CIBC Bank USA provided a $67 million term loan to finance the acquisition of five skilled nursing facilities and refinance 21 skilled nursing and assisted living facilities in Wisconsin. Meanwhile, a skilled nursing portfolio of 29 facilities in the Southeast received $22 million in funding from MONTICELLOAM. CIBC Bank USA provided a $67 million for […]
The Centers for Medicare and Medicaid Services (CMS) proposed a 4.33% increase in payments to Medicare Advantage plans for 2026, which could have an overall positive trickle-down effect on nursing homes. Expected to be finalized under President-elect Donald Trump’s administration, this slight payment boost comes after MA providers faced a modest rate reduction for 2025. […]
The Centers for Medicare and Medicaid Services (CMS) plans to offer up to $20 million to boost the registered nurse (RN) workforce in nursing homes, but this, along with the agency’s Nursing Home Staffing Campaign, misses the mark on many levels, according to operators. This funding grants nursing students seeking to become RNs up to […]
Average occupancy for the nursing home sector grew slightly to 80.5% towards year-end, posting a 10-basis-point increase month over month. Over the course of last year, occupancy levels showed a recovery back to pre-pandemic levels. Moreover, according to Stephens Inc.’s latest figures updated through Dec. 1 and released Wednesday, average occupancy for two large sector […]
Nursing home care spending grew by 8.9% year over year, largely driven by demand – not price increases for skilled services – with the sector also showing job gains, according to the latest data on health care spending. Two-thirds, or 5.9%, of this bump in spending for nursing home care was due to increased utilization […]
As the dust finally began to settle in 2024 from the operational storm unleashed by the COVID-19 pandemic, nursing home operators found themselves in a good position to turn to an issue that had not been so much ignored as largely postponed in the wake of the lasting damage. Closures along with mergers and acquisitions […]
Connecticut-based iCare Health Network announced Phil Sterling as its new CEO on Friday, replacing Chris Wright. Wright was iCare’s president and CEO for nearly 25 years. Wright, who has served as the American Health Care Association’s (AHCA) vice-chair since 2023, will continue as chairman of iCare’s board. Among other board service, Wright served as president […]
Despite the sector continuing to grapple with staffing shortages, rising operational costs, and regulatory uncertainty, emerging trends have skilled nursing leaders gearing up for a positive 2025, with fewer challenges and more opportunities on the horizon. As we look ahead, several key trends are expected to shape the sector from regulatory shifts to financial turbulence, […]
Welltower Inc. (NYSE: WELL) announced several executive promotions on Thursday, appointing Nikhil Chaudhri and Tim McHugh as the company’s co-presidents. In addition to their roles as joint presidents, Chaudhri will also serve as chief investment officer (CIO), after having overseen $11 billion in global investments over the years, while McHugh will also continue his role […]
The Centers for Medicare and Medicaid Services (CMS) issued a memo to surveyors on Tuesday stating that the expanded reporting requirements for acute respiratory illnesses, which the agency discussed at length during early December’s open door forum, should be incorporated into the survey process. The new requirements related to acute respiratory illnesses for nursing homes […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of skilled nursing, senior housing, home health and hospice care. David Young, managing director for health care finance at Greystone, has been named a 2024 Future Leader […]
Michael Bassett was announced as the head of government relations for the American Health Care Association and National Center for Assisted Living (AHCA/NCAL) on Monday, replacing Clifton J. Porter, who became the association’s president and CEO earlier this year. Porter lauded Bassett’s proven track record of securing wins on Capitol Hill. “Michael [is] not only […]
It’s no surprise that the Biden administration’s minimum staffing mandate was the source of Skilled Nursing News’ most-read story of 2024. From the proposal stage to its final form, our stories on the staffing mandate covered all aspects of its requirements as well as the legal and legislative challenges against it. Our stories about the […]
Tim Lehner steps in as Signature HealthCARE’s new chief operating officer (COO), effective Jan. 1, the Kentucky-based nursing home company announced Thursday. Lehner, a veteran leader in the long-term care sector, most recently served as Consulate Health Care’s CEO, a role he took on this year. At Consulate, Lehner oversaw initiatives in technology integration and […]
Heading into 2025, EF Senior Care continues to seek opportunities for expansion after acquiring nursing homes in the last two years, signaling a positive trend for smaller-sized outfits in the sector, especially those looking to leverage their consulting experience. The Massachusetts-based provider, which started out solely as a consulting firm before purchasing two skilled nursing […]
Capital Funding Group (CFG) closed on a $132.24 million bridge loan to support refinancing of four skilled nursing facilities in Virginia, while MonticelloAM closed $87 million in financing for a Florida-based SNF portfolio. CFG Closes $132.24M in refinancing for 4 SNFs Capital Funding Group (CFG) announced the closing of a $132.24 million bridge loan, on […]
In the litigation against the federal nursing home staffing mandate, in which state attorneys general from 20 states are seeking a temporary halt, a federal judge heard oral arguments from both the government and the states on Thursday. The U.S. Department of Justice (DOJ) urged the federal judge to deny the injunctive relief requested by […]
Sufficient reimbursement, less regulation and adequate staffing are all attractive features for dealmaking, impacting operator decisions on which states and regions offer the path of least resistance when it comes to expanding their footprint. It may boil down to price per bed and the ease of the change of ownership (CHOW) process when determining desirability […]
A vast majority of nonprofit and government-owned nursing homes across the U.S. complied with federal infection prevention training requirements, according to the results of an audit conducted by the Office of Inspector General (OIG), released Tuesday. Those that failed to comply cited staffing challenges. The OIG’s audit, conducted between April 2024 through October 2024, examined […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. Austin Steele, chief strategy officer at Journey, has been named a 2024 Future Leader by Skilled Nursing […]
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