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 […]

Greystone Monticello Quickly Closes $200M in Financing for SNF Portfolio Even As Borrowers Face Multiple Headwinds

Greystone Monticello on Monday announced the swift closing of $201.3 million in capital financing for a portfolio of New Jersey SNFs. The majority of financing – $191.3 million of it – was for a health care bridge loan, while $10 million was for a working capital facility on behalf of Peace Capital. Greystone, a private […]

Trilogy Adds First New State in 17 Years with ‘Big Undertaking’ in Wisconsin

Trilogy Health Services today announced plans to expand into Wisconsin starting with two facilities, bringing its roster of campuses to nearly 130 across five states. The newly acquired properties – Sun Prairie Senior Living and Waunakee Valley Senior Living – both offer post-acute health care services. Both also offer assisted living, and Waunakee has an […]

Cascadia Execs: Skilled Nursing’s Future Demands Better Operating Models, Not ‘1989’ Mindset

Last week, Cascadia Healthcare officially took over management of three facilities formerly operated by the Evangelical Lutheran Good Samaritan Society, with the remaining six buildings in the transitioning portfolio scheduled to follow suit in April and May. The transition process is going smoothly, with each building presenting a “microcosm of opportunity,” Cascadia President and CEO […]

‘A Dream’: Strawberry Fields REIT Outgrows OTC to Begin Trading on NYSE

Real estate investment trust Strawberry Fields announced late Thursday that it would start trading on the New York Stock Exchange (NYSE) starting on Feb. 22 under the symbol STRW. The REIT has been trading on the over-the-counter marketplace (OTCQX) since September of last year. For Strawberry Fields CEO Moishe Gubin, the plan was always to […]

Vivage, Beecan Merge to Create Network of 42 Skilled Nursing Facilities in Colorado

Colorado-based Vivage Senior Living announced its merger with Beecan Health Colorado, bringing together 42 skilled nursing communities under one integrated network of care. That’s nearly 3,600 combined licensed beds across the state of Colorado, Vivage said in a statement. The companies chose to merge their Colorado footprint in order to reach more people in need […]

Ensign Adds 17 Skilled Nursing Communities as Sabra Deal Closes 

The Ensign Group (Nasdaq: ENSG) on Wednesday announced that the company is assuming operations of 17 skilled nursing communities in California, as part of a previously announced deal with Sabra Health Care REIT (Nasdaq: SBRA). That deal involves 20 communities total, which previously were operated by North American Health Care. The properties located in Ensign’s […]

AHCA CEO: New Initiative Will Help Nursing Homes Facing ‘Unique’ Staffing Crisis

As skilled nursing industry leaders push for new initiatives and launch resources to address the crushing labor shortage, Phil Fogg, president and CEO of Oregon-based Marquis Companies, said his company has had difficulty fulfilling the largest number of job openings it has ever experienced in 33 years of business. Marquis is hardly alone in confronting […]

Federal Spending Bill Calls for Long-Term Care Strategy for Vets, Telehealth Extensions

Among other spending allocations, Congress released an omnibus bill with provisions related to nursing homes and long-term care. The spending package calls for a “strategy for long-term care for aging veterans” and a study on the costs of serious mental illness, including in skilled nursing and long-term care facilities. The bill, which Congress is expected […]

North American CEO: After Sabra Deal, We Are Leveraging Employee Ownership, Pursuing Innovation

In the wake of the pandemic, nursing home operators have needed to continually assess and shift their strategies as the industry contends with workforce shortages and regulatory headwinds. North American Health Services is one such provider, and is now moving forward with a smaller portfolio and intentions to build up its workforce, leveraging the fact […]

Bucking the Trend: How Some Skilled Nursing Operators Expanded in 2022

While many nursing home operators saw a reduction in skilled nursing beds this year – especially not-for-profit organizations in rural areas – some operators were able to buck the trend and continue to grow in the space. Specifically, larger operators with resources to respond to market trends continued to see growth despite staffing challenges and […]

Inside the Trends Driving Skilled Nursing Bed Reductions in 2022 and Beyond

While many owners in the skilled nursing space saw a reduction in beds this year, the biggest losers were overwhelmingly government entities and not-for-profit organizations, while for-profit entities have lost far fewer beds. In terms of bed reduction by location, rural markets largely took the hit, according to Lisa McCracken, director of senior living research […]

CareTrust Names Callister New Chief Investment Officer as Lamb to Step Down

CareTrust REIT (NYSE: CTRE) on Monday announced a change in leadership with James Callister stepping into the role as chief investment officer at the end of the year. Current Chief Investment Officer Mark Lamb is stepping down to pursue entrepreneurial opportunities, the company shared in its news release. Callister, who currently serves as executive vice […]

Why HUD Financing Has Potential to Propel the Nursing Home Industry Forward

Loans and other types of financing through the Department of Housing and Urban Development (HUD) may be key to incentivizing operators to seek innovation, such as scaling the small home model in a meaningful way – but the program isn’t quite at that point yet. The National Academy of Sciences, Engineering, and Medicine (NASEM) report […]

VIUM Lands $136M For 17 SNF Portfolio; Blueprint Inks 5 Deals in 5 States 

VIUM Capital announced that it closed on a $136,784,000 bridge loan in October that will be used to acquire the real estate of 17 Indiana-based skilled nursing facilities. The deal marked one of VIUM’s largest single transactions to date under time pressure and without the need for syndication or partnership, according to Executive Managing Director […]

Ensign Leaders on Acquisition Strategy, Tripledemic Demands, PHE Relief

As one of, if not the largest nursing home operator in the country, The Ensign Group (Nasdaq: ENSG) has quickly filled turnaround properties with a robust talent pipeline – including having 30 to 40 administrators-in-training at all times – despite a historic staffing shortage. Leadership also delved into why the Texas Medicaid rate is such […]

SNF, Medical Office Assets on Chopping Block as Invesque Continues Seniors Housing Strategy

As Invesque (TSE: IVQ.U) continues its move toward a primarily private-pay, seniors housing portfolio, the company announced it is down to only four skilled nursing operator relationships across 17 properties. The Canadian-listed company with U.S. headquarters in Indiana announced its latest SNF divestitures during the third quarter, according to CEO Scott White: the $25 million […]

NHI CEO: SNF, ​​Seniors Housing Dispositions Paving the Way for Future Investments 

National Health Investors Inc. (NYSE: NHI) teased more investment activity before the end of the year, as sales of underperforming assets continue to buy the real estate investment trust (REIT) freedom to take advantage of a normalizing seller’s market. NHI CEO Eric Mendelsohn said the Murfreesboro, Tenn.-based REIT is targeting another $50 million to $60 […]

4 Skilled Nursing CEOs Share Early Look at Plans, Priorities For 2023

As nursing home operators continue to tackle the host of issues that have challenged them throughout 2022, many have set their sights on what’s in store for the year ahead. Industry-wide staffing shortages, an ever changing regulatory environment and record inflation will likely remain pain points for the sector heading into the new year, but […]