Formation Capital CEO Exits Firm After Almost 10 Years On the Job

Brian Beckwith, who has served as CEO of the Atlanta-based private equity firm Formation Capital for almost a decade, is departing the firm. Formation specializes in senior housing and care investments and has sponsored about $2 billion of equity across senior living, skilled nursing and other post-acute services since it was founded in 1999. The […]

Welltower Acquires QCP for $1.95B, Health System to Take Over ManorCare

The fates of skilled nursing giant HCR ManorCare and its former landlord, Quality Care Properties (NYSE: QCP), have been determined. Welltower Inc. (NYSE: WELL), one of the largest U.S. health care real estate investment trusts (REITs), has reached an agreement to acquire QCP in a $1.95 billion all-cash deal. Going forward, Welltower will own the […]

Signature Explores Home Health Expansion Amid Skilled Nursing Troubles

After a pointed entrance into the home health care market in 2014, Signature HealthCARE has largely shied away from expansion in favor of focusing on its core skilled nursing business. But while its home health footprint has not yet grown, the Louisville, Ky.-based company still has an eye toward expansion in the space — once it works […]

Mainstreet Calls Off Post-Acute Projects, Lays Off 70 in Arizona

The distressed skilled nursing industry appears to need fresh approaches to operations and real estate, but bringing new types of properties to market is far from easy. Mainstreet, one of the largest developers of post-acute facilities in the nation, is the latest example, as the company is scaling back the rollout of its new Rapid […]

Welltower CEO Describes ‘New-Age SNF’ Concept

The skilled nursing industry will emerge from its current period of duress and be reinvented in the coming years, according to Tom DeRosa, CEO of real estate investment trust (REIT) Welltower Inc. (NYSE: WELL). This belief is one reason why Toledo, Ohio-based Welltower is maintaining a foothold in skilled nursing, with about 10% of the […]

Two Visions of the 21st Century Skilled Nursing Facility

The skilled nursing world is in upheaval, but too many providers are complacently running the skilled nursing facility of yesterday rather than creating a successful model for the future. That’s according to Anne Tumlinson, founder of consultancy Anne Tumlinson Innovations and a nationally recognized authority on post-acute and senior care. She previously led Medicaid oversight […]

Quality Care Properties to Take Over HCR ManorCare

Quality Care Properties (NYSE: QCP) has reached an agreement to take over full equity ownership of its tenant, skilled nursing provider HCR ManorCare. As a result of the transaction, QCP expects to lose its status as a real estate investment trust (REIT), the company announced this morning. The transaction follows a long period of financial […]

Provider Battles for Skilled Nursing Innovations in New High-Rise

With skilled nursing besieged from all sides, there is a pressing need for fresh designs and improved services. Recognizing this, a non-profit provider in Wisconsin has gone to great lengths to bring an innovative offering to the Milwaukee market, highlighting that it’s possible — but often difficult — to push the envelope in skilled nursing. Less than a decade […]

Industry Insider Leads ‘Best Workplaces in Aging Services’ Project

When Fortune magazine publishes the inaugural “Best Workplaces in Aging Services” list in September 2018, it could provide a much-needed boost to skilled nursing providers facing a workforce crisis. That’s certainly the hope of Jacquelyn Kung, a senior care industry insider who is spearheading the effort to compile the new list. It will be a […]

New Data and Operational Models Drive SNF-Hospital Partnerships

For years, skilled nursing providers have been jockeying to participate in narrowing health care networks, as hospitals and other referral sources have raised the bar on what they need from post-acute partners. In this competitive environment, some of the nation’s largest SNF providers continue to up their game. A case in point can be found […]

Up-and-Coming Genesis Administrator Optimistic About SNF Workforce

With a staffing crisis looming over the senior care sector, industry surveys and news reports routinely trumpet the steep challenges in skilled nursing facility recruitment and retention. Success stories are harder to come by, but they are out there, providing examples of how SNFs can successfully attract top talent and develop the next generation of […]

Therapy Cap Repeal Could Be Pushed Back to 2018

Congress has a packed agenda, which means a long-awaited repeal of Medicare’s therapy caps might not happen until 2018. The repeal likely will bring related reductions in skilled nursing facility payments. Comprehensive tax reform legislation—now in conference committee—is a pressing priority for federal lawmakers at the moment, as is the need for a budget deal […]

Green House Founder Bill Thomas Unveils MAGIC Concept

Dr. Bill Thomas is already well known for creating the Green House model of care as an alternative to institutional skilled nursing settings. Now, he is introducing a new concept for senior housing and care, which he has dubbed MAGIC. The acronym stands for multi-ability/multi-generational inclusive communities. The first MAGIC development is in the works, […]

Lawsuits Drive 33 Preferred Care SNFs to Seek Bankruptcy Protection

Facing a slew of lawsuits, 33 skilled nursing facilities affiliated with one of the largest SNF operating companies in the nation have filed for Chapter 11 bankruptcy protection. Twelve of the SNFs are located in New Mexico and 21 are in Kentucky. They are all affiliated with Plano, Texas-based Preferred Care Partners Management Group, which […]

How SNFs Can Ace the Nurse Hiring Process

Skilled nursing providers are facing a workforce crisis, with facilities fiercely competing to attract top nursing talent. In fact, among wide-ranging labor challenges, attracting frontline nursing and aide workers is a particular pain point, according to survey findings released earlier this year from provider association LeadingAge. LeadingAge Kimberly Nolet, a research program manager at the […]

Sabra Cuts Genesis Rent by $19 Million in Exodus Plan

Sabra Health Care REIT (Nasdaq: SBRA) has released details of a previously announced restructuring of its Genesis HealthCare (NYSE: GEN) portfolio, with the goal of making the skilled nursing and post-acute properties more marketable to potential buyers. Kennett Square, Pennsylvania-based Genesis, the largest skilled nursing provider in the nation, has been beset by problems during […]

Welltower Working on Deal to Improve Genesis’ Capital Structure

A deal is being hammered out between skilled nursing giant Genesis HealthCare (NYSE: GEN) and its landlord Welltower Inc. (NYSE: HCN), which is meant to improve Genesis’ capital structure. Welltower, a Toledo, Ohio-based real estate investment trust (REIT), announced the likely transaction in conjunction with releasing its third-quarter 2017 earnings results Tuesday, though details were […]

New CEO Focused on LCS’ Evolving Post-Acute Strategy

A new CEO is set to take the helm at one of the nation’s largest senior living and skilled nursing organizations, and honing the company’s post-acute strategy is among his top priorities. As of Jan. 1, 2018, Joel Nelson will become the CEO of Des Moines, Iowa-based LCS, after Ed Kenny’s 11-year tenure in the […]

Skilled Nursing Provider Creates a Buzz with Cannabis Program

The Hebrew Home at Riverdale has a reputation for being a progressive skilled nursing facility, thanks to its stance and policies regarding sexual expression. Now, it’s taking a lead role on another controversial topic: medical marijuana. A non-profit organization, the Hebrew Home is part of the RiverSpring Health campus, which includes a variety of senior […]

SNF Compliance Tips for Care Plan, Pharmacy, Smoking Requirements

Skilled nursing providers across the country continue to work hard as Nov. 28 approaches. That’s when the second phase of the new SNF Medicare and Medicaid requirements of participation take effect. The so-called “mega rule” is being implemented in three phases, and this second phase brings a host of new requirements. Here are a few […]