Leaders with PACS Group (NYSE: PACS) anticipate reporting record revenue and earnings for the first half of the year. “Over the last year, we have maintained strong employee retention levels in our operations, and our team has remained steadfast in its commitment to our mission of revolutionizing the delivery, leadership, and quality of post-acute care,” […]
Category: Finance
An affiliate of National HealthCare Corporation (NYSEAMERICAN: NHC) is in default under its master lease with National Health Investors (NYSE: NHI) due to non-compliance with certain non-monetary provisions. The NHC affiliate operates 32 skilled nursing facilities (SNFs) and three assisted living facilities in the NHI portfolio, according to a Securities and Exchange Commission (SEC) document […]
PACS Group (NYSE: PACS) is seeking a new chief financial officer following the resignation of Derick Apt. This marks a C-suite change for one of the nation’s largest nursing home companies, as independent subsidiaries of PACS operate more than 300 post-acute and senior living facilities across the country. Apt tendered his resignation at the request […]
By Kristin Carroll This roundup of skilled nursing deals includes a mix of action from REITs, the recapitalization of a 13-property portfolio, and a pre-seed funding round for an AI platform. Read on to learn more. Capital Funding Group Closes $50.3M Delayed Draw Bridge-HUD Loan Healthcare and multifamily lender Capital Funding Group (CFG) announced the […]
One of the nation’s largest nursing home companies, PACS (NYSE: PACS), has entered into a forbearance agreement with lenders as well as landlord Omega Healthcare Investors (NYSE: OHI), and is also undergoing a change in executive leadership. Effective as of Aug. 15, P.J. Sanford exited as PACS’ president, the company announced in a filing with […]
Amid economic uncertainty and a phased rollout of significant federal funding cuts over the next three to five years, future reimbursement projections appear grim, and nursing homes shouldn’t delay dealmaking, especially if operators are planning to sell. This view is held by financial experts who note that while the so-called One Big Beautiful Bill Act […]
Greystone provided a $64.9 million bridge loan for a portfolio in Pennsylvania. Meanwhile, Blueprint advised on the sale of a skilled nursing and senior housing portfolio in Ohio and Kentucky for an undisclosed amount. Greystone Provides $64.9M for PA Portfolio Commercial real estate finance company Greystone provided a $64.9 million bridge loan for a health […]
CareTrust REIT (NYSE: CTRE) continued its aggressive expansion in the second financial quarter and beyond, adding 10 nursing homes to its roster on the heels of a transformative acquisition of Care REIT. And, a robust pipeline of about $600 million is currently made up mostly of skilled nursing opportunities, CEO Dave Sedgwick said in a […]
Strong revenue management and favorable payor mix at Trilogy assets helped drive a solid second-quarter performance for American Healthcare REIT (NYSE: AHR). And the outlook is only expected to get rosier in the months ahead for the Irvine, California-based real estate investment trust (REIT), executives said Friday. “As we move into the second half of […]
A bill in Pennsylvania that would increase oversight of nursing home acquisitions by private equity is now stalled in a Senate committee. The bill, which passed the state House in June and applies to all health care acquisitions, was prompted by recent hospital closures and the bankruptcy of Genesis HealthCare, whose private equity ties drew […]
Turnover rates in U.S. nursing homes declined overall in 2025, while salaries for clinical roles and leaders saw a slight increase. This is according to the 2025–2026 Nursing Home Salary & Benefits Report released Tuesday by the Hospital & Healthcare Compensation Service (HCS). The report notes that average annual salaries rose across roles in 2025. […]
The One Big Beautiful Bill Act (OBBBA) has been a “non-issue” for Sabra Health Care REIT (Nasdaq: SBRA) when it comes to dealmaking conversations. The sector also appears to be in a different place now, given the continued decline in supply relative to occupancy, Sabra CEO Rick Matros said Tuesday. The skilled nursing sector’s lobbying […]
LTC Properties (NYSE: LTC) is under contract to sell seven skilled nursing facilities (SNFs) tied to an unnamed operator in the second quarter, as part of its broader goal to reduce exposure to older nursing homes in favor of senior housing, LTC executives said Tuesday. The disposition of these properties, which the unnamed operator chose […]
The Ensign Group, Inc. (Nasdaq: ENSG) announced Monday that it is expanding its footprint across California, Wisconsin and Iowa. The acquisitions in California were effective on August 1, 2025, and are subject to new triple net lease arrangements with affiliates of CareTrust REIT (NYSE: CTRE) and International Equity Partners. “We are thrilled to get this […]
Omega Healthcare Investors (NYSE: OHI) raised its earnings guidance despite the bankruptcy filing of its nursing home tenant, Genesis Healthcare, with executives on Friday citing confidence in the company’s reorganization plans and ability to meet rent obligations. “With our strong acquisition pipeline, a favorable operating environment and over $2 billion in liquidity with very low […]
The Centers for Medicare & Medicaid Services (CMS) finalized its 2026 Skilled Nursing Facility Prospective Payment System (SNF PPS) rule, approving a net increase of 3.2%, or approximately $1.16 billion in Medicare Part A payments for next year. It’s a jump compared to the proposed 2.8% increase released by CMS in April. For fiscal 2026, […]
With Medicaid already falling short of covering the cost of care in nursing homes, the One Big Beautiful Bill Act (OBBBA) will exacerbate a lot of issues already seen in the sector, driving providers to close, reducing access to services and worsening the workforce shortage. Nursing home association LeadingAge and operator A.G. Rhodes joined Sen. […]
Launching a brand new nursing home business right now is not for the faint of heart. But for those with deep clinical and operational expertise – and a mission to help the industry evolve – it’s worth the struggle. Kimberly Green, founder of Sage Integrated Health, aims to do just that, drawing from more than […]
MONTICELLOAM closed $218 million in financing for a portfolio of 18 skilled nursing facilities across Kentucky, along with $217 million in bridge loans for four SNFs in New York. $218M in financing for 18 SNFs in Kentucky MONTICELLOAM announced the closing of $218,300,000 in combined bridge, mezzanine, and working capital financing for 18 skilled nursing […]
The Ensign Group (Nasdaq: ENSG) expressed gratitude that the skilled nursing industry was largely protected from direct cuts to Medicaid in the One Big Beautiful Bill Act (OBBBA). Mission Viejo, California-based Ensign plans to use its good working relationships with state legislators and governors’ offices to remind those in power of how important funding for […]
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