With most states operating under certificate of need (CON) laws and access to capital scarce for skilled nursing providers, new construction isn’t expected to pick up for skilled nursing until greater strides are made in COVID-19 recovery for the sector. While there has been some momentum with federally and state-backed projects, primarily through the U.S. […]
Category: Development & Renovation
Close relationships with local educational institutions – colleges and high schools included – and a reinvented company culture five years in the making have helped Indiana operator Providence Health Care at the Woods recruit and retain staff. Providence president and CEO Mandy Lynch and Jessica Zook, director of health information, shared details on these initiatives […]
Skilled nursing assets have performed well for National Health Investors (NYSE: NHI), providing stability while the real estate investment trust (REIT) works to switch out underperforming seniors housing assets, according to leadership. SNFs and continuing care retirement communities (CCRCs) currently account for nearly two-thirds of the REIT’s cash revenue, CEO Eric Mendelsohn said during Wednesday’s […]
Welltower (NYSE: WELL) is planning for more U.K. growth amid a historic period of investment activity for the real estate investment trust. Reuben Brothers, a real estate company based in the United Kingdom is investing in an ownership stake in U.K. operator Avery Healthcare, one of Welltower’s largest operating partners. The terms of the deal […]
Utah-based Eduro Healthcare has acquired nine buildings in Texas in just under a year, including two skilled nursing facilities added last month. Through its expansion, Eduro has continued to build on its relationship with CareTrust REIT (Nasdaq: CTRE). And, Eduro’s model is similar to that of another CareTrust tenant, Ensign Group (Nasdaq: ENSG). By striking […]
From a large skilled nursing facility operator spanning several states to a Midwest-based group of health care providers, Brickyard Healthcare’s rebranding comes at a time when many in the industry face a crossroads. While Brickyard Healthcare isn’t the only company working to recover its occupancy and rebuild its brand after the COVID-19 pandemic – on […]
Indiana-based Golden LivingCenters on Monday announced a rebranding initiative to become Brickyard Healthcare. The rebranding decision was made to coincide with the company’s efforts to evolve from a large skilled nursing facility operator across many states to a regional family of health care providers “rooted in the Midwest,” Brickyard said in a statement. The name […]
Sabra Health Care REIT (Nasdaq: SBRA) is expanding its presence in Canada, and growing its senior living footprint, through a joint venture with Sienna Senior Living (TSX: SIA). In an effort to focus more on its long-term and home health care segments, Extendicare on Thursday announced it would sell its 11 Esprit senior living communities […]
Financial government support accompanying ongoing public health emergencies (PHEs) is considered a major factor in transaction activity, since so many facilities currently depend on such funding. What remains unclear is where that government support ship is headed as the industry continues into 2022. For operators, uncertain government funding could mean a continued rush of transactions […]
Located on the grounds of Sebille Manor, a former military housing complex, Michigan’s newest state veterans home is the first to serve the southeast and Detroit region. And, it’s doing so with an innovative small-home concept that brings infection control and other benefits in a design-forward manner. The 152,000-square-foot campus of the Michigan Veterans Home […]
The Ensign Group (Nasdaq: ENSG) is adding five senior living communities to its portfolio. The skilled nursing heavyweight has entered into a definitive agreement with The Pennant Group (Nasdaq: PNTG) to transfer the operations of the five communities to Ensign affiliates. The communities, which are located in Washington, Arizona and California, are near skilled nursing […]
GAPS Health hopes to continue its explosive growth in the new year, by way of skilled nursing facility (SNF) partnerships and acquisitions of smaller physician practices. Dallas-based GAPS provides medical directorships to SNFs across the U.S. – the company has only been around since 2019 but is already in more than 350 facilities as of […]
The Green House Project hopes to keep the small home model in the national spotlight in 2022, however, its focus may shift more to expanding in individual states. Though the model received some attention on the federal level last year with proposals for better funding in the Nursing Home Improvement and Accountability Act followed by […]
As PruittHealth makes progress on its goal of adding more private rooms to its facilities over the next five years, the operator plans to launch its own SNF-at-home type of service, dubbed PruittHealth Family First, in its home state of Georgia later this year. Starting as a 10-county pilot program, the family-owned operator with more […]
Seeing a need for better ancillary service providers in the post-acute care space, operator Trilogy Health Services last week formally launched its subsidiary business – branded Synchrony Health Services – on a broader platform. As part of the launch, Synchrony plans to initiate its lab services division in the second financial quarter of this year, […]
The COVID-19 pandemic continued to put pressure on an already strained skilled nursing industry in 2021. The next 12 months will be yet another test of resilience. Looking ahead to 2022, SNFs must stay nimble and inventive to not only survive but thrive. Private equity will continue to lead the nursing home transaction market pack, […]
As the push to private rooms has only grown stronger for nursing homes over the course of the pandemic, some operators are taking a long hard look at what their facilities need to do to modernize heading into 2022. For some, building new has proven to be the best option. “I believe if anybody is […]
Trella Health on Tuesday announced its acquisition of PlayMaker Health, a provider of market intelligence tools operating in the post-acute care space. The Atlanta-based health analytics company plans to mix its “robust” market intelligence with PlayMaker’s mobile customer relationship management (CRM) product, the company said in a statement. The dollar amount for the deal was […]
Florida Medical Clinic on Monday announced it has formed its own post-acute care network to serve Tampa Bay residents – including 10 skilled nursing facilities. The new network is designed for patients that need extended therapy or rehabilitation after discharge from the hospital, the Florida Medical Clinic said in a statement. Joe Delatorre, Florida Medical […]
Operators in the skilled nursing industry face unique challenges to company growth at this point in the pandemic, with buyers desperate to acquire facility licenses for understaffed buildings, while many continue to lag behind pre-pandemic occupancy levels. Mission Health Communities will continue to grow “where it makes sense,” CEO Stuart Lindeman told Skilled Nursing News, […]
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