PACS Starts Next Chapter With New Leaders, 200-Plus Facility Footprint

Following significant leadership changes recently at PACS Group, new initiatives are afoot at the nursing home giant as it continues to expand its footprint. To discuss these endeavors, Skilled Nursing News sat down with the new leadership at PACS, whose affiliates operate more than 200 facilities in nine states – 58 of these acquired in […]

Market Conditions Prompt Bullish Investment Outlook for LTC Properties

Market conditions are currently favoring REITs – and leaders with LTC Properties (NYSE: LTC) are feeling “very bullish” on their investment outlook for the year. LTC executives expressed optimism about the sector’s growth prospects, citing strong market fundamentals and increasing demand for senior housing. Specifically, they see a looming wall of debt maturities coming in […]

Inside the Rash of Abrupt Nursing Home Closures: The Key Factors at Play

In recent months, the nursing home sector has witnessed a concerning uptick in the abrupt closure of nursing homes across the United States, with closures in New Jersey, Missouri, California and Vermont, displacing residents. Many factors are at play in the abrupt shuttering of these nursing homes. A tough economic environment, stubborn staffing problems, a […]

Amid Rising Citations and Complaints, Lawmakers Advance Nursing Home Inspector, Staff Joint Training Bill

In a move to enhance the quality of care in Iowa’s nursing homes, Iowa lawmakers advanced a new bill that proposes joint training for nursing home staff and inspectors in order to better address complaints. Recent data shows complaints and citations have drastically increased over the last year. The Department of Inspections, Appeals and Licensing […]

Burnout, Permanent Exit From Nursing Home Workforce Fed by Rigid Schedules

Over one-third of healthcare workers, including nursing home workers, have needed to take a break at some point. These pauses, often driven by burnout and overscheduling, exacerbate the already significant workforce shortages plaguing the industry because many workers leave the workforce permanently. According to a new report from ShiftKey released Tuesday, of particular concern is […]

CareTrust Execs: Skilled Nursing Acquisition Market Heating Up, Strong Year for Investments Expected

Executives at CareTrust REIT (Nasdaq: CTRE) believe that the acquisition market for skilled nursing assets should heat up in 2024. And they highlighted the company’s robust financial position to be able to make investments, with $600 million available on their line of credit and nearly $300 million in cash. “We expect 2024 to be a […]

Omega Buys 2 CommCare-Operated Facilities With 244 Skilled Beds; Three Nursing Homes Sold in Ohio Through Blueprint

In Center Point and Jonesville, Louisiana, two properties comprising 244 licensed skilled nursing beds, operated by CommCare, have been successfully sold to Omega Healthcare REIT and their operator, Venza Care. According to Blueprint, who facilitated the sales, the facilities have stable performance levels, and experienced a significant financial boost following Louisiana’s Medicaid rate adjustment effective […]

Skilled Nursing Outlook 2024: Leaders Bullish on Occupancy But Recruitment, Retention Emerge as Significant Concerns

The year 2024 will pose a challenging landscape for skilled nursing professionals, with staffing problems still creating headaches. And yet, optimism is increasing and providers seem eager to drive expansion amid overall positive expectations for occupancy growth. The Skilled Nursing Outlook 2024 survey, which SNN conducted in partnership with Net Health, points to leaders perceiving […]

How WellSky, Google Cloud Aim to Start Delivering on AI’s Promise for Nursing Homes

Generative AI may become a more prominent part of caregiving for skilled nursing operators who need to save time due to staffing shortages. WellSky, a software analytics company that services healthcare providers, unveiled a collaboration with Google Cloud late last week to develop advanced data analytics tools, machine learning capabilities, and artificial intelligence in healthcare […]

Nursing Home Mogul Philip Esformes Agrees to Plea Deal in Medicare Fraud Case

In a major development for the nursing home industry, a plea agreement has been reached in the ongoing legal saga involving South Florida healthcare mogul Philip Esformes. Esformes, previously convicted in 2019 for his involvement in a billion-dollar Medicare fraud scheme, had his 20-year prison sentence commuted by former President Donald Trump in 2020, but […]

Best Skilled Nursing Design 2023: A Tree-Inspired Building Redefines Care With a Small-House Model, More Staff

The Forest at Duke (TFAD), recently introduced a new building at the heart of its campus in Durham, North Carolina​. The five-story building embraced the small-house model, with 10-bed households forming neighborhoods, each with a unique personality. The staff and caregivers were integrated into this model, fostering a sense of community. Family-style meals became a […]

A Barometer of Nursing Home Sector’s Financial Health, HUD Lending Seen as Rising in 2024

The landscape of healthcare financing, especially for skilled nursing facilities, has been undergoing significant shifts in recent times, but the growth outlook has improved and approval of government-backed loans is expected to rise in the coming months. The Department of Housing and Urban Development’s (HUD) lending in the skilled nursing space for less risky loans […]

California Nursing Home’s Closure Underlines Steps To Ease ‘Transfer Trauma’ as Shutdowns Rise

The recent closure of a California facility is bringing even more attention to the broader issue of bed shortages and “transfer trauma” at nursing homes across the U.S., given that shutdowns of facilities have continued to mount in recent weeks. Efforts are being made to prevent “transfer trauma” among the older residents at skilled facilities, […]

New Fed Funds, Career Ladder Offer Remedy for CNAs in Nursing Homes Facing Severe Burnout

The Geriatric Workforce Enhancement Program (GWEP) is undergoing changes that could help operators bolster their workforces with better trained direct care workers and improve the career ladder for certified nurse aides (CNAs). The Moving Forward Coalition, an organization engaged in enhancing the quality of care at nursing homes, held a presentation on the latest updates […]

Addressing Wildfire Smoke’s Harmful Impact on Nursing Home Air Quality

As wildfires continue to plague the western U.S. and Canada, the repercussions of the resulting smoke infiltrating long-term care facilities have become a significant concern for nursing home residents across many parts of the country. Luke Montrose, an environmental toxicologist at Colorado State University, conducted a study in 2020, which found that one facility allowed […]

Bloomberg: American Healthcare REIT Seeks $700 Million in IPO that Could Be Imminent

American Healthcare REIT is gearing up for a significant move in the financial landscape as it eyes a $700 million initial public offering (IPO), Bloomberg reported on Tuesday. The REIT’s primary operating partner is Louisville, Kentucky-based Trilogy Health Services, which is one of the nation’s largest skilled nursing and senior living providers. “Trilogy constitutes more […]

Omega Buys Louisiana-Based CommCare’s 244-Bed Nursing Homes; Capital Funding Group Closes $19.8M Financing for Virginia SNF

Capital Funding Group (CFG) successfully closed a significant $19.8 million bridge-to-HUD loan, marking a strategic move in the acquisition of a 120-bed skilled nursing facility in Virginia. “The successful closing of this financing underscores our leadership in the bridge-to-HUD lending industry,” said CFG Managing Director, Real Estate Finance, Tim Eberhardt, in a press release. “With […]

Inside Nursing Home Sector’s Fight To Protect Against a Rapid Rise in Cybercrime

In recent years, the skilled nursing sector has faced an escalating threat from cybercriminals, posing significant risks to the operations of nursing homes. Due to the rapid rise in use of technology since the COVID-19 pandemic, experts in the sector have noticed an uptick in cybercrime and insurance underwriters are demanding nursing homes protect themselves […]

Owner of Skilled Nursing Operator Skyline Pleads Guilty to $38M Fraud

Joseph Schwartz, the owner of Skyline Management Group LLC, has admitted his involvement in a massive $38 million employment tax fraud scheme. The scheme targeted nursing homes owned by Schwartz across the country.  Skyline, headquartered in Wood Ridge, N.J., once operated over more than 100 skilled nursing facilities across 11 states, providing care for over […]