“Wild” and “crazy” are adjectives that describe aspects of the skilled nursing business at the moment, according to Health Dimensions Group (HDG) CEO Erin Shvetzoff Hennessey. Labor is “just wild,” she told Skilled Nursing News during an interview at the recent National Investment Center for Seniors Housing & Care (NIC) conference in Washington, D.C. And […]
Anthony Laflen, Sr. Director, Industry Market Leader at PointClickCare, has been a leader in the expansion of value-based care for more than a decade, and he offers an innovative perspective on the growing role of data in this transition. In this Value-Based Care Series interview, Laflen provides what he believes to be the best approach […]
In his role as Chief Medical Officer of PointClickCare, Dr. Ben Zaniello has insight into the impact of value-based care, from the challenges of frontline care workers to the payment models that drive healthcare as a business. In this Value-Based Care Series interview, Zaniello discusses the challenges and opportunities value-based care has created at every […]
Michael Bailey is president and CEO of American Health Partners. The company provides residential long-term and rehab care through American Health Communities, as well as health plans designed for nursing home residents through American Health Plans. Through the Value-Based Care Series, Bailey shares key elements of the American Health Plans model, including the TruHealth approach […]
Dwyer Workforce Development (DWD) on Wednesday announced the $590 million acquisition of a 50-property skilled nursing facility portfolio managed by Regency Integrated Health Services. Capital Funding Group is joined by banks and a publicly traded real estate investment trust (REIT) in financing the acquisition of the Regency properties, Jack Dwyer told Skilled Nursing News. Dwyer, […]
The removal of a key section from the Minimum Data Set (MDS) will have massive repercussions, particularly for the future of nursing home reimbursements by states. The Centers for Medicare & Medicaid Services (CMS) last week released a draft version of the nursing home comprehensive item set version 1.18.11. Among the changes in this item […]
Jill Sumner is vice president of population health management at the American Health Care Association/National Center for Assisted Living (AHCA/NCAL). To this role, she brings more than 20 years of experience, including on the payer side. Having built and operated Medicare Advantage Special Needs Plans and one of the first Medicare-Medicaid products in the United […]
Even in skilled nursing facilities (SNFs) without active Covid-19 outbreaks, the pandemic exacted a toll on residents in the form of increased weight loss and depressive symptoms. These facts likely will not come as a surprise to SNF operators who have observed changes in their residents, but there is now data confirming these trends, thanks […]
As Senior Director of Government Affairs for PointClickCare, Steve Holt is intimately familiar with the dynamic health care payment landscape — both in terms of models of the past and models of the future. In this Value-Based Care Series interview, Holt describes some of the critical opportunities skilled nursing providers have when it comes to […]
Hudson Realty Capital anticipates that a new bridge lending platform will deploy $300M to $400M in loans to senior living and skilled nursing communities within 18 to 24 months. The platform has been in the works for “quite some time” and follows Hudson Realty Capital’s first senior housing transaction last fall, Managing Director Justin Elshire […]
The Centers for Medicare & Medicaid Services (CMS) on Wednesday released groundbreaking new data on nursing home ownership that administrator Chiquita Brooks-LaSure hopes will bring more transparency to health care and inform policy decisions moving forward. “One of the things that we are particularly focused on is the turnover, not just at the staffing level, […]
With contributions from Alex Zorn and Jordyn Reiland Despite the challenges of the past two years, Blueprint Healthcare Real Estate Advisors managed to expand and diversify. Now the firm has reorganized its leadership ranks, admitted new partners and is eager to grow the practice as the senior housing and care industries move forward. That growth […]
Almost one year ago exactly, Brian Beckwith ended his tenure as CEO of Formation Capital and began to consider his next moves. Sheryl Marcet was also considering her future. At the time, Marcet was a managing director at Formation, and she had first worked with Beckwith when they were both at GE Capital. Beckwith and […]
Welltower (NYSE: WELL) is planning for more U.K. growth amid a historic period of investment activity for the real estate investment trust. Reuben Brothers, a real estate company based in the United Kingdom is investing in an ownership stake in U.K. operator Avery Healthcare, one of Welltower’s largest operating partners. The terms of the deal […]
Colony Capital (NYSE: CLNY) intends to sell its wellness infrastructure portfolio in 2021, CEO Mark Ganzi confirmed Thursday. The real estate in the portfolio is valued at $3.3 billion and includes 118 senior housing properties and 83 skilled nursing facilities, in addition to medical office and hospital assets. In March 2021, Bloomerg reported that Fortress […]
Persistent skilled nursing headwinds played a role in the decision for Five Star Senior Living (Nasdaq: FVE) to close and repurpose all the health care units in its continuing care retirement communities (CCRCs). “Over the past several years, we have strategically reduced our exposure to skilled nursing, a line of business that has been subject […]
Formation Capital has a new CEO and is embarking on an investment strategy focused on creating new models of senior living and services. Atlanta-based Formation has been a prolific investor in the senior housing and care sector since its founding in 1999. As of last year, when long-time CEO Brian Beckwith departed, the firm was […]
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 […]
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 […]
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 […]
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