TSOLife completed a $9 million Series A funding round for its AI-based business intelligence platform that translates and transcribes resident interviews and converts the information into consumable data. Data dashboards can be utilized by skilled nursing staff to look for actionable trends and insights. “TSO is the tip of the spear in gathering social insights […]
Category: Finance
Maryland Gov. Larry Hogan has earmarked $50 million in funding for the state’s nursing homes and hospitals to ease workforce challenges and other Covid-related obstacles. “This additional funding will help further ease some of the burdens the COVID-19 pandemic has caused our hospitals and skilled nursing facilities across the state,” Maryland Department of Health Secretary […]
The sale of bankrupt Iowa-based QHC facilities may be blocked — again — this time by the Centers for Medicare & Medicaid Services (CMS). The federal agency is concerned the deal will not cover $1 million owed to it. Blue Diamond Equities, a New Jersey-based privately owned real estate holdings and management company, proposed to […]
The Ensign Group announced a series of SNF acquisitions and long-term leases earlier this month, including one facility in Arizona, two in South Carolina and six in Texas. Ensign acquired the operations of Oak Harbor Healthcare, a 132-bed skilled nursing facility located in Mount Pleasant, S.C. and Oak View Health and Rehabilitation, a 190-bed SNF […]
Nursing home leaders have largely steered clear of making predictions given the events of the last two-plus years, but the head of the sector’s largest trade group confidently made one Monday. “One thing that I am sure about, and that I see very clearly is my prediction, and that is that you and your team […]
As colder temperatures bring flu season and the likelihood of higher Covid cases, the nation’s most frail population — and the workers that care for them — can only benefit from a fall Covid booster campaign, researchers say. Federal dollars to pay for a campaign, however, have dwindled. A recent study conducted by the Commonwealth […]
The Ensign Group (Nasdaq: ENSG) is poised to overtake Genesis HealthCare as the largest nursing home operator in the country as it continues to build upon its rapidly growing portfolio, according to ownership data released last week by the Centers for Medicare & Medicaid Services (CMS). Ensign could be the largest skilled nursing provider in […]
Walker & Dunlop closed $1.3 billion in long-term care and seniors housing deals during the first half of this year, the company announced this week. The sales mark a “milestone” for the Walker & Dunlop team, marking the highest recorded sales for a comparable timeframe, and signifies the momentum in the market nationwide, according to […]
Real estate investment trust (REIT) dealmaking for the rest of this year and into 2023 will largely be driven by the desire to deepen existing or secure new partnerships with skilled nursing operators that have “weathered the storm exceptionally well.” That’s according to Michael Segal, executive managing director and partner at Blueprint Healthcare Real Estate […]
“Wild” and “crazy” are adjectives that describe aspects of the skilled nursing business at the moment, according to Health Dimensions Group (HDG) CEO Erin Shvetzoff Hennessey. Labor is “just wild,” she told Skilled Nursing News during an interview at the recent National Investment Center for Seniors Housing & Care (NIC) conference in Washington, D.C. And […]
In line with efforts to improve skilled nursing ownership transparency, the Centers for Medicare & Medicaid Services (CMS) said on Monday that it is making additional data publicly available for all Medicare-certified nursing homes. Licensing officials, state and federal law enforcement, researchers and the public will, for the first time, be able to identify common […]
Testimony and questions at the recent congressional hearing on nursing homes’ performance in Covid-19 showed that the system is in desperate need of reform, and that the time for reports and study is over, according to LeadingAge President and CEO Katie Smith Sloan. “We need to start looking ahead,” Sloan told Skilled Nursing News. “My […]
Strawberry Fields REIT (OTCQX: STRW) has officially gone public this week as it sets its sights on building upon its growing skilled nursing portfolio. The shares began trading on Sept. 21 on the OTCQX Best Market under the ticker symbol “STRW.” Strawberry Fields REIT is a self-administered real estate investment trust with a growing portfolio […]
Dwyer Workforce Development (DWD) on Wednesday announced the $590 million acquisition of a 50-property skilled nursing facility portfolio managed by Regency Integrated Health Services. Capital Funding Group is joined by banks and a publicly traded real estate investment trust (REIT) in financing the acquisition of the Regency properties, Jack Dwyer told Skilled Nursing News. Dwyer, […]
By Tim Regan American Healthcare REIT, the majority owner of Trilogy Health Services, is filing for an initial public offering nearly one year after its $4.2 billion merger. The Irvine, California-based real estate investment trust (REIT) is seeking to list shares of common stock on the New York Stock Exchange as part of an initial public […]
Blueprint Healthcare Real Estate Advisors helped facilitate the $42 million sale of a 210-bed skilled nursing and long-term care facility in Pensacola, Fla. The deal amounted to $200,000 per bed and a 9.6% cap rate. Southern Oaks has rebounded to pre-pandemic occupancy of 91% with more than $4 million in annualized trailing EBITDAR — generating […]
Lenders in the skilled nursing space are increasingly more selective with their financing, adopting stricter underwriting standards while regulatory uncertainties and reimbursement changes leave investors more reserved. There is also a more defined shift toward a buyers’ market as well, as more transactions come back across the sector, according to analysts in the space. A […]
Many investors have not shied away from the skilled nursing industry in spite of the ongoing labor shortages, rising costs and looming federal regulations consuming operators — and they don’t appear to be doing so anytime soon. Private buyers have continued to buy up the overwhelming majority of available assets, closing roughly $1 billion in […]
Federal reforms — on top of chronic underfunding in the state — has Texas-based Cascade Health Services fearing that certain facilities will be left at a disadvantage as the operator looks to grow regionally. Permanent Medicaid rate increases could be a start, Cascade CEO Ron Haney told Skilled Nursing News, but facilities in Texas will […]
The Ensign Group (Nasdaq: ENSG) is in conversation with small and mid-sized operators at the local and regional level, as the nursing home giant uses its strong capital position and service center resources to scale operations. Ensign executives mentioned such plans at this week’s National Investment Center for Seniors Housing & Care (NIC) Fall Conference […]