LCS Promotes Joel Nelson to President, CEO

Life Care Services (LCS), one of the largest nursing and senior housing companies in the U.S., has promoted Joel Nelson to CEO and president. The leadership change is effective Jan. 1, 2018, the company announced Thursday. Longtime CEO Ed Kenny, pictured above, will remain chairman of the board of Life Care Companies and LCS Holdings. Based in Des Moines, […]

Health Care Spending Could Reach 40% of Federal Total by 2047

If current policies don’t change, federal spending on Medicare, Medicaid, and other health care programs will grow faster than any other category over the next three decades — eventually reaching 40% of the federal budget. The Congressional Budget Office (CBO) presented these statistics in a Wednesday presentation to the Council for Affordable Health Coverage and the American […]

SNF Transactions: CareTrust Buys Three Facilities in Southern CA

CareTrust REIT Acquires Three SNFs in Southern CA CareTrust REIT (Nasdaq: CTRE) acquired three skilled nursing facilities and provided mortgage financing for a fourth in Southern California. The San Clemente, Calif.-based real estate investment trust entered a new tenant relationship with affiliates of Providence Group in connection with the deal. The total investment for the […]

Tips to Recruit and Retain the Best SNF Directors of Nursing

Leader. Lifelong learner. Top-notch clinician. All ideal qualities for a skilled nursing facility’s director of nursing (DON). Finding – and keeping – a person with all those qualities is a daunting challenge. “I can only tell you, DONs in the post-acute skilled nursing world are very rare and they’re a treasure,” said Nancy Schwalm, chief business development […]

The Steps SNFs Can Take to Reduce Inappropriate Medication Use

Skilled nursing facilities looking to lower the use of potentially inappropriate medications (PIMs) could see success through implementing Multidisciplinary Multistep Medication Review (3MR) intervention, a study published Oct. 10 in the Annals of Internal Medicine suggests. Hans Wouters of the University Medical Center Groningen in the Netherlands, along with his colleagues, recruited 426 nursing home residents […]

Skilled Nursing Transactions: Greystone Secures $54.2M for NYC SNFs

Athena Health Care Buys Masonicare SNF in CT Athena Health Care Systems reached an agreement to purchase Masonicare’s Newtown, Connecticut skilled nursing facility and assisted living community, The Newtown Bee reported. The campus is licensed for 154 skilled nursing beds and 55 assisted living apartments, and the sale is expected to close by the end […]

SNFs, Hospitals with Shared Ownership Could See Bundled Payment Success

Bundled payment initiatives tend to work best if participating hospitals and skilled nursing facilities are part of the same institutional ownership structure, according to findings published this month in The Journal of Arthroplasty. The study investigated whether creating partnerships between hospitals and SNFs, with the shared goals of improving care coordination and maintaining appropriate length of stay, could […]