Leaving Money on the Table: Nursing Home Appraisals, if Adopted by Legislators, Could Bolster Medicaid Reimbursement

As so many in the nursing home space focus on Medicaid reimbursement, others are taking a closer look at improving rate setting methodology and how it can be optimized for facilities. Medicaid rates are in part influenced by fair rental value, which is determined after experienced housing experts perform an in-depth market valuation on the […]

More Capital Flows Into Skilled Nursing as Institutional Investors See It as ‘Infrastructure’

Traditionally, skilled nursing has been a challenging asset class for raising institutional funds. However, this paradigm may be shifting with a growing perception among institutional investors that nursing homes are a type of infrastructure, and the sector is already seeing financial gains. According to Northwind Group’s Ran Eliasaf and Jonathan Slusher, investments in nursing homes […]

[UPDATED] Skilled Nursing Giant PACS Group Files for IPO as It Looks to Expand Footprint

PACS Group filed for an initial public offering with the Securities and Exchange Commission (SEC) on Wednesday, citing focus on growth plans in its filing. “As we continue to grow, we intend to explore additional purchases of real-estate assets, through purchase options or right-of-first refusals in existing leases, as well as acquisitions and de novo […]

‘Inflection Point’: Funding Woes Limiting Tech Usage Needed To Drive New Care Models, Payment Frameworks at Nursing Homes

The skilled industry industry may be at an ‘inflection point’ when it comes to adopting novel technologies, new payment frameworks and evolving care models amid challenges facing the sector. But a hopeful picture is emerging for operators seeking to improve clinical care, and some of it depends on how they innovate and fund the changes. […]

Inside Successfully Obtaining Loans for Nursing Home Projects Amid Harsh Financing Environment

A large influx of new patients expected in less than a decade means that nursing home operators must start thinking about bolstering infrastructure along with improving the workforce. And yet, nursing home loans are often the most difficult to obtain across the health care continuum. Knowing how community ties can help providers obtain capital, and […]

More Scrutiny on Medicare Advantage Data Collection: MedPAC Report Dives into Encounter Data

More government scrutiny of Medicare Advantage (MA) plans and data sharing with nursing homes could reduce claims denials and burdens associated with such plans, sector leaders have long argued. And now a report released Thursday by a Congressional advisory body backs that view in shedding light on how enrollees are captured in data. The Medicare […]

Inside a More ‘Holistic’ Approach at Nursing Homes: Attracting New Nurses, Countering CMS Regulations Effectively

As the skilled nursing industry continues to evolve, efforts towards collaboration, innovation and advocacy will be paramount in addressing the challenges and opportunities ahead – along with making the industry “sexier” to potential nurses and healthcare professionals. This is according to Lana Blagg, Senior VP of Clinical Services at Touchstone Communities, who spoke at Skilled […]

How CMS Can Improve Visibility on Nursing Home REIT, Private Equity Ownership

Even as the Biden administration strives to crack down on confusing ownership structures in the nursing home industry, it appears there are gaps in federal data collection and limited visibility into ownership. Only one-third of private equity (PE) and fewer than one-fifth of real estate investment trust (REIT) investments in the nursing home space are […]

Heritage Operations COO: New Chapter Starting After Cutting Nursing Home Footprint in Half

About a year ago, Illinois-based Heritage Operations Group significantly reduced its skilled nursing footprint, divesting almost half of its 44 skilled nursing facilities and an assisted living facility. At the time, the company cited added challenges posed by staffing shortages and increased staffing costs amid a challenging economic climate. But a year makes a difference. […]

‘Real Heartache’: Medicaid Redetermination Post-PHE Causing Nursing Homes Serious Cash Flow Problems, Anxiety

Flaws with the Medicaid redetermination process are leading to an increasing number of existing nursing home residents being found ineligible for Medicaid coverage — creating headaches for nursing homes. This view is held by officials at several state health care associations, who spoke to Skilled Nursing News. Montana, for one, has Medicaid redetermination information being […]

Sabra’s Matros Says No ‘False Guardrails’ Around M&A Pipeline, Potential Skilled Nursing Deals

The year ahead for Sabra Health Care REIT (Nasdaq: SBRA) presents a “terrific” opportunity for improved margins and potential dealmaking, with eyes on multiple asset classes, according to Sabra CEO Rick Matros. While the California-based real estate investment trust (REIT) has focused in the past couple years on diversifying its portfolio – namely adding behavioral […]

What the $105M Portopiccolo Financing from Northwind, CareTrust Signals About Nursing Home Sector Stabilization

Northwind Group, a real estate private equity firm and debt fund manager, announced multiple significant investments in the skilled nursing sector earlier this month in a move that underlines a favorable environment for deal making for large players. A portfolio of nursing homes owned by The Portopiccolo Group benefited from the provision of credit facilities […]

Nursing Home Reimbursement Pressure ‘Flat Out Profound,’ Necessitating Innovative Models

It’s becoming harder than ever to operate standalone skilled nursing facilities amid inadequate government funding, and innovative business models that deal with challenges, especially those related to staffing, have and will be borne from necessity. “Innovative models are going to present themselves in some way to stop this train,” said Dan Hermann, president and CEO […]

PACS Starts Next Chapter With New Leaders, 200-Plus Facility Footprint

Following significant leadership changes recently at PACS Group, new initiatives are afoot at the nursing home giant as it continues to expand its footprint. To discuss these endeavors, Skilled Nursing News sat down with the new leadership at PACS, whose affiliates operate more than 200 facilities in nine states – 58 of these acquired in […]

AHCA CEO Parkinson to Retire in 2025, Search on for Successor

Mark Parkinson, CEO and president of the American Health Care Association and National Center for Assisted Living (AHCA/NCAL), on Tuesday announced plans for retirement after 13 years with the association, and leading its members through the pandemic. Parkinson plans to stay on until Jan. 15 of next year, as the association launches its search for […]