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 […]
Category: Development & Renovation
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 […]
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. […]
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 […]
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