The pandemic created myriad risk factors for nursing home operators, many of whom have been primarily focused on staffing shortages and infection control for the past three years. Yet as the industry continues to evolve, operators may need to diversify their risk mitigation strategies to prepare for higher acuity residents, the implementation of the Phase […]
Although private equity and venture capital firms have increased investment in senior care in the past five years, much of that investment has gone toward at-home care and services, not nursing homes. Home- and community-based services and technologies comprise a large investment pocket, along with Medicare Advantage primary care organizations, according to data reported by […]
As the federal government continues to seek to understand who is buying and financing nursing homes, the role private funds play in the health care system more broadly appears to be trending upward. Private equity (PE) firms spent $206 billion on more than 1,400 health care acquisitions in 2021, according to a Kaiser Health News […]
Covid-19 infections and deaths in nursing homes plummeted after the omicron variant receded and efforts were undertaken to ensure staff and residents were vaccinated, boosted and masked. Yet as fall fades into winter, many operators are bracing for the likelihood of a tripledemic: Covid-19, Respiratory Syncytial Virus (RSV) and influenza all at once. Mandatory masking […]
The Ensign Group (Nasdaq: ENSG) continues to expand its South Carolina footprint with the acquisition of Lila Doyle Post Acute, a 120-bed skilled nursing facility. The Seneca, S.C., nursing home is located on Memorial Hospital’s campus and was acquired on Nov. 1 by a subsidiary of Standard Bearer Healthcare REIT, Ensign’s captive real estate company, […]
Economic conditions such as tight debt markets have slowed the portfolio restructuring efforts that CareTrust REIT (NYSE: CTRE) embarked on earlier this year. However, company leadership see the scales tipping in favor of acquisitions. Currently, acquisition pricing remains tricky, as sellers are still trying to achieve “peak pricing,” CareTrust Chief Investment Officer Mark Lamb said […]
Although nursing home employment has slowly been on the rise since the pandemic sent staffing numbers plummeting nationwide, the toll the nursing shortage specifically has taken continues to be a concern for operators. Persistent staffing shortages and high turnover has more broadly motivated operators to rethink positions like MDS coordinator roles and consider allowing registered […]
As health care employment numbers continue to climb, according to new federal data, nursing homes are only seeing slight job growth. Employers in health care overall saw 53,000 more jobs in October, with nursing homes seeing an estimated 4,100 more new hires, according to Bureau of Labor Statistics (BLS) data. When including residential care facilities, […]
As the seasons change and operators brace for a potential “tripledemic” this winter, the nursing home industry’s largest trade group is calling on the federal government to extend the public health emergency beyond its January 2023 end. The American Health Care Association and National Center for Assisted Living sent a letter to the U.S. Department […]
With wage inflation and crushing labor market shortages, skilled nursing operators face steep competition relative to other industries — especially those in regions where labor availability is limited and employer demand is high. The industry as a whole still remains 220,200 jobs below pre-pandemic levels, and 312,600 jobs below its peak in September 2011, according […]
Cambridge Realty Capital Companies provided a $10,400,000 HUD Lean loan to refinance a dual-facility assisted living and skilled nursing campus in the state of Iowa. The Views of Burlington, located in Burlington, Iowa, comprises Oakview Nursing and Rehabilitation, a 60-bed SNF, and Ridgeview Assisted Living, a 42-bed facility. Cambridge President Andrew Erkes said in a […]
In 2014, Hebrew Home at Riverdale’s Medical Director Zachary Palace was faced with a perplexing question: By permitting residents to exercise their full rights as citizens of the state, could he put the senior care center at risk for non-compliance? At that time the Compassionate Care Act, New York’s medical cannabis law, had just been […]
The 10 largest nonprofit, multi-site senior living organizations were operating nearly 2,000 fewer nursing care beds at the end of 2021, compared with the end of 2020. That’s according to the 2022 LeadingAge Ziegler 200 report. The report lists the largest not-for-profit systems providing aging services through senior living in the United States, in order […]
The Biden administration has ramped up its efforts to provide access to the most recent Covid-19 vaccines, including in nursing homes. The federal government’s announcement on Tuesday comes at a time when only 39.8% of residents and 27.2% of staff are up to date per facility with their vaccines, according to the most recent data […]
At a glance, there’s not much cultural overlap between the nursing home industry and the world of cryptocurrency. Yet Foundations Health Solutions is taking a page from the upper echelons of technology startups to garner hype for the nursing home industry. The secret ingredient? Vibes. Ohio-based Foundations, which manages over 60 skilled nursing facilities and […]
A case that could determine whether state-owned nursing homes are shielded from federal lawsuits filed by residents will be heard by the nation’s top court in just a few weeks despite calls from activists and lawmakers to dismiss the case entirely. While members of Health & Hospital Corp. of Marion County, the county’s public health […]
Minnesota-based health system Allina Health has partnered with venture capital firm Flare Capital Partners to take its SNF-at-home and hospital-at-home programs to a national platform. Allina and Flare Capital Partners announced a $20 million fundraising round on Tuesday for its new standalone company Inbound Health, a platform that enables health systems and health plans to […]
TSOLife completed a $9 million Series A funding round for its AI-based business intelligence platform that translates and transcribes resident interviews and converts the information into consumable data. Data dashboards can be utilized by skilled nursing staff to look for actionable trends and insights. “TSO is the tip of the spear in gathering social insights […]
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