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 […]
Category: Development & Renovation
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 […]
Actively looking to grow as an operator, EF Senior Care is using its consulting roots to more quickly diagnose problems prior to acquiring facilities, while developing its own software platform to better address turnover among administrators. In its unique business model, EF looks at potential properties through the lens of a consulting firm in order […]
The Ensign Group (Nasdaq: ENSG) is in conversation with small and mid-sized operators at the local and regional level, as the nursing home giant uses its strong capital position and service center resources to scale operations. Ensign executives mentioned such plans at this week’s National Investment Center for Seniors Housing & Care (NIC) Fall Conference […]
CareTrust REIT Inc. (NYSE: CTRE) funded a $24.9 million B-piece secured financing on a four-facility portfolio in the Southeast. The portfolio includes about 700 skilled nursing beds, according to CareTrust. “This loan begins a new relationship with this new Southeast operator,” CEO Dave Sedgwick said in a statement. “The operator has done a tremendous job […]
LTC Properties (NYSE: LTC) and PruittHealth are entering into a joint venture to purchase three Florida nursing homes for $62 million. This marks the first time that the real estate investment trust (REIT) and nursing home operator are working together, both companies shared Monday. The three facilities were constructed between 2018 and 2021 with a […]
Ignite Medical Resorts is continuing on its growth path through its most recent partnership with Thrive Personalized Medical Rehabilitation to manage daily operations at three of Thrive’s centers in Illinois. As of Sept. 1 Ignite will serve as the management provider for Thrive of Fox Valley, Thrive of Lisle and Thrive of Lake County. Ignite […]
As financing companies in the skilled nursing space have taken note of a more stable flow of funding from state and federal entities at this point in the pandemic, many believe now is the time to set long-term goals and start planning for the future again. Operators are breathing a sigh of relief too; borrowers […]
Assisted 4 Living (OTC: ASSF) marked the next phase in its evolution as a multi-faceted health care company, with its rebranding to Arboreta Healthcare announced on Monday. Arboreta, parent company of Arboreta Health & Rehabilitation skilled nursing and long-term care centers and Arboreta Assisted Living Communities, has accomplished a “striking turnaround” over the past year, […]
PruittHealth continues on its track toward growth, particularly in urban markets, but its CEO Neil Pruitt says the federal government needs to put more resources toward rural markets for operators. The Norcross, Georgia-based operator has set its sights on expanding into contiguous markets while deepening its presence in certain states – Tennessee is next on […]
New nursing home construction loan closings increased sixfold during the first quarter of the year compared to the same time period in 2021. The change marks the sector’s strongest quarter for such loans. The rate of change is partially explained by a “very weak” fourth financial quarter in 2021, according to the National Investment for […]
Utah-based skilled nursing company Eduro Healthcare recently acquired seven facilities in the San Antonio, Texas area, bringing the total count in the state to 15. Eduro first entered the Texas market in April 2021, and has seen success as operational and delivery of care changes are implemented, according to a news release. “Having worked in […]
Dwight Capital and its mortgage real estate investment trust (REIT) affiliate Dwight Mortgage Trust ended the second financial quarter with $297.6 million in seniors and health care financings. Notable transactions from Q2 included bridge loans for an eight-property SNF portfolio in Minnesota, along with New Jersey-based Riverfront Rehabilitation and Healthcare Center and continuing care retirement […]
Warsaw, Indiana-based Miller’s Health Systems will continue to operate skilled nursing facilities owned by Highgate Capital Investments/Aurora Health Network for the foreseeable future, as the deadline to transfer or renew lease agreements has been extended. It’s unclear exactly how long that extension will be, as first reported by local news source WANE15. Miller’s has been […]
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