Nursing Homes Understating Profits To Get Higher Reimbursement Rates Is Impacting Staffing

The practice of nursing home owners understating their profits to federal regulators by shifting income to related businesses may be more widespread than initially thought, and it’s affecting staffing. In his recent article for Forbes, Howard Gleckman, a senior fellow at The Urban Institute, analyzes a new study on the practice of money being diverted […]

Kandu/Bloom Exits Skilled Nursing with $71M Deal, Cites Long-Running Strategy Rather Than Sector Headwinds

Kandu Capital and Bloom Senior Living’s decision to sell the last remaining assets in skilled nursing and psychiatric care was a continuation of a long process to increase the group’s portfolio of senior housing rather than any macro factors related to the skilled nursing space. “Were they a sale arising out of anything with any […]

Bottom Line: How One CFO’s Retail, Hospitality Background Led to Skilled Nursing Turnaround Success

Robert Specht had spent years at the financial helm of companies in a variety of spaces, but he was a post-acute and long-term care newcomer when he accepted a crash course in the business: a consulting position for a 33-building senior housing and care chain in receivership. Working with Health Dimensions Group, the provider and […]