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 […]
Category: Development & Renovation
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 […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
The 10 largest nonprofit, multi-site senior living organizations were operating nearly 2,000 fewer nursing care beds at the end of 2021, compared with the end of 2020. That’s according to the 2022 LeadingAge Ziegler 200 report. The report lists the largest not-for-profit systems providing aging services through senior living in the United States, in order […]
As the skilled nursing industry strives to change public perception of itself, some operators are using unique marketing tactics to show a different side of the sector – including a new partnership between a provider and a NFL team. Autumn Lake Healthcare on Monday said it has entered a partnership with the Baltimore Ravens and […]
As more nursing homes seek to add behavioral health services to their continuum of care, providers that have been specializing in these areas for decades can be used as a blueprint to achieving similar results. Covid-induced isolation, coupled with initiatives outlined by the Centers for Medicare and Medicaid Services (CMS), make existing programs – like […]
The Ensign Group (Nasdaq: ENSG) is poised to overtake Genesis HealthCare as the largest nursing home operator in the country as it continues to build upon its rapidly growing portfolio, according to ownership data released last week by the Centers for Medicare & Medicaid Services (CMS). Ensign could be the largest skilled nursing provider in […]
Many investors have not shied away from the skilled nursing industry in spite of the ongoing labor shortages, rising costs and looming federal regulations consuming operators — and they don’t appear to be doing so anytime soon. Private buyers have continued to buy up the overwhelming majority of available assets, closing roughly $1 billion in […]
As Trilogy Health Services has grown from two facilities to 127 since Leigh Ann Barney came on board, the senior care company has continued to scale its business by being “strategically opportunistic.” What that means, according to Barney, is that Trilogy has acquired or built buildings by following the organization’s core tenants: Offering care across […]
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