Grandbridge Real Estate Capital arranged the $81 million sale of The Arlington at Naples, a 298-unit continuing care retirement community, to LCS. The campus is comprised 47 independent living homes, 128 independent living apartments, 42 assisted living units, 37 memory care units, and 44 skilled nursing units. The campus was opened in 2015 and is […]
Category: Finance
The Centers for Medicare & Medicaid Services (CMS) on Tuesday announced an expansion to certain accountable care initiatives in 2023, doubling down on efforts to have all patients with traditional Medicare in an accountable care relationship by 2030. More than 700,000 health care providers, including nursing homes, will participate in at least one of three […]
Exiting 15 states will enable the Evangelical Lutheran Good Samaritan Society to invest more resources into creating an integrated model with parent company Sanford Health, with a goal to deliver “cutting-edge care” to older adults regardless of where they reside. That’s according to Good Samaritan CEO Nate Schema, who believes that for Good Sam and […]
The Evangelical Lutheran Good Samaritan Society, one of the largest skilled nursing providers in the United States, plans to consolidate its operations from 22 states to seven. Once the process is complete, the Sioux Falls, South Dakota-based Good Samaritan Society will have operations in South Dakota, North Dakota, Iowa, Minnesota, Nebraska, Kansas and Colorado. About […]
After 20 acquisitions last year, Creative Solutions in Healthcare has no plans to slow down in 2023. The Texas-based company rang in the New Year adding two skilled nursing facilities to its roster, purchased from Southwest LTC, another regional player. Creative Solutions will also be acquiring eight more SNFs on Feb. 1, CEO Gary Blake […]
Omega Healthcare Investors Inc. (NYSE: OHI) on Monday announced some transaction and rent deferral updates regarding two skilled nursing operators, one in the U.S. and one in the U.K. The Maryland-based real estate investment trust (REIT) said it sold 11 of its LaVie Care Center properties to an unnamed third party for $129.8 million, also […]
Senior housing and healthcare lender VIUM Capital closed 70 transactions for 186 separate properties in 22 states, totaling $2.1 billion, in 2022. “Closing a record number of transactions, securing HUD/GNMA approval, and launching our debt fund were just a few of the highlights of a remarkable 2022,” said Senior Managing Director Scott Blount. “We have […]
“The sector has a tremendous opportunity to reimagine how we deliver care.” These are the words of Nate Schema, president and CEO of The Evangelical Lutheran Good Samaritan Society, one of the largest providers of skilled nursing services in the United States. Good Sam is reimagining care in part through a $350 million virtual care […]
The march toward a new Minimum Data Set (MDS) protocol continues, with the Centers for Medicare & Medicaid Services (CMS) releasing the full complement of draft item sets. With this release on Dec. 23, CMS made good on a previous promise to get these complete draft item sets out in 2022. The agency plans to […]
Athena Health Systems of Farmington, Connecticut will pay $1.75 million to resolve a series of allegations, including that the company failed to meet the needs of nursing home residents experiencing substance use disorders. The settlement comes against a backdrop of increasing overlap between skilled nursing and behavioral health, with a growing recognition of the needs […]
After divesting of its sizable portfolio over the course of several years, SavaSeniorCare will cease to exist as a company once its last five nursing homes transition to other operators, which the company expects to occur by the end of January 2023. The end of Atlanta-based Sava marks another sea change in the skilled nursing […]
The top quotes of 2022 memorably captured some of the biggest skilled nursing issues of the year, from “shocking” payment policies to “colossal” regulatory issues to “transformative” changes. The quotes below not only serve as reminders about what transpired over the last 12 months, but touch on many issues that are still pressing as 2023 […]
Total expenditures for nursing care facilities and continuing care retirement communities (CCRCs) fell by 7.9% between 2020 and 2021. Going back to 1970, these expenditures had only ever increased each year, according to data released Wednesday. The decline last year can be attributed in large part to the pullback in federal relief programs related to […]
Omega affiliate makes $11.5 million deal OHI Asset Management, an affiliate of Omega Healthcare Investors Inc. (NYSE: OHI), has purchased the Alston Brook long-term care and rehabilitation facility from Golden Age of Lexington Inc. for $11.15 million. The facility is located in Lexington, North Carolina, where Omega owns two other facilities. Omega owns 39 facilities […]
Lenders, operators, industry lobbying organizations and consumer advocates all agree that an expansion of skilled nursing financing programs through the Department of Housing and Urban Development (HUD) could be a game-changer in driving much-needed innovation. Building on suggestions from the National Academy of Sciences, Engineering, and Medicine (NASEM), the authors of a recent Health Affairs […]
As therapy providers in the nursing home setting brace for a 4.47% cut in the Physician Fee Schedule in 2023, Congress may not help bridge the gap as much as in the past. Currently, Congress is toying with a 2% to2.5% boost to help providers dealing with the 4.47% cut, panelists said during a webinar […]
Following a whopping $590 million deal to acquire a 50-property SNF portfolio in Texas, the team at Dwyer Workforce Development (DWD) has no plans on slowing down efforts to bolster the skilled nursing workforce. Major resources DWD has created for its “Dwyer Scholars” – housing, transportation and child care – will become a larger part […]
Senwell advises on sale of 6 facilities to Saber Healthcare Senwell Senior Investment Advisors advised sellers on the sale of six facilities in North Carolina, made up of 691 licensed beds divided between five skilled nursing facilities and one assisted living facility, located across North Carolina. The sellers wanted to transition the property to a […]
On Friday, news broke that the Ohio House approved $615 million in funding for the state’s skilled nursing facilities. Also on Friday, stocks were roiled by a better-than-expected federal jobs report, which stoked expectations of further interest rate hikes from the Federal Reserve. These dynamics — funding measures at the state level and rising interest […]
Between the summer of 2021 all the way through May of this year, hospitals increasingly discharged Medicare beneficiaries with Covid-19 to the skilled nursing facility setting, only to drop back down in June. The proportion of Covid-19 hospitalization discharges per month to a SNF increased by 8% from July 2021 to May 2022, cresting 20% […]
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