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, […]
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 […]
New leadership at a St. Louis, M.O.-based nursing home nonprofit aims to continue growth in the new year, while bringing a mix of financial and academic expertise to its top executive spot. Bill Holman will take the helm as CEO at St. Andrew’s Resources for Seniors System Inc. (STARSS) effective Jan. 1, 2022 — Holman […]
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 […]
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 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 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 […]
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 […]
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 […]
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