Growing Massachusetts Operator Combines Tech Background, Consulting Roots to Form Unique Business Model

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 […]

Ensign Capitalizes on Favorable Medicaid Landscape to Continue Sustainable Growth

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 Funds $24.9M SNF Portfolio; ESI Arranges Nursing Home Sale in Indiana

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, PruittHealth Enter Into 3 Nursing Home JV Investment for $62M 

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 Partners With Thrive Personalized Medical Rehabilitation to Manage 3 SNFs

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 […]

Florida Senior Care Provider Rebrands as Arboreta Healthcare After Acquiring Trillium

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 CEO: Nursing Home Operators Can’t Break Into Small Markets Without Government Support

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 Construction Loans Skyrocketed for Nursing Home Sector in Q1 2022

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 […]

Eduro Acquires 7 Texas SNFs; White Oak Structures Financing for 5 Nursing Homes

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 Closes 2Q With $297.6M in Financing; Senwell Inks Deal on 4-Facility Senior Care Portfolio

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 […]

Miller’s Health Systems, Highgate/Aurora Extend Negotiations on Lease Transfer of Nursing Home Portfolio

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 […]

Principle LTC Expands Clinical Partnership to Include Alzheimer’s Study

North Carolina-based operator Principle LTC is bringing a new opportunity for Alzheimer’s research to its facilities, thanks to an expanded partnership with research organization Care Access. Principle LTC residents that meet criteria at North Carolina facilities, along with community members, will be able to participate in clinical trials, according to a news release announcing the […]

Invesque Leans Heavily into Seniors Housing as Skilled Nursing Assets Dwindle

Invesque (TSE: IVQ.U) continues its shift toward private-pay assets, a move that brings the health care real estate investment trust a more robust seniors housing portfolio – while its skilled nursing assets dwindle. Dispositions announced during the last three financial quarters have brought pro forma net operating income (NOI) for seniors housing to 60%. Just […]

What Service Lines 5 Nursing Home Leaders Plan to Invest In For the Future

With data suggesting that more than 400 nursing homes could close in 2022 and pandemic-related federal funding coming to an end, SNFs are increasingly having to find ways to solidify their role in the post-acute care continuum moving forward. For nursing home leaders, this means identifying what types of investments will move the needle forward […]

SNF Architecture Firms Meet the Moment with Single-Occupancy Builds

Some design firms that cater to the skilled nursing community have not built traditional, more institutional nursing homes for some time, steering clients toward single-occupancy, small home models. For firms like Roanoke, Va.-based SFCS Architects, the Biden administration’s call to promote private rooms in the nursing home industry meets the moment and plans for future […]