Post-Acute Care Remains a Mystery for Hospital Doctors

Care transitions have become critically important for long-term care providers’ finances, but the world of skilled nursing facilities and home heath settings remains a mystery to many doctors at hospitals — and a pair of hospitalists think there are steps they can take to remove some of the confusion. Christine Jones of the University of […]

Bidding War for County Nursing Home; $11.3M Construction Loan in Vegas

Iowa Nursing Home Draws Three Prospective Buyers The 168-bed Country View nursing and mental health care center in Waterloo, Iowa, has drawn the interest of three companies, which have initially offered to buy it for $5.4 million to $5.6 million, The Courier reported. The nursing home is owned and operated by Black Hawk County. Preliminary […]

Rehab Business Model Will Change ‘Substantially’ Under PDPM

Therapy companies that provide services to skilled nursing patients must radically change their business models if the Centers for Medicare & Medicaid Services’ (CMS) proposed Patient Driven Payment Model (PDPM) is finalized and takes effect next year. That doesn’t mean that rehabilitation services for skilled nursing facilities will go away. But under PDPM, providers will […]

Volume Drops 45%, But Private Buyers Active in Seniors Housing, Care Sector

Private buyers accounted for $1.3 billion in closed transaction volume in the seniors housing and care sector, according to new first-quarter data from the National Investment Center for Seniors Housing & Care (NIC) — though overall mergers-and-acquisition volume took a major tumble. Nursing care transactions included about $900 million in closed deals, while seniors housing […]

Louisville Nursing Home Goes for $3.5M; Two Texas Facilities Sell for $29M

New Jersey-based LLC Buys Louisville SNF for $3.5M The Englewood Cliffs, N.J.-based The Portopiccolo Group LLC purchased a 98-bed post-acute care (PAC) and skilled nursing facility in Louisville, Ky., for $3.5 million, Louisville Business First reported. The purchase was made through an affiliate, Jeffersontown Propco LLC, according to Jefferson County documents. The facility was sold by […]

Senior Care Workforce Almost 90% Female, But Demographics Are Changing

Women account for the vast majority of health care workers in the senior living space — though the proportion of young male workers is on the rise, a new analysis from senior living industry group Argentum found. Female employees accounted for 89% of health care workers, with 40% of all workers between the ages of 30 and 49. […]

Omega Gets Approval to Transition Majority of Orianna Portfolio

Real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) received approval from the U.S. Bankruptcy Court for the Northern District of Texas to transition 23 of 42 facilities operated by its skilled nursing tenant, 4 West Holdings, Inc., to new operators. 4 West Holdings, known with its affiliates as Orianna Health Systems, entered Chapter 11 Bankruptcy in March. […]

Preferred Care Asks for Extension on Bankruptcy Restructuring Plan

Nursing home operator Preferred Care, which filed for Chapter 11 bankruptcy protection in November of last year for 33 of its SNFs, is seeking a court order to extend the deadline for filing a restructuring plan to Sept. 10. The current deadline is June 11. It is the debtors’ second request for an extension of the exclusivity periods […]

Specialties, Complex Patients Get Boost Under New CMS Payment Model

Skilled nursing facilities that can serve more medically complex patients will be rewarded under the Centers for Medicare & Medicaid Services’ (CMS) proposed Patient-Driven Payment Model (PDPM), according to a new white paper from Integra Realty Resources’ health care and senior housing practice. The proposed model, announced late in April, draws from a previously proposed model, the Resident Classification […]

Why Yelp Could be Superior to Five-Star Ratings for Nursing Homes

Researchers at the University of Southern California believe Yelp nursing home reviews are a useful tool in helping prospective residents or their family members make decisions about facilities, The New York Times reported Friday. Though reviews posted on Yelp and other online platforms such as Google or the recently acquired Caring.com are not perfect, the issue […]

Ensign Nabs Phoenix SNF; Capital One Handles $13.2M HUD Refinancing

Phoenix Skilled Nursing Facility Goes to Ensign Affiliate Blueprint Healthcare Real Estate Advisors announced the sale of the 128-bed Plaza Del Rio in the Phoenix suburb of Peoria to an affiliate of The Ensign Group (Nasdaq: ENSG). The seller was a Florida-based senior living developer and philanthropist who held the facility in a charitable remainder trust. […]

Sabra CEO: ‘Old Testament’ Almost Over As Genesis Exodus Wraps

Sabra Health Care REIT (Nasdaq: SBRA) on Thursday expressed optimism about the Centers for Medicare & Medicaid Services’ (CMS) new skilled nursing payment model and stressed its focus on executing its divestiture programs — particularly its sale of facilities operated by Genesis Healthcare (NYSE: GEN). Under the new model, incentives shift from short-term rehab to complex […]

CareTrust Sees ‘Better Returns and Brighter Future’ For Skilled Nursing

CareTrust REIT (Nasdaq: CTRE) touted the resolution of tenant issues and predicted a brighter future for skilled nursing on its first-quarter earnings conference call — even with lagging deal volume in the sector. The real estate investment trust (REIT) was upbeat about completing a planned Ohio operator swap that saw Pristine Senior Living and Post-Acute Care replaced with new […]

Miami Skilled Nursing Facility Sells for $31M; $75M Loan for N.Y. Portfolio

Greystone Closes $75M Loan for Acquisition of 561-Bed Portfolio Greystone, a New York-based commercial real estate lending, investment and advisory company, provided a $75 million loan for the Optima portfolio of three skilled nursing and rehabilitation facilities in the New York City metropolitan area. The loan, insured by the Department of Housing and Urban Development […]

ManorCare Mega-Deal Blurs Care Lines, But Will Doctors Buy In?

When assessing the deal struck by Welltower (NYSE: WELL) to acquire Quality Care Properties (NYSE: QCP) and by ProMedica to acquire HCR ManorCare, outsiders should look at whether the players can pull off a genuine team-based approach to care. That’s according to Bob Kramer, founder of the National Investment Center for Seniors Housing & Care (NIC). The […]

Ohio Portfolio Sells for $45M; Premier’s $30.8M Pickup

$45M Portfolio Sale in Ohio A five-property skilled nursing portfolio in northeast Ohio sold for $45 million, or approximately $62,000 per bed, Blueprint Healthcare Real Estate Advisors announced. Blueprint executed the sale for a publicly traded real estate investment trust (REIT) and a national operator; the buyer was a growing regional provider that had an […]

Two-Sided Risk Key to Telehealth’s Promise in Skilled Nursing

Telehealth has promise for long-term care facilities in rural areas, but a new risk model may be needed to fully realize the technology’s potential, according to testimony at a hearing before the U.S. House Ways and Means Committee that focused on innovation in health care. Rep. Adrian Smith, a Nebraska Republican, noted the significance of […]