An unnamed tenant has decided not to renew its lease with real estate investment trust (REIT) LTC Properties (NYSE: LTC) for seven skilled nursing facilities that are currently part of LTC’s assets. LTC leaders said they are continuing with the sale process for the properties, and remain committed to replacing at least $8.3 million in […]
Category: Finance
The Ensign Group acquired the real estate and operations of a 117-bed skilled nursing facility in Washington from Providence Home and Community Care. Meanwhile, CIBC Bank closed a $32 million cash-out commercial mortgage refinance related to two skilled nursing facilities located in Kentucky and Tennessee. Ensign acquires Washington SNF The Ensign Group (Nasdaq: ENSG) acquired […]
Deals in the U.K. continued to be a large driver of investment activity in 2025 for Omega Healthcare Investors (NYSE: OHI), with a $344 million April investment of a 45-care home portfolio in the U.K. and Jersey, closing after the first financial quarter’s end. Care homes in the U.K. are essentially nursing homes, but can […]
In a bid to maintain operational strength for years to come, CareTrust REIT Inc. (CTRE) made some bold moves during the first quarter, including a $856 million strategic acquisition of U.K.-based Care REIT. CEO and President Dave Sedgwick cited the deal as an example of his company’s desire to seize a window of opportunity to […]
The Ensign Group (Nasdaq: ENSG) closed a strong first quarter, marked by wage and labor stability, as the company looks ahead to a steady pace of investments. “We are thrilled to announce another record setting quarter achieved by our local teams. In spite of all the industry noise,” CEO Barry Port said during the company’s […]
Welltower Inc.’s (NYSE: WELL) $1.2 billion in skilled nursing investments in the first financial quarter served as a “credit business,” executives of the real estate investment trust (REIT) said Tuesday while discussing details of its investment in Aspire Healthcare. Welltower Co-President and Chief Investment Officer Nikhil Chaudhri described skilled nursing as a credit business, in […]
Guardian Healthcare-owned portfolio of three nursing homes in Pennsylvania and West Virginia sold for $45 million. Meanwhile, two nursing homes and one assisted living facility in California received $53.4 million in refinancing through a bridge-to-HUD loan. 3-SNF portfolio sold Senior Living Investment Brokerage (SLIB) facilitated the $45 million sale of the Guardian Healthcare-owned portfolio of […]
Congress may cut Medicaid provider taxes for nursing homes as a part of budget reconciliation, significantly impacting the sector as many providers rely on this avenue of reimbursement for crucial services and resident resources. These taxes are a key funding tool: providers pay a fee, matched by federal dollars, to support state Medicaid programs. But […]
Private equity ownership in the nursing home sector, currently estimated at between 5% and 13%, may be higher and growing – a development that raises consumer concerns about resident harm and quality of care, especially in light of several high-profile bankruptcies in recent years involving PE-owned facilities. PE-driven bankruptcies have impacted residents, workers, and the […]
Blueprint facilitated the sale of Project United, a clustered portfolio made up of five skilled nursing facilities and two assisted living communities in the greater Cleveland, Ohio area. Meanwhile, Berkadia arranged a $15 million HUD loan for a California-based client, including for new additions to a 99-bed SNF in Washington. Seven-asset portfolio with 5 SNFs […]
Financing through the U.S. Department of Housing and Urban Development (HUD) has become increasingly delayed, with growing queues for prospective borrowers in the nursing home sector. The backlog at HUD is growing as staff accept buyout offers amid a reshuffling of employees at the federal agency, which has been a focus of the Trump administration’s […]
A strong overall outlook for skilled nursing is behind the rising appeal for asset-based lending in the nursing home sector, but distressed properties remain common in an environment with harsher and higher material citations and fines, according to risk assessment experts. After evaluating the quality of operator books, records, and management, advisors from health care […]
Two California nursing homes were sold for $40.5 million in bridge financing to Kalesta Healthcare Group, aided by Greystone. Meanwhile, Dwight Capital provided bridge loan financing for three skilled nursing facilities in Rhode Island. Dwight Financed $364M-Plus in March Dwight Capital and its affiliate REIT Dwight Mortgage Trust closed on more than $364 million in […]
Joseph Schwartz, former head of Skyline Healthcare, was convicted and sentenced to three years in federal prison, followed by three years of supervised release, for his role in a multi-million-dollar tax scam. According to court documents filed in the U.S. District Court in the District of New Jersey on Friday, Schwartz was convicted on “willful […]
Aubrey B. Preston was named chairman and CEO of Life Care Centers of America on Wednesday. This follows Preston’s appointment as the legal conservator of his father, previous CEO and founder Forrest Preston, after a court decision in March. “We’re excited to welcome Aubrey Preston to our leadership team as Chairman and CEO,” the company […]
The Department of Health and Human Services (HHS) funding cuts – only temporarily restored by a federal court – would be detrimental to nursing homes in many states if made permanent. Pennsylvania, New York, California, Wisconsin and Minnesota are among the states named in a multi-state lawsuit, which aims to block the Trump administration from […]
For nursing home providers, lean times demand extracting financial gains by not only using new service lines but also value-based care options more effectively, while thinking outside the box to apply multiple uses for technology currently being deployed. Nicole Kaufman, chief transformation officer at Genesis HealthCare, stressed the importance of clinical integration and deploying third-party […]
Larger nursing home chains have been selective in making acquisitions amid an abundance of facilities for sale. However, now seems to be a good time for growth, as several industry players announced on Wednesday the acquisition of nursing homes and other long-term care assets. Ensign and CareTrust partnered in a transaction involving a California-based campus […]
PACS Group (NYSE: PACS) finally signaled progress in an ongoing federal investigation and internal audit of its billing practices, and also announced plans to extend the deadline for key financial reporting requirements. In a filing with the Securities and Exchange Commission (SEC) Tuesday, PACS said there’s “substantial progress” in the investigation, and its personnel are […]
Budweiser. Hellman’s mayo. Doritos. Polaris Rehabilitation and Care Center. Someone watching the 2025 Super Bowl in the state of Wyoming may have seen commercials for all of the above during the game. The Polaris ads are instructive when considering larger marketing trends at play for nursing homes, including the push for “edutainment” and the need […]