An alarming number of residents in nursing homes for veterans are susceptible to acquiring a superbug after admission, with over one-third already carrying these drug-resistant pathogens into the facilities and spreading them through routine activities, according to a new study. The findings have important implications for nursing homes in general. The study conducted by the […]
Superior Living Foundation completed a $250.2 million acquisition of 14 skilled nursing facilities in eastern Texas. Meanwhile, a vacant assisted living and skilled nursing facility was sold in Waco, Texas. Superior Living Acquires 14 SNFs in Texas for $250.2M Superior Living Foundation, a Maryland-based nonprofit, completed a $250.2 million acquisition of 14 skilled nursing facilities […]
The nation’s largest labor representative of nursing home caregivers filed a brief opposing the lawsuit against the federal staffing mandate for nursing homes, arguing that the new requirements will help address the national shortage of staff at facilities. The Service Employees International Union (SEIU) represents over 150,000 nursing home workers in 23 states. Last year, […]
It’s been over a year since nursing homes began implementing – and enduring pain points – in the transition from Section G to GG in the Minimum Data Set (MDS), but efforts to address the initial troubles seem to be paying off. The challenges of incorporating the changes to MDS came with higher administrative burdens […]
The economic and operational climate continues to favor big players and industry consolidation this year. As a result, top providers to watch in 2025 are those chains planning to tap into scale for efficiencies, as well as those leveraging technology and value-based care to thrive. It’s worth noting that operational pressures, including a shortage of […]
Dr. Mehmet Oz vowed to reduce the bureaucratic footprint of the Centers for Medicare & Medicaid Services (CMS) if confirmed to lead the federal agency. He also acknowledged problems with Medicare Advantage plans and criticized the preauthorization process and overbilling by insurers. During his appearance before the Senate Committee on Finance Friday, Oz seemed to […]
SNF-at-home programs are gaining traction as a viable solution to address the shortage of nursing home and rehabilitation facility beds, with the goal of reducing bottlenecks at hospitals. Indications of success of SNF-at-home programs – although mostly anecdotal at this moment – are evident from two simultaneous studies at UMass Chan Medical School and Mass […]
Kent Rodgers is retiring as President and CEO of CarDon & Associates, a role he has held since 2021, effective April 6. CarDon’s new CEO will be announced in early April, a company spokesperson told Skilled Nursing News. “I’m grateful to leave CarDon on a high note,” Rodgers said in a press release. “It’s been […]
During a House subcommittee hearing on post-acute care held on Tuesday, Medicare Advantage plans were the target of bipartisan criticism as lawmakers sought solutions to curb the declining access to and affordability of nursing home care, as well as other long-term care, amid staffing shortfalls and proposed Medicaid cuts. Improper denials and delays by Medicare […]
CareTrust REIT (NYSE: CTRE) announced Tuesday that it has reached an agreement with the board of directors of Care REIT on the terms of a recommended cash offer to be made for the acquisition of Care REIT by CR United Bidco Ltd, a wholly-owned subsidiary of CareTrust. CareTrust is acquiring Care REIT for $1.39 per […]
As president and CEO of Saint Therese Senior Living for the last two years, Craig Abbott has been on a mission to change the idea of wellbeing by strengthening his organization’s workforce and making an urgent case for long-term care and accessibility to nursing homes as a community issue. “We set out a 10-year vision […]
This past year was epic for dealmaking in the long-term care sector, as average prices for skilled nursing beds fell year over year. In 2024, a lot of distressed properties – especially in the senior housing sector – were up for sale as well. Overall, transaction volume reached a pinnacle with 708 publicly announced transactions […]
Aubrey B. Preston will serve as the sole conservator for his father, Life Care Centers of America CEO and founder Forrest Preston, following a swift court decision Tuesday morning. The trial in Bradley County Chancery Court was a short hearing, lasting about 30 minutes, according to sources present. And following statements from attorneys of various […]
Ahead of this week’s hearing to allow Aubrey B. Preston to serve as a permanent conservator for his father – Life Care Centers of America’s CEO and founder Forrest Preston – the younger Preston stated that his father’s cognitive state is not conducive to running the nursing home giant. The neurological reports, currently under seal, […]
American Healthcare REIT (NYSE: AHR) executives highlighted the strong performance of its Trilogy assets, praising Trilogy’s model for its diversity and flexibility in adjusting to changing market conditions, including possible cuts to Medicaid, and reimbursement for skilled nursing services. Additionally, the executives said that if the proposed Medicaid cuts were to be enacted, Trilogy would […]
Eduro Healthcare expanded its footprint in Texas with an acquisition of two skilled nursing facilities (SNFs), while Capital Funding Group (CFG) closed $93.8 million in bridge-to-HUD financing for 9 facilities in Utah. Eduro adds 2 SNFs in Texas Eduro Healthcare announced the acquisition of two skilled nursing facilities in the Dallas-Fort Worth and San Antonio […]
As Congress moves forward with a Republican budget resolution, Medicaid may be on the chopping block, with state governments expected to bear the cost. Nursing home leaders are warning that the cuts, if enacted, could hit the sector hard. On Tuesday night, the House narrowly passed a budget resolution, 217-215, losing only one Republican vote. […]
Executives for National Healthcare Investors (NYSE: NHI) shared optimism about the financial performance of its skilled nursing holdings and plans to expand that part of the portfolio. However, they deemed the nursing home assets too expensive at the moment, with few opportunities at reasonable pricing that meet the real estate investment trust’s (REIT) underwriting criteria. […]
As chief operating officer of The Evangelical Lutheran Good Samaritan Society, the largest not-for-profit provider of nursing homes and senior housing, Aimee Middleton understands that staffing will remain the top operational challenge in 2025, and while conquering labor problems will be no easy task, some solutions are already paying off. Middleton sat down with Skilled […]
A deadly Listeria bacteria found in frozen shakes served at nursing homes and hospitals is behind 12 deaths and 38 illnesses across 21 states, the Food and Drug Administration (FDA) said Monday. “The FDA and CDC, in collaboration with state and local partners, are investigating illnesses in a multistate outbreak of Listeria monocytogenes infections,” the […]
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