical Association. In fact, just 3.7% of PAC organizations took part in Model 3 of the Bundled Payments for Care Improvement (BPCI) initiative, which targets PAC […]

Good Samaritan, Sanford Target Continuum Control with Merger Deal

The Evangelical Lutheran Good Samaritan Society and Sanford Health took a key step forward in their plans to merge, signing an affiliation agreement Tuesday to combine the two Sioux Falls, S.D.-based non-profit organizations. Pending regulatory review, hospital chain Sanford and senior care heavyweight Good Samaritan expect to combine by Jan. 1, 2019. The result — if everything […]

PDPM Could Create New Challenges for Skilled Nursing, AHCA Says

A newly proposed payment system overhaul for the skilled nursing industry could create new challenges for the sector, according to public comments by trade groups and other stakeholders submitted on the Federal Register. Namely, the American Health Care Association (AHCA) believes the payment system, as proposed by the Centers for Medicare & Medicaid Services (CMS) in […]

Good Samaritan and Sanford Hospital System Agree to Merge

The Evangelical Lutheran Good Samaritan Society, one of the largest non-profit senior care providers, on Tuesday announced a vote to approve a merger with Sanford Health, a not-for-profit health system. Good Samaritan has more than 200 locations across the U.S. with about 80 skilled nursing facilities, while Sanford has 44 hospitals. Both organizations are based in Sioux […]

Despite Shorter Stays, Medicare Advantage Improved Skilled Nursing Outcomes

Patients enrolled in Medicare Advantage (MA) plans had a shorter rehabilitation stay in a skilled nursing facility and were more likely to be successfully discharged to the community, compared with patients on fee-for-service (FFS) Medicare, according to a new study published in PLOS Medicine. MA patients were also less likely to experience a 30-day hospital […]

Spending on Medicare Advantage Plans Nearly Doubled Over Last Decade

Between 2007 and 2017, payments to Medicare Advantage (MA) plans for services covered under Part A and Part B almost doubled, jumping from $78 billion to $210 billion, according to a new report from the Kaiser Family Foundation (KFF). Put another way, as a proportion of overall spending on Medicare, MA plans have grown from 18% […]

Skyline Costs State $475K After Forced Skilled Nursing Takeovers

The state of Pennsylvania is set to pay Complete HealthCare Resources $475,000 after the  company took over nine skilled nursing facilities operated by Skyline Healthcare, the Reading Eagle reported. The implosion of Wood Ridge, New Jersey-based Skyline in South Dakota, Kansas and Nebraska has also hit Pennsylvania, where the Department of Health (DOH) had to appoint temporary […]

NYC Skilled Nursing Provider Sees Savings with In-House Emergency Staff

As skilled nursing facilities face pressures to improve care in an increasingly value-focused world, one provider has been able to lower its rehospitalization rate into the single digits by adding in-house emergency care. Call9, which is based in Brooklyn, N.Y., and embeds paramedics on-site at skilled nursing facilities, partnered with the Archdiocese of New York’s long-term care […]

SNF for Parolees Proposed in MO; 11-Building Lease Inked

SNF for Parolees Proposed in Fulton, Missouri The Georgia-based company CorrectLife, which provides assisted living to parolees or people eligible for parole with no alternate living arrangements, visited Fulton, Mo., to explore the potential construction of 150-bed skilled nursing facility, the Fulton Sun reported on Thursday. Carlo Musso, who founded CorrectLife, is interested in opening […]