From Institutional to Homelike: Inside Nursing Home Renovations That Impact Recruiting, Retention, Resident Wellbeing

Renovating nursing homes to uplift the resident experience can improve not only property value and overall quality of care, but also regulatory compliance. Staffing and retention are ever-present roadblocks at nursing facilities, and upgrading the overall atmosphere can actually help alleviate some of these roadblocks, with caregivers wanting to be in a building that’s easier […]

Ensign Breaks Into New Local Market in Arizona, Deepens Footprint in Colorado

The Ensign Group (Nasdaq: ENSG) has added two skilled nursing properties to its portfolio, bringing its overall portfolio to 312 skilled nursing facility operations, inclusive of 29 senior living operations, across 14 states. The latest acquisitions were 32-bed Wellsprings of Gilbert in Arizona, and 58-bed The Springs at St. Andrews Village in Aurora, Colorado. Ensign […]

CareTrust Expanding Footprint in Mid-Atlantic, Southeast in Latest Transactions Totaling $180M

CareTrust REIT (NYSE: CTRE) on Monday announced two strategic transactions totaling $180 million, five- and eight-facility skilled nursing portfolios both located across the Southeast and Mid-Atlantic. The larger transaction, which consists of 1,011 beds and 150 assisted living beds, was funded by a $90 million senior mortgage loan and $9 million preferred equity investment, the […]

Ensign Announces Slew of Skilled Nursing Acquisitions Ahead of Earnings Call

The Ensign Group (Nasdaq: ENSG) on Wednesday announced eight facility acquisitions across six states – Utah, Arizona, Tennessee, Texas, Kansas and Iowa. The additions bring Ensign’s growing portfolio to 310 healthcare operations across 14 states. Twenty-nine of these operations also include senior living operations. Real estate in Arizona, River park Post Acute and Elmwood Senior […]

NHI Execs: Deal Volume in Nursing Home Sector Hopeful Sign, REIT Poised for Capital Deployment

National Health Investors Inc. (NYSE: NHI), much like other real estate investment trusts (REITs), is looking at deals across the continuum of skilled nursing and senior housing and looking into different ways to invest, including through joint ventures, executives said. “We’re hopeful that we’re seeing the tip of the iceberg,” said NHI Chief Investment Officer […]

Skilled Nursing Garners Less Interest Among Investors Between 2022 and 2023

Investors appear to be less interested in the skilled nursing space, while other post-acute care settings like assisted living and independent living are increasingly sought after. Investors looking for SNF deals dropped drastically year-over-year in the last quarter of 2023, according to a seniors housing and care survey released by commercial real estate and investment […]

American Healthcare REIT Raises $672M in IPO, On Low End

American Healthcare REIT fell short of its targeted initial public offering (IPO) amount, raising $672 million. The Irvine, California-based real estate investment trust was aiming to raise up to $840 million. Shares were sold at the bottom of a marketed range, adding to a run of modest performances as more companies moved ahead with new […]

PwC: Cautious Optimism, Apprehension To Follow Nursing Home Dealmaking into 2024

Dealmaking in 2024 comes with cautious optimism and some apprehension from industry leaders in health care, including those in the nursing home space, as deal volume continues to be buffeted by macroeconomic headwinds.  In line with the skilled nursing space, overall health services deal volumes through Nov. 15 have declined 13% compared to 2022 levels, […]

Welltower’s Acquisition Pace Adds $2B to the Pot, With $600M Earmarked for Nursing Homes

Welltower Inc. (NYSE: WELL) continues to ramp up acquisitions to increase bottom line growth, including investment in skilled nursing facilities, with about $600 million earmarked for SNF deals in the upcoming financial quarters. The Ohio-based real estate investment trust (REIT) recently announced $2 billion in potential deals tied to the launch of an equity offering, […]

Nursing Home Construction Dwindles As Operators Downsize – But a Lack of Medicaid Beds is Most Concerning

As nursing home operators continue to decry staffing shortages as a contributor to access issues for residents, new construction of facilities to meet demand appear to be lagging as well. New construction has become especially difficult for operators trying to add Medicaid beds for low income residents, given notoriously low reimbursement rates – which are […]

The Future Nursing Home Is Community-Centric and Embraces AI, While Rejecting Institutional Living Spaces

As the nursing home space faces a crossroads, with the pandemic exposing many flaws in the long-term care system and exacerbating existing workforce and funding constraints, leaders are calling for a reimagined skilled nursing facility.  Notably, SNF executives are placing greater importance on community, along with customized, coordinated and person-centered care for more ideal – […]

Building an Edge: SNF Operators Innovate Through Establishing Specialty Services, Public-Private Partnerships

Against the backdrop of economic and staffing challenges still facing the nursing home sector, operators are seeking business innovations that are community-centered and that expand their health care offerings through unique public-private partnerships and financial arrangements. The innovations include transition into a nonprofit model, creative ways to use state and federal dollars, and addition of […]

Walker & Dunlop Arranges $30.9M SNF Refinance; North Shore Manor Proposes 5-Yr Reorganization Plan

North Shore Manor Inc. in Loveland, Colo. is awaiting approval for a proposed five-year repayment and reorganization Chap. 11 bankruptcy plan submitted to the U.S. Bankruptcy Court in Denver. Majority stakeholders of the 120-bed nursing home said they could repay the majority of obligations and shore up operations over five years, according to a report […]

Trilogy to ‘Reintegrate’ Ancillary Services Company Synchrony, Bufford Steps Back from CEO Role

Trilogy Health Services is bringing ancillary services provider Synchrony back in house, with Synchrony CEO and Trilogy Founder Randall Bufford stepping back from his leadership role. According to an announcement published Tuesday, Synchrony is joining Trilogy as a business unit rather than remaining a separate company subsidiary. Bufford is dropping his CEO role but will […]

Evolving Nursing Home Business Model Sees Rise of Third-Party Docs, Therapists, Back Office Staff

As rising acuity and reimbursement challenges stymy nursing home workforce growth, third party contracts have been increasingly responsible for providing daily services. Whether its providing resident-facing clinical work, including use of third party doctors, supplying medical equipment or rendering back office services that focus more on ensuring proper documentation for reimbursement, third parties are increasingly […]

SALMON COO Talks Grassroots Staffing Initiatives, His Shift from Police Academy, Start as a CNA

With an ever increasing aging population that is sicker with higher acuities, COO Shawn Neville of SALMON Health and Retirement says capturing an accurate financial picture is a challenge for nursing homes – and an additional reason why so many are closing down.  Neville was named to his current position at the family-owned and Massachusetts-based […]

564-Bed, 7 SNF Portfolio Sells in Texas to Regional Owner-Operator

Blueprint Healthcare Real Estate Advisors announced that it brokered the sale of a Texas-owned and operated portfolio of seven skilled nursing facilities with 564 beds to a seller in the Lone Star state, despite an “ever-changing and difficult capital market environment.” The SNF portfolio is geographically clustered in Central and East Texas and has an […]

SNF Provider Accolade Steps Up Staff Recruitment with ‘Rewarding’ Video Campaign

Accolade Healthcare, a skilled nursing provider based in Illinois, launched a video campaign to help with recruitment, which has been running for over a year and has made a positive workforce impact — and awards for the organization.  Launched in 2017 Accolade Healthcare provides care in six skilled nursing facilities across central Illinois, where its […]