Post-Acute Facilities Feel Short-Term COVID Pain, But May Have the Easiest Path Back

Prior to the start of the COVID-19 pandemic, skilled nursing facilities that specialize in post-acute care were a rare target of true investor excitement in the greater institutional senior care continuum. With a shiny new Medicare payment model that gave providers more financial credit for the high-acuity services they’d increasingly added over the years, and […]

Genesis Receives Continued Listing Standard Warning from NYSE as Stock Stays Below $1

Genesis HealthCare (NYSE: GEN), the largest publicly traded post-acute and long-term care provider in the country, on Thursday announced that it has received a continued listing standard notice from the New York Stock Exchange after its shares dropped below $1 for more than 30 consecutive trading days. The Kennett Square, Pa.-based nursing home giant can […]

Top Tips for Securing PPE — and Avoiding Scams — as Nursing Homes Navigate COVID-19 Backlogs

As skilled nursing operators battle to elevate their place on the priority list for personal protective equipment (PPE) and other resources to battle the COVID-19 pandemic, they have to combat the forces of supply and demand that have ravaged health care facilities across the world. This includes problems with prices skyrocketing and supplies plummeting, as […]

Six-SNF Sale in Arkansas; $12.4M HUD Loan in New Jersey

Newmark Knight Frank, a commercial real estate advisory firm, this week announced the sale of six skilled nursing facilities in the state of Arkansas. The portfolio had an average occupancy of 82%, with a total of 868 beds. The properties had an “average vintage” of 1985, according to the release announcing the deal, which was […]

Nursing Home at Center of National COVID-19 Conversation Has Skyline Connection: Report

A facility in New Jersey that made national headlines after the New York Times reported on a wave of COVID-19 deaths among its residents has a connection to the defunct Skyline Healthcare nursing home chain — a company whose spectacular collapse spurred calls for greater transparency around nursing home ownership across the country. Louis Schwartz, […]

SNFs Could Face Fines of $1K Per Week For COVID-19 Reporting Violations

Nursing homes will soon have to start reporting all positive COVID-19 cases to the Centers for Disease Control and Prevention (CDC) – and could face civil monetary penalties (CMPs) for not meeting the reporting requirements. Centers for Medicare & Medicaid Services (CMS) administrator Seema Verma said on a Monday morning call with reporters that skilled […]

Ziegler’s $67M Skilled Nursing Portfolio Deal; Monticello’s $66M Acquisition Funding

Chicago-based specialty investment bank Ziegler this week announced the successful sale of a three-building skilled nursing portfolio on behalf of former owner Emerald Shelter Group. The buyer, a joint venture between an owner-operator group and a private equity firm, paid $67 million for the three properties in Wilmington, Newark, and Lewes, Del. Based in Nashville, […]

PPE Shortages to Play Central Role in Future Nursing Home Lawsuits

Problems with securing sufficient quantities of personal protective equipment (PPE) span the health care continuum, but in the skilled nursing setting, many providers are grappling with severe shortages — even as they try to contain a contagious disease that presents unique dangers to their patient population. Widespread shortages of masks and gowns, coupled with a […]

PPE Prices Jump More Than 1,000% for Nursing Homes — With Markup on Some Masks Exceeding 6,000%

If skilled nursing facilities want to follow federal guidelines on caring for their residents during the COVID-19 pandemic, they could find themselves paying staggering amounts for the required personal protective equipment — with prices rising more than 1,000% from before the pandemic to now. That’s according to an April 7 cost analysis from the Society […]

LTC’s Simpson: COVID-19 Could Drive Private Equity Investors Away from Skilled Nursing

Private equity dollars have driven the conversation in skilled nursing over the last few years, as the publicly traded real estate investment trusts (REITs) looked to cut their dependence on government-reimbursed tenants. But the COVID-19 pandemic could shake that up, at least according to LTC Properties (NYSE: LTC) CEO Wendy Simpson. “We are thinking that […]

Skilled Nursing Facilities Could Soon See $1.5B Under CMS’s Emergency Relief Plan, With More on the Way

The federal government this week announced that hospitals and other Medicare-reimbursed health care providers will receive the first disbursements from a $100 billion emergency COVID-19 stimulus fund. For skilled nursing facilities that primarily derive their income from Medicare, the windfall could be significant. “We estimate an allocation of about $1.5 billion to skilled nursing based […]

Sabra Sells Pair of Genesis Skilled Nursing Facilities; SLIB Pulls Off Sale Despite COVID-19 Market Pressures

Sabra Health Care REIT (Nasdaq: SBRA) late last week announced the sale of two facilities operated by publicly traded skilled nursing giant Genesis HealthCare (NYSE: GEN). The Irvine, Calif.-based real estate investment trust (REIT) sold the properties, both located in Montana, to an undisclosed buyer for a total price of $14.4 million — which included […]

Amid Shortages, Using PPE According to CMS Guidelines Could Cost Nursing Homes $10K a Day — Or More

Updated guidelines on the use of personal protective equipment (PPE) are causing major headaches for health care providers across the continuum, as both acute and post-acute care settings grapple with supply shortages and a surge in cases of COVID-19. Those headaches include grappling with significant shortages of equipment in the face of the highly contagious […]