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 […]
Category: Development & Renovation
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 […]
Skilled nursing was one of 11 “alternative asset classes” to outpace real estate investment trust (REIT) transactions in more traditional markets, according to a report released by JLL this week. The SNF sector, along with other alternative classes, made up more than 60% of REIT equity market capitalization — some of the largest domestic and […]
American Healthcare REIT late last week announced its completed merger with Griffin-American Healthcare REIT III, creating a combined $4.2 billion in healthcare real estate assets. Danny Prosky, CEO and president of the newly combined company, said in a statement the real estate investment trust (REIT) is “strategically positioned” to go public. During an investor presentation […]
After a “quiet” year in 2020, Summit Healthcare REIT is looking to make more transaction noise going into 2022. The Lake Forest, Calif.-based real estate investment trust (REIT) in July acquired three skilled nursing facilities in California for $20 million, and considers itself to be “back in acquisition mode,” Elizabeth Pagliarini, COO and CFO of […]
Operators looking to stay in the skilled nursing space long-term see the need for private rooms moving forward post-COVID but for one skilled nursing wing in Chicago that modernization started back in 2017. Smith Village recently completed a $23 million renovation of its skilled nursing wing with infrastructure improvements that include a new roof, all […]
Chicago-based Huron Consulting, which traditionally has ties to the health care world via hospital systems, has cultivated a small team to zero in on attracting clients from the skilled nursing and long-term care industry. Hand-picked talent and a concerted effort to dismantle the silos in health care set the group apart from other firms that […]
As skilled nursing operators look for new paths to take on higher acuity patients, some are turning to in-house dialysis as a way to build back hospital referrals lost during COVID-19. One wrinkle, however, has proven to be that the rules and regulations around the construction and implementation of these services differ from state-to-state, with […]
ProMedica and Emory Healthcare are teaming up to design and build two skilled nursing and rehabilitation centers in the metro Atlanta area. As part of the agreement, ProMedica will manage the day-to-day operations of Emory’s skilled nursing facility, Budd Terrace at Wesley Woods, beginning on Sept. 1. Emory will remain involved with quality performance and […]
One lesson learned over the course of the pandemic is how important administrators are to building back census, Linda Saunders, founder and president of Censusolutions, said at the American College of Health Care Administrators Midwest Executive Leadership Summit last week. “Don’t underestimate the power you have as an administrator,” she said. Censusolutions works with companies […]
What once could be considered the norm in skilled nursing facilities — shared rooms, bathrooms and common areas — has recently been and will further be closely scrutinized by industry analysts, operators and the architects who design these facilities as the industry emerges from the height of the pandemic. Martin Siefering, a principal at architecture […]
Spring Hills, with 28 post-acute care, assisted living and memory care facilities in seven states, is looking to grow its footprint in the post-acute care sector. The company announced Wednesday that it will be taking over operations at five more post-acute care facilities in New Jersey with three more in the works. All eight post-acute […]
From increased facility access points and HVAC innovation to rethinking communal and private spaces, nursing homes built in the wake of COVID-19 are expected to come with a different look and feel, with more space to spread out, compared to more traditional facilities. Charleston, W.Va-based Stonerise has 17 transitional and skilled nursing care centers throughout […]
Home health and hospice provider Amedisys Inc. (Nasdaq: AMED) late Wednesday announced plans to acquire SNF-at-home company Contessa Health for $250 million. The Baton Rouge, La. company said it intends to grow Contessa’s logistics platform CareConvergence, in addition to owning its hospital-at-home and home-based skilled nursing services. Amedisys’s total addressable market (TAM) for in-home care […]
The California Department of General Services (DGS) has begun preconstruction on an ambitious $269-million skilled nursing and memory care center in Napa Valley, a project eight years in the making. DGS’s client, the California Department of Veterans Affairs (CalVet), plans to combine the new 240-bed SNF with three existing facilities on the 615-acre campus. This […]
National Healthcare Corp. looks to further diversify its service lines within the care continuum, this month acquiring outstanding stakes in hospice and palliative care system Caris Healthcare for $38.95 million. NHC deals primarily in skilled nursing facilities, with its affiliates operating 75 SNFs, followed by 35 home health agencies, 28 hospice agencies, 24 assisted living […]
San Clemente, Calif.-based CareTrust REIT (Nasdaq: CTRE) has transferred operations of its four Five Oaks Healthcare facilities to affiliates of the Ensign Group (Nasdaq: ENSG) as of June 1. The skilled nursing facilities, all in Washington, were added to a long-term, triple-net master lease between the real estate investment trust and San Juan Capistrano, Calif.-based […]
Just like with COVID-19 infection, no one was immune when it came to senior housing operators and the subsequent financial challenges created by the pandemic. It affected every community type – all sizes, all business models— including skilled nursing. All have been struggling with occupancy. Recent numbers from CliftonLarsonAllen show that as of January 2021, […]
Looking to the future, skilled nursing facilities will need to get creative and find new ways to attract patients and their families in a post-acute care continuum that’s becoming more and more crowded and competitive. A report from Plante Moran looking at how SNFs can rebound from the pandemic shows that nearly 500 surveyed by […]
The pandemic recovery continues to present unsettling conditions for the economic wellbeing of older and somewhat struggling skilled nursing facilities. Steady stimulus funding provided by the federal government and other sources such as the CARES Act has helped sustain some communities that have been met with rising expenses and falling census. December 2020 occupancy rates […]
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