The Ensign Group (Nasdaq: ENSG) and its captive real estate company Standard Bearer REIT acquired five skilled nursing facilities in Texas for undisclosed amounts, between Jan. 31 and Feb. 3. Standard Bearer exercised its purchase option for Texas properties Beacon Harbor Healthcare & Rehabilitation, a 190-bed facility, along with 126-bed Pleasant Manor Healthcare & Rehabilitation, […]
Category: Finance
Days after the Trump administration issued an executive order to freeze federal aid, it has been rescinded. The order affected Medicaid funding, with at least 20 states on Tuesday unable to draw funds. More than six out of 10 nursing home residents rely on Medicaid to cover their daily care; it’s a critical safety net […]
Late Tuesday, a federal judge blocked a funding freeze issued by the White House Office of Management and Budget (OMB) that aimed to temporarily pause federal grants and loans. The freeze could have affected trillions of dollars in government spending and potentially impacted the nursing home sector as many public programs were halted. U.S. District […]
MonticelloAM Closed on a $73.2 million bridge and working capital loan for an Ohio provider, while Blueprint closed on the sale of Samaritas Senior Living Cadillac for an undisclosed amount. MonticelloAM Closes $73.2M in Bridge and Working Capital for Ohio Portfolio MonticelloAM announced the closing of $73.2 million in total bridge and working capital financing […]
Older Americans that entered Medicare after the introduction of the Affordable Care Act (ACA) were found to have less hospitalizations, a reduction in medication use for chronic disease, and less out-of-pocket costs, compared to those that were on Medicare prior to ACA. Nursing home care was counted in out-of-pocket costs in a study published Friday […]
CIBC Bank USA provided a $67 million term loan to finance the acquisition of five skilled nursing facilities and refinance 21 skilled nursing and assisted living facilities in Wisconsin. Meanwhile, a skilled nursing portfolio of 29 facilities in the Southeast received $22 million in funding from MONTICELLOAM. CIBC Bank USA provided a $67 million for […]
The Centers for Medicare and Medicaid Services (CMS) proposed a 4.33% increase in payments to Medicare Advantage plans for 2026, which could have an overall positive trickle-down effect on nursing homes. Expected to be finalized under President-elect Donald Trump’s administration, this slight payment boost comes after MA providers faced a modest rate reduction for 2025. […]
The Centers for Medicare and Medicaid Services (CMS) plans to offer up to $20 million to boost the registered nurse (RN) workforce in nursing homes, but this, along with the agency’s Nursing Home Staffing Campaign, misses the mark on many levels, according to operators. This funding grants nursing students seeking to become RNs up to […]
Average occupancy for the nursing home sector grew slightly to 80.5% towards year-end, posting a 10-basis-point increase month over month. Over the course of last year, occupancy levels showed a recovery back to pre-pandemic levels. Moreover, according to Stephens Inc.’s latest figures updated through Dec. 1 and released Wednesday, average occupancy for two large sector […]
Nursing home care spending grew by 8.9% year over year, largely driven by demand – not price increases for skilled services – with the sector also showing job gains, according to the latest data on health care spending. Two-thirds, or 5.9%, of this bump in spending for nursing home care was due to increased utilization […]
Indiana-based Majestic Care added six properties in Ohio to its portfolio. Meanwhile, Ensign announced its part in a recent acquisition of Alabama and Tennessee properties formerly operated by American Health Communities and Rehab America. Majestic Care Adds Six Nursing Homes in Ohio Indiana-based Majestic Management added six long-term care facilities to its portfolio effective Dec. […]
Omega Healthcare Investors (NYSE: OHI) announced changes in key leadership positions on Monday, appointing Matthew Gourmand as its president and Vikas Gupta as chief investment officer. In addition, Dan Booth has stepped down as COO after 23 years in the position. Booth will serve as a consultant for the next year. Gourmand and Gupta were […]
Connecticut-based iCare Health Network announced Phil Sterling as its new CEO on Friday, replacing Chris Wright. Wright was iCare’s president and CEO for nearly 25 years. Wright, who has served as the American Health Care Association’s (AHCA) vice-chair since 2023, will continue as chairman of iCare’s board. Among other board service, Wright served as president […]
Welltower Inc. (NYSE: WELL) announced several executive promotions on Thursday, appointing Nikhil Chaudhri and Tim McHugh as the company’s co-presidents. In addition to their roles as joint presidents, Chaudhri will also serve as chief investment officer (CIO), after having overseen $11 billion in global investments over the years, while McHugh will also continue his role […]
Construction lending in the nursing home sector remained “virtually nonexistent” with no activity in the first half of the year among lenders, highlighting a continued lack of momentum in this area. A high cost of borrowing and uncertainties around operational challenges further constrain new development, according to a report recently published by the National Investment […]
Strawberry Fields to Buy Facilities in Kansas for $24M Strawberry Fields REIT (NYSE American: STRW) is set to purchase six long-term care facilities in Kansas for $24 million using current working capital, consisting of five nursing homes and one assisted living property. All 354 licensed beds will be leased to Advena Living, led by Willie […]
The “flywheel is racing” for CareTrust REIT (NYSE: CTRE), CEO David Sedgwick said in announcing a renewed and doubled unsecured revolving credit facility at $1.2 billion. The San Clemente, Calif.-based real estate investment trust is on pace to close on approximately $1.5 billion of investments this year, almost seven times its annual average, Sedgwick said […]
The Ensign Group (Nasdaq: ENSG) will be adding eight facilities from Providence Home and Community Care across four states: Alaska, Washington, Oregon and California. This marks the first time the San Juan Capistrano, California-based company is expanding into Alaska and Oregon, Ensign Chief Investment Officer Chad Keetch said in a statement. This brings Ensign’s growing […]
Nursing care and continuing care retirement communities (CCRCs) saw spending grow 9.5% in 2023, the highest it’s been since a big Covid-year surge in 2020 of 11.8%. The space experienced a bit of whiplash between 2020 and 2023, dropping to negative 6.4% growth in 2021 and then 5.9% growth in 2022, according to the national […]
The PACS Group closed on a 11-facility skilled nursing portfolio in Tennessee for an undisclosed amount, while CFG closed out five deals totaling $54 million in the last two months. PACS Group Closes on Tennessee Portfolio Sale The PACS Group (NYSE: PACS) on Dec. 1 closed on the operations of 11 skilled nursing facilities in […]
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