With Former Trilogy CEO at Helm, Synchrony to Drive ‘Clinical Excellence’ in Senior Care

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 Trends That Will Shape Skilled Nursing in 2022

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, […]

Trella Inks Deal With CRM, EMR Company PlayMaker

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 Forms Post Acute Care Network with 10 Skilled Nursing Facilities

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 […]

Staffing and Growth: Mission Health Invests ‘Close to $1M’ on Retention Programs

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, […]

Buyers Clamor for Limited Skilled Nursing Bed Licenses

For operators feeling the excruciating slowness of the certificate of need (CON) route to expansion, or are hitting a roadblock with moratoriums on new skilled nursing beds, many are opting to acquire bed licenses from other operators. The option offers another way to grow across state lines, or in an existing market. Still, bed license […]

In Time, 2020-2021 Nursing Home Data will be Dealmaking ‘Outlier,’ Skewed By Pandemic

Although it’s been difficult to bring consistent data to the table, dealmaking in the skilled nursing space continues to be lucrative for both the buyer and seller. Matthew Alley, managing director at Senior Living Investment Brokerage (SLIB), says SNF market data from 2020 and 2021 will be considered ‘outliers’ in a few years, but that’s […]

Uptick in Construction Lending Seen as 41% of Senior Living Execs Expect Development to Take Off

Operators across the senior living spectrum expect construction lending to pick up after seeing it slowed during the pandemic, with nearly half, 41% of respondents, reporting that they think their development pipelines will increase. Though it was not immediately clear how skilled nursing executives specifically responded to how development might grow, the National Investment Center […]

Invesque Continues Shift Away From Skilled Nursing Assets

Invesque Inc. (TSE: IVQ.U) during its third quarter earnings call highlighted a continued shift to a majority private pay, seniors housing portfolio from when the company first announced its IPO five years ago, diminishing its skilled nursing assets in the process. When the Carmel, Ind.-based company went public in June 2016, skilled nursing made up […]

Diversicare Reports Net Loss for Third Quarter, Close to Completed Merger with DAC

Diversicare Healthcare Services (OTCQX: DVCR) published its earnings details on Tuesday, reporting a net loss from continuing operations at -$2.9 million, or -43 cents per share in the third quarter. During the third quarter of 2020, Diversicare reported a net income of $3.2 million from operations, or 48 cents per share. The Brentwood, Tenn.-based skilled […]

NHI CEO: Skilled Nursing Assets Provide ‘Blueprint’ to Stable Growth

National Health Investors Inc. (NYSE: NHI) CEO Eric Mendelsohn said its skilled nursing operators serve as a “blueprint” for long-term stability and growth at this point in the pandemic, during a third quarter earnings call late Monday. NHI’s skilled portfolio represents 32% of its annualized cash revenue, with National Healthcare Corporation (NYSE: NHC) and the […]

Signature, Genesis Collaborate During COVID-19 Pandemic, Develop Framework for Future Partnership

Recent collaboration between Signature HealthCARE and Genesis HealthCare during the COVID-19 pandemic revealed that industry leaders should look to establish formal networks and build on pre-existing programs to facilitate and encourage collaboration across organizations. The need for interprofessional collaborations across organizations is not new but has only intensified since the pandemic and the collaboration between […]

Maryland Nursing Home Adds Palliative Service Line

Orchard Hill Rehabilitation & Healthcare Center, with the help of Brick, N.J.-based Marquis Health Consulting Services, on Tuesday introduced an in-facility palliative care service. Marquis provides consulting services to Orchard Hill. The Towson, Md. operator will have Seasons Hospice & Palliative Care manage the service line, Orchard Hill said in a statement. Currently, Orchard Hill […]

Good Samaritan Names New CEO

The Evangelical Lutheran Good Samaritan Society on Wednesday announced its new president and CEO: Nathan Schema. Schema will assume the role on Jan. 1, as the non-profit giant enters its 100th year as an organization. Good Sam’s current president and CEO Randy Bury will retire effective Dec. 31, the Sioux Falls, S.D.-based operator said in […]

Symphony Care Network Moves Michael Munter to CEO, Launches Consulting Service for SNFs

As the skilled nursing market continues to heat up with larger corporations adding smaller operations to their portfolio, Symphony Care Network launched a new division Monday designed to give small- to mid-sized skilled nursing facilities (SNFs) the tools and insight they need to not only survive but thrive post-COVID. The launch is paired with a […]

Marquis Companies Finds Success Building New Facilities Rather Than Renovating Existing Ones

At a time when skilled nursing assets are getting record-setting price per bed valuations, Milwaukie, Ore-based Marquis Companies plans to continue to grow in the space by building from the ground up. “We’ve only been building new facilities for about 11 years now, so we haven’t acquired any facilities,” Phil Fogg Jr., president and CEO […]

American Healthcare REIT Aims to Further Grow Trilogy Portfolio After Merger

American Healthcare REIT plans to increase its investment in skilled nursing operator Trilogy Health Services post-merger, CEO Danny Prosky told Skilled Nursing News. It’s going to be the real estate investment trust’s (REIT) “primary source of growth” in the SNF market. Trilogy, the 12th-largest senior living provider in the United States according to 2020 Argentum […]

CRCCs Not Looking to Exit, But Reinvest in Skilled Nursing

Continuing care retirement communities are designed to offer a wide range of senior care services across multiple settings at their campuses, including skilled nursing. But, with occupancy recovery slowed and consumer trends changing the look of nursing homes and senior care nationwide, some CCRCs are forced to ask what the future of their skilled nursing […]