Health System, Hospital Acquisitions Show Nursing Homes Still a ‘Critical Ally’

A number of new partnerships have formed between health systems and skilled nursing facilities centered on offering consumers access to new services or services that require specialized skill sets. “A high-performing SNF is a critical ally for health systems, particularly those that are focused on performance in value-based care arrangements or looking to enable earlier […]

Why HUD Financing May Be the Vehicle to Drive Skilled Nursing Innovation

If there’s one financial backing source that’s become a favorite among nursing home owners it’s U.S. Department of Housing and Urban Development (HUD) funding. Even still, it may come with some limitations. HUD loans can be used to purchase, build, refinance or remodel nursing homes, among other health care facilities, and their utilization in the […]

Ziegler Closes $24,405,000 in Financing for Eliza Jennings; Blueprint Facilitates Sale of Minnesota SNFs

Specialty investment bank Ziegler closed on Series 2022A Bonds for Ohio-based not-for-profit senior care provider Eliza Jennings. Eliza Jennings owns and operates three senior living campuses with a combined total of 216 skilled nursing beds, 175 independent living apartments and villas and 89 assisted living units. The Renaissance, located on 88 acres in Olmsted Falls, […]

American Hospital Association Blasts ‘Fundamental Flaws’ in Unified Post-Acute Payment Model Draft

The draft version of a unified Medicare payment model for post-acute care contains “numerous fundamental flaws.” That’s according to a statement issued late last week by the American Hospital Association (AHA). Among those flaws, AHA cited the lack of a workable risk adjustment approach and missing reforms outlined by the Centers for Medicare & Medicaid […]

Nursing Homes Score Win With 17.5% Medicaid Increase in Pennsylvania for 2023

Some lawmakers are listening to calls for help from the nursing home industry, at least at the state level. Pennsylvania Governor Tom Wolf recently approved a Medicaid reimbursement increase of 17.5% for the state’s nursing homes for next year, translating to an increase of around $35 per resident per day. The increase to the state’s […]

Nursing Home Industry Adds 5,400 Jobs in June

Hiring in the health care field continues to grow as employers in the sector saw an estimated 56,700 more jobs in the month of June. Nursing care facilities specifically added 5,400 workers last month, according to Bureau of Labor Statistics (BLS) data, but the industry still employs more than 200,000 fewer workers compared to pre-Covid […]

‘Related Company’ Investments Lead to Nursing Home Profit but Raise Questions About Care Quality

An estimated 72% of New York’s 394 for-profit nursing homes do business with companies that have common or overlapping ownership, a recent report from the Empire Center for Public Policy reveals. The report showed that payments from for-profit nursing homes to these related companies totaled almost $1.1 billion, or 16% of their total expense for […]

CMS Issues Guidance on Five-Star Staffing Measures

Guidance on staffing measures tied to the five-star rating system was released on Thursday – the Centers for Medicare & Medicaid Services (CMS) updated its staffing measures to include three on staffing levels and three on staff turnover. Total nurse staffing hours per resident per day on weekends, in addition to previously announced nurse turnover […]

Skilled Nursing Occupancy Rates Continue to Rise in Q2

Nursing home occupancy continues to climb from its pandemic low of 74% in the first quarter of 2021 – the data point currently sits at 78.5%. NIC MAP Vision reported a 0.9 percentage point increase for skilled nursing census during the second financial quarter, but the number remains below pre-pandemic levels of 86.6%. That’s an […]

CareConnectMD Wraps $25M Funding Round; VIUM Capital Closes $1.1B in Deals in Q2

The investment will be used to deepen the company’s presence in California, Ohio and Texas, in addition to expanding into other markets, according to a news release. CareConnectMD provides primary and palliative care to high-risk populations in care environments such as the home and skilled nursing facilities. CareConnectMD is currently one of only eight high-needs […]

White Oak and CareTrust Partner in $582M, 18 Nursing Home Deal

A portfolio of 17 existing skilled nursing facilities in West Virginia changed hands this week in a $582 million deal involving a joint venture between a skilled nursing real estate owner and a large regional operator of post-acute facilities. Ohio-based CommuniCare Health Services took over operations of Stonerise, expanding the company’s reach in its home […]

Nursing Home Deal Activity on Track For Record Setting Year

Mergers and acquisitions in the nursing home sector made up a staggering 40% of all senior care deals in June – a surprising jump compared to April and May, which saw 42.5% in SNF deals for both months combined. “We know the buyer interest is there, so this means more SNF owners got off the […]

Hospitals in Areas With More SNF Beds Found to Have Lower Readmission Rates

Some healthy competition may be good for nursing home providers. At least that’s what Kevin Griffith, assistant professor in the Department of Health Policy at Vanderbilt University Medical Center and an investigator at the Partnered Evidence-based Policy Resource Center, found when looking at hospital discharge patterns. In a study published in Health Affairs this month, […]