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 […]
Category: Development & Renovation
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 […]
The clock is ticking on the long-term care sector. Whether an operator is part of a larger organization, a continuing care retirement community (CRCC), or a standalone facility, industry headwinds are pushing leaders across the country to think more closely about what moving to private rooms would look like for their organization. For many that […]
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 […]
Skilled nursing operators are facing madness — the bombardment of new tech, staff burnout, as well as intense and even ageist regulations and payment rates — yet there is a way to drive clinical innovation and create magic for residents. That’s according to Arif Nazir, chief medical officer at Signature HealthCARE and CEO of Signature’s […]
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 […]
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 […]
As the nursing home sector readies for regulatory and policy shifts to fix what has been referred to as a “broken system” in recent months, the Green House Project and Pioneer Network announced plans this week to enter into a formal alliance. The Green House Project and Pioneer Network hope to draw on their decades […]
Operators have had to get creative to recruit and retain staff as the workforce shortage persists, with the omicron variant, burnout and opportunities for better pay stalling staff growth. Leadership has had to hone in on necessities workers don’t always have access to, like cell phones and affordable housing. Majestic Care in Indiana offers a […]
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 […]
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