New Bundled Payment Models Could Shove Out SNFs

Post-acute care providers will have to adapt to a bundled payment system that gives primacy to hospitals and physicians — and to do that, they’ll have to prove their value to a host of partners, according to a recent blog post from the National Investment Center for Seniors Housing & Care (NIC). The Centers for […]

Indiana Providers Adopt ‘Creative Scheduling’ Amid Workforce Pinch

Almost 100% of long-term care (LTC) providers in Indiana are asking staff to pick up additional hours, and more than 70% are asking employees to work double shifts or overtime, according to the preliminary findings from a survey from the Indiana Health Care Association/Indiana Center for Assisted Living (IHCA/INCAL) and other industry groups. They’re also […]

Regional Will Rule in Skilled Nursing Transactions This Year

Low occupancy, political and regulatory uncertainty, staffing crunches, and reimbursement pressures present a fraught landscape for skilled nursing players to navigate. But companies that are looking to sell — or buy— will have plenty of opportunities in 2018. And as they seek each other out, localization will be a major force. “The skilled nursing business […]

Skilled Nursing Transactions: Blueprint, Sabra, CareTrust

Blueprint Announces Involvement in 20-SNF Portfolio Sale Blueprint Healthcare Real Estate Advisors announced the portfolio sale of 20 skilled nursing facilities, with 1,866 total licensed beds, for $103.3 million. A dozen facilities were located in Kentucky, seven were in Ohio, and one was located in Indiana. The Chicago-based advisory firm said it served as the […]

Human Rights Group Alleges Rampant Unnecessary Drug Use in SNFs

Human Rights Watch (HRW), a non-governmental organization that publishes reports and briefings on human rights conditions in about 90 countries, on Monday released a report estimating that more than 179,000 people in U.S. nursing facilities are inappropriately given antipsychotic drugs. “The drugs’ use as a chemical restraint — for staff convenience or to discipline or […]

Non-Profit Texas SNFs Forced to Close Amid Low Medicaid Rates

Morningside Ministries, a not-for-profit organization in San Antonio, Texas, that provides senior housing and care services, closed its Chandler Estate nursing home rather than risk lowering the quality of care under pressure from the state’s Medicaid system. The nursing home is slated to lock its doors this month, according to the San Antonio Express-News. And Morningside […]

Skilled Nursing Transactions: Monticello, HJ Sims, HFF, Blueprint

Monticello Provides $8M to NY SNF An affiliate of Monticello Asset Management provided $8 million in financing to Leroy Operating, which will buy a 140-bed skilled nursing facility in New York. The facility has a five-star rating from the Centers for Medicare and Medicaid Services (CMS), and includes a 40-bed non-secure memory unit and a 28-bed short-term […]

All-Female Memory Care Unit Opens on Texas Skilled Nursing Campus

Williamsburg Village Healthcare, a Texas skilled nursing and rehab community, this week opened a 24-bed memory care wing with a twist: It will serve women only. It’s a unique way to address a clear-cut need in the area, Gibson Vernon, the executive director of the StoneGate-managed Williamsburg Village, told Skilled Nursing News. “Every tour that […]

Nursing Care Transactions Drop Almost 11% in 2017

Nursing homes dragged down overall senior housing transaction volume in 2017, according to preliminary data from the National Investment Center for Seniors Housing & Care (NIC). Nursing care transactions volume fell 10.8%, from $7 billion in 2016 to $6.2 billion in 2017. By contrast, seniors housing increased 4.5% percent, rising to $7.9 billion in 2017 […]

AARP: ‘Critical Gaps and Inequalities’ for Minnesota SNF Residents

A new report aims to address the issue of elder abuse in Minnesota after the revelation of hundreds of cases of crime and neglect in the state’s senior care centers. Minnesota Gov. Mark Dayton asked AARP Minnesota to convene a consumer working group in response to a series of articles by the Minneapolis Star Tribune […]

Amid Opioid Epidemic, Drug Rehab Operators Eyeing SNF Properties

As millions of Americans grapple with opioid abuse disorders, skilled nursing facilities are attractive locations for drug treatment facilities. With more than 2 million people in the U.S. having a substance abuse disorder, according to the Department of Health and Human Services (HHS), the demand for care is spiking. “There’s this huge need for additional […]

Health Care M&A Surged in 2017 Among Providers Big and Small

Mergers and acquisitions dominated the hospital and health system landscape in 2017, and the deals indicate the growth of strategic transactions. That’s the takeaway from a new health care M&A report from Kaufman Hall, a Skokie, Ill.-based consulting firm. Last year, 115 health care deals with transacted revenue of $63.19 trillion were announced, the highest number […]

Coordination Key to Reducing Antipsychotic Use in Nursing Homes

The broad majority of antipsychotic prescriptions are initiated in nursing homes, but almost 20% were initiated in hospitals and many were continued from other settings, according to a new study published online this month in the Journal of the American Geriatrics Society. The results suggest that antipsychotic treatment needs to be assessed after transitions of […]

Why New Blueprint CEO Thinks Smaller is Better for SNF Operators

The former CEO and co-founder of Care Investment Trust will join Blueprint Healthcare Real Estate Advisors next month as the firm’s first president and CEO — and he predicts the market will be ripe for transactions in the coming year. Salvatore “Torey” Riso’s first goal will be to get a sense of where Blueprint’s business […]

Altercare Enters Agreement to Operate Six Ohio SNFs

Altercare Integrated Health Services, which operates 21 nursing care and rehabilitation centers in Michigan and Ohio, entered an agreement to acquire the operations of six centers in Ohio that are managed by Greystone Healthcare Management. Two remaining facilities are expected to follow in the next several months. Based in Tampa, Fla., Greystone Healthcare Management manages […]

Skilled Nursing Pressures Forcing Non-Profits to Sell or Close

Headwinds in the skilled nursing industry have forced many non-profits to operate at a significant financial loss, to the point that SNF assets are becoming a drag on their overall health. That’s according to Lisa McCracken and Dan Revie, writing in Ziegler Investment Banking’s Senior Living Z-News, which covered the dispositions and closures of not-for-profit […]

Despite Recent Research, SNF Quality Key for Medicare Advantage Plans

As Medicare Advantage (MA) continues to capture market share, skilled nursing facilities can seize the moment by focusing on quality to draw the attention of MA providers. The MA plans themselves are starting to pay more attention to quality, compared with prior years when geography and SNF-hospital partnerships took precedence, Mary Hsieh, managing principal at […]

Skilled Nursing Transactions: NHI, CarDon, Greystone, Ziegler

NHI Purchases Texas SNF for $14.4M National Health Investors, Inc. (NYSE: NHI) acquired a a 121-bed skilled nursing facility (SNF) in Waxahachie, Texas for $14.4 million.  The facility will be leased to an affiliate of The Ensign Group. It was added to the existing portfolio of 16 Ensign facilities across the state. CarDon & Associates Adds Lincoln Hills […]

Ziegler CEO Paprocki to Retire, Hermann to Take His Place

A major player in the skilled nursing and senior housing finance world will have a new CEO by spring. Ziegler’s board of directors announced that CEO Tom Paprocki will retire, effective March 31. Dan Hermann, who has been at Ziegler for 30 years and serves as head of investment banking, will assume the role of president […]

Only 7% of Caregivers Prefer to Work in Nursing Homes, Report Finds

Nursing homes fared particularly poorly in a new report on caregiver preferences, with only 7% saying they preferred to work in that setting. The other results highlighted what many in senior care have known for a long time: The labor market is tough, and the ramifications could be extensive. Specifically, 65% of caregivers are “always […]