CFG facilitated $53 million in financing for various long-term care assets, including three skilled nursing facilities (SNFs) in the South. Meanwhile, ESI brokered sale of 160-bed SNF in North Carolina at a record price. 3 SNFs sold in South Carolina and Georgia Capital Funding Group (CFG) financed more than $53 million across four transactions from […]
American Healthcare REIT’s (NYSE: AHR) diversified portfolio helped sustain growth despite a typical seasonal slowdown in the first quarter, with a strong performance from Trilogy’s skilled nursing amid occupancy gains and disciplined expense control, executives said Friday. “It is our long-term view that the senior housing industry is benefiting, and should continue to benefit from […]
Sabra Health Care REIT (Nasdaq: SBRA) is currently less focused on acquiring skilled nursing assets and is satisfied with its existing asset mix, which includes senior housing. The company is also steering clear of large portfolio deals, CEO Rick Matros said Tuesday. “[We’ve been] able to have a better balance in our portfolio between senior […]
Nursing home assets for National Healthcare Investors (NYSE: NHI) are stable, with coverage increasing during the first quarter, and executives suggesting Tuesday that its skilled nursing portfolio was largely insulated from potential Medicaid cuts. NHI’s geographic exposure was one factor protecting it against any reductions to federal funding. Much of the company’s skilled nursing facility […]
A class action lawsuit filed by nursing home residents against the Maryland Department of Health (MDH) is advancing, with plaintiffs alleging that the state’s failure to carry out required and timely inspections of nursing homes has resulted in substandard care. Meanwhile, delays in nursing home inspections have grave financial and legal repercussions for facilities as […]
The Ensign Group acquired the real estate and operations of a 117-bed skilled nursing facility in Washington from Providence Home and Community Care. Meanwhile, CIBC Bank closed a $32 million cash-out commercial mortgage refinance related to two skilled nursing facilities located in Kentucky and Tennessee. Ensign acquires Washington SNF The Ensign Group (Nasdaq: ENSG) acquired […]
In a bid to maintain operational strength for years to come, CareTrust REIT Inc. (CTRE) made some bold moves during the first quarter, including a $856 million strategic acquisition of U.K.-based Care REIT. CEO and President Dave Sedgwick cited the deal as an example of his company’s desire to seize a window of opportunity to […]
The Ensign Group (Nasdaq: ENSG) closed a strong first quarter, marked by wage and labor stability, as the company looks ahead to a steady pace of investments. “We are thrilled to announce another record setting quarter achieved by our local teams. In spite of all the industry noise,” CEO Barry Port said during the company’s […]
While the demand for nursing home MDS coordinators has always been higher than their availability, some organizations are beginning to see fruits from concerted efforts to stabilize this specialized role. MDS coordinators ensure accuracy of minimum data set (MDS), which in turn is evaluated by surveyors. With brand new survey changes going into effect Monday […]
Guardian Healthcare-owned portfolio of three nursing homes in Pennsylvania and West Virginia sold for $45 million. Meanwhile, two nursing homes and one assisted living facility in California received $53.4 million in refinancing through a bridge-to-HUD loan. 3-SNF portfolio sold Senior Living Investment Brokerage (SLIB) facilitated the $45 million sale of the Guardian Healthcare-owned portfolio of […]
Across several states, initiatives are underway to increase wages and improve benefits for nursing home workers. In Minnesota, new nursing assistants will now earn $22.56 per hour by 2026, aligning pay standards across the state with the state average. Moreover, Minnesota’s Nursing Home Workforce Standards Board approved new wage rules by setting a $24 per […]
Private equity ownership in the nursing home sector, currently estimated at between 5% and 13%, may be higher and growing – a development that raises consumer concerns about resident harm and quality of care, especially in light of several high-profile bankruptcies in recent years involving PE-owned facilities. PE-driven bankruptcies have impacted residents, workers, and the […]
Blueprint facilitated the sale of Project United, a clustered portfolio made up of five skilled nursing facilities and two assisted living communities in the greater Cleveland, Ohio area. Meanwhile, Berkadia arranged a $15 million HUD loan for a California-based client, including for new additions to a 99-bed SNF in Washington. Seven-asset portfolio with 5 SNFs […]
Nursing homes are under increasing pressure to transform their businesses and care models to cater to patients with higher acuity, shorter stays, and tighter budgets. The challenge isn’t just recruitment of staff with the right skill set, but also building an infrastructure that supports ongoing staff development. And this, in turn, calls for greater investment […]
The Centers for Medicare and Medicaid Services (CMS) is once again delaying the deadline to file revalidation paperwork, moving it from May 1 to August 1. It’s a welcome relief for operators given that a vast majority of nursing homes haven’t completed the burdensome paperwork. Martin Allen, senior vice president of reimbursement policy at the […]
An analysis of payor mix across 16,600 U.S. skilled nursing facilities (SNFs) shows that almost 60% of patient days at nursing homes on average were covered by Medicaid, compared to only 10% at hospitals. According to Definitive Healthcare’s data review of SNF payor mix by total patient days, on average, Medicaid accounts for 59.1%, with […]
The Trump Administration is preparing a plan to eliminate federal regulations swiftly and permanently, which could include removal of the nursing home staffing mandate. According to the New York Times, officials at several federal agencies are being instructed to bypass the traditional repeal process, one that often takes years. President Donald Trump has requested officials […]
A strong overall outlook for skilled nursing is behind the rising appeal for asset-based lending in the nursing home sector, but distressed properties remain common in an environment with harsher and higher material citations and fines, according to risk assessment experts. After evaluating the quality of operator books, records, and management, advisors from health care […]
The Centers for Medicare and Medicaid Services (CMS) released a proposed rule on Friday outlining Medicare payment policy and rate updates for skilled nursing facilities under the Skilled Nursing Facility (SNF) Prospective Payment System (PPS) for fiscal year 2026, as part of its annual update requirements. For fiscal 2026, CMS plans to increase SNF PPS […]
Joseph Schwartz, former head of Skyline Healthcare, was convicted and sentenced to three years in federal prison, followed by three years of supervised release, for his role in a multi-million-dollar tax scam. According to court documents filed in the U.S. District Court in the District of New Jersey on Friday, Schwartz was convicted on “willful […]
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