Five Star Senior Living (Nasdaq: FVE) is evaluating the future of some skilled nursing units at certain continuing care retirement communities (CCRCs), amid a decline in the product type’s occupancy and revenue. Occupancy at the the Newton, Massachusetts-based operator’s owned and leased senior living communities was 81.4% for the second quarter of 2018, a 170 […]
The top executive at a skilled nursing and assisted living facility in Martinsville, Va., is soon to be out of a job — and he’s the one who signed the pink slip. Blue Ridge Village CEO Chris Oswald cut his own position in an effort to reduce costs amid lower reimbursements and lengths of stay, which […]
Welltower Inc. (NYSE: HCN) is upbeat about one of its most troubled tenants, even though the road ahead looks bumpy. CEO Tom DeRosa spent a good portion of Thursday’s fourth-quarter earnings call talking up one of the real estate investment trust’s (REIT) largest post-acute operating partners, Kennett Square, Pa.-based Genesis HealthCare (NYSE: GEN). Welltower’s wholly-owned Genesis portfolio […]
Though some sizable skilled nursing operators are struggling with occupancy, the ones working with National Health Investors (NYSE: NHI) aren’t. In fact, the real estate investment trust (REIT) sees some opportunity to grow its skilled nursing investments if the assets and operators are a good fit, executives said in an earnings call Friday. The Murfreesboro, Tennessee-based […]
A regional senior care provider is looking to transform the traditional continuing care retirement community (CCRC) model by removing skilled nursing entirely — mirroring industry trends elsewhere. The Wilsonville, Ore.-based Avamere Family of Companies recently announced plans to open a “micro CCRC” in St. George, Utah. The development, which is part of the Sienna Hills master-planned […]
Construction: Planned Non-Profit’s Plan for $70 Million CCRC in N.H. Moves Forward A non-profit’s plan to build a new 222-unit continuing care retirement community (CCRC) in Durham, N.H., is steadily moving forward. RiverWoods Group is planning to build the CCRC on an 11-acre plot in the city, Foster’s Daily Democrat reported. As planned, the CCRC would […]
Better record-keeping could help skilled nursing facilities protect themselves from litigation or penalties as regulators looks to cut down on improper discharges. The Centers for Medicare and Medicaid Services (CMS) last month announced a new initiative aimed at blunting the growing trend of illegal “dumping,” or eviction, of SNF residents. Common reasons for discharges often include payment […]
Construction: Planned $123 Million Senior Living Tower Planned in Milwaukee St. John’s Communities is planning a 22-story community to replace its three-story, 74-unit nursing care and assisted living community in Milwaukee, according to the Milwaukee Journal Sentinel. The nursing care and assisted living units will be housed on the tower’s lower floors and inside of a connected four-story building. As […]
The free market alone might not be enough to boost skilled nursing facility (SNF) quality, according to a new National Bureau of Economic Research working paper. The paper, “Incentivizing Better Quality of Care: The Role of Medicaid and Competition in the Nursing Home Industry,” simulated the effects of policies in Pennsylvania that either raised regulated Medicaid […]
Construction: Complete New Jersey SNF Unveils $3.5 Million Upgrade Private equity firm Tryko Partners and its operating affiliate Marquis Health Services have completed a multi-million dollar renovation of the 215-bed Oakland Rehabilitation and Healthcare Center in Oakland, New Jersey (pictured above). The work includes a newly renovated 3,500-square foot gym that includes a smart car […]
Louisiana nursing homes are getting most of the state’s Medicaid dollars over home care providers, according to a recent story on Business Report. But that’s not for lack of demand for home care services. The state currently has a backlog of around 31,000 Medicaid applicants for home-based care. “Across the country, we have had this issue of an […]
The Centers for Medicare and Medicaid Services (CMS) has announced a new initiative aimed at blunting the growing trend of improper discharges at skilled nursing facilities (SNFs). Across the country, the illegal “dumping,” or eviction, of SNF residents has become a widespread issue—so much so that it’s now one of the most frequent complaints made to […]
Construction: Complete Pi Architects, McDonnell Construction and Senior Care Excellence have put the finishing touches on Medical Resort at Willowbrook, a skilled nursing and rehab facility in Houston. The SNF has 104 units, spans 59,000 square feet and provides post-acute nursing and rehab care, according to a press release. The facility is comprised of four small “houses,” each of […]
National occupancy rates and operating margins for skilled nursing facility (SNF) providers trended downward in 2016, according to a new report from health care financial consulting and accounting firm CliftonLarsonAllen — though certain areas of the country fared better than others. The report, which included data from more than 15,000 Medicare-certified SNFs across the U.S., provided […]
Construction: Announced Trilogy Plotting New Ohio SNF * Trilogy Health Services is mulling opening an $18 million, 115-unit skilled nursing, assisted living and independent living community in Gahanna, Ohio. The community, tentatively called Trilogy Village Center, would span up to 79,000 square feet and replace single-family homes, reported Columbus Business First. New York City Residents Vow […]
The families of 11 seniors who died after widespread outbreaks of Legionnaires’ disease at an Illinois home for veterans are suing the long-term care facility for negligence. Since July 2015, the disease has killed 13 residents and sickened at least 61 residents and workers at the Illinois Veterans Home in Quincy, Ill., according to a new […]
Pennsylvania has unveiled a new Medicaid feature designed to reduce the number of nursing home enrollees in years to come. Under the Community HealthChoices initiative, insurers will be paid to manage Medicaid’s long-term care services with a financial incentive meant to prioritize in-home care for enrollees. The state is rolling out the program in 14 southwestern counties […]
Construction: Planned St. Louis Senior Housing Expansions to Include More Skilled Nursing Friendship Village’s plans to spend $201 million on expansions at two St. Louis senior living communities could bring more skilled nursing care to the area. As outlined, the expansion would include a 90-bed skilled nursing facility (SNF) with a rehab clinic and gym in […]
The wildfires burning swaths of land across Southern California have prompted some skilled nursing facilities (SNFs) to move their residents and staffers out of harm’s way. High winds on Thursday fueled a massive fire that charred nearly 100,000 acres in Ventura County, according to the Los Angeles Times. As the blaze raged on, it blew […]
A Florida congresswoman is calling for more assistance from the Federal Emergency Management Agency (FEMA) to help prevent another scenario like the one that led to the deaths of 14 residents at a Florida nursing home that lost power in the aftermath of Hurricane Irma in September. Rep. Frederica S. Wilson, a Democrat, recently added new […]
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