Nursing homes and continuing care retirement communities (CCRCs) made up $191.3 billion of national health expenditures in 2022, an increase from $181.1 billion in 2021, reaching levels close to the onset of the Covid-19 pandemic. Pre-pandemic, such expenditures sat between $162 billion and $174.1 billion between 2016 and 2019, according to a survey published by […]
Category: Finance
As the skilled nursing industry heads toward a new year with continued labor shortages and reimbursement gaps, service repositioning and closures among operators are expected trends for the space. And although there are signs of positivity in the form of increased Medicaid reimbursement in some states, extensive rural closures are creating “nursing home deserts” and […]
Decades-long underfunding of nursing homes continues to create unnecessary hardships for aging Americans as access issues deepen. And yet, attempts to change the current financial system have fallen on deaf ears. In an effort to get the attention of lawmakers in Washington, LeadingAge President and CEO Katie Smith Sloan took aim with this view at […]
York Capital Management’s private equity arm, York Private Equity, entered into a strategic growth partnership with Comprehensive Rehab Consultants (CRC), a physiatry, psychiatry, and care transition group. “We chose York as our partner given their long-term, collaborative approach and proven experience supporting businesses in the post-acute healthcare industry. This partnership will allow CRC to broaden […]
Omega Healthcare Investors (NYSE:OHI) disclosed that two of its operators failed to meet their contractual rent obligations in November, raising concerns about the potential impact on the company’s fourth-quarter funds available for distribution. During the company’s third quarter 2023 earnings call previously, Omega had announced that it sold 29 LaVie facilities for gross proceeds of […]
Healthcare Real Estate Investment Trusts (REITs) specializing in post-acute care facilities experienced “disappointingly flat” occupancy rates in November, according to investment analysts. BMO Capital Market’s Juan Sanabria highlighted the challenges faced by skilled nursing facilities (SNFs) in maintaining growth, with market share loss to home health. The Centers for Medicare & Medicaid Services (CMS) data […]
The costs of long-term care in every setting, including nursing homes, is considered out of reach for most seniors, averaging more than $100 per day nationwide. This is coupled with the fact that the majority of older adults with very low incomes will need such services and have the fewest resources to pay for them. […]
The skilled nursing sector made significant strides in recovery nationally, with positive trends in occupancy rates and demand for care. However, challenges such as labor shortages and constrained liquidity continued to shape the industry landscape. This is according to Marcus & Milichap, a commercial real estate brokerage firm, which issued its latest national report. The […]
Curana Health is set to broaden its collaboration with Ciena Healthcare to introduce an I-SNP (Institutional Special Needs Plan) model to residents across Ciena’s 31 facilities throughout Michigan. In this expanded partnership, Align Senior Care, a wholly-owned subsidiary of Curana Health, will provide upgraded benefits and on-site preventative clinical care tailored for Medicare-eligible residents within […]
The U.S. News & World Report’s 2024 Best Nursing Homes ratings released Tuesday reveals that only fewer than 5% of nursing homes across the country will meet both the current federal staffing requirements and the newly proposed standards by the Biden administration. The report comes on the heels of the end of the comment period […]
In a recent investor survey conducted by Cushman & Wakefield, more than 90 leaders in the U.S. Seniors Housing and Care industry shared their insights providing takeaways that shed light on the current and future state of nursing homes across the nation. The report suggests that increased transaction activity can be anticipated going into 2024, […]
Cost of capital, occupancy recovery across all assets and the minimum staffing proposal were top of mind for National Health Investors Inc. (NYSE: NHI) during its third quarter earnings call on Wednesday. NHI CEO Eric Mendelsohn said there was a bit of a fakeout in terms of occupancy recovery last December, with operators saying there […]
During the third quarter of 2023, Sabra Health Care REIT (Nasdaq: SBRA) generated $80 million of gross proceeds from the disposition of 13 skilled nursing and two senior housing facilities. The bulk of dispositions now could be past, industry analysts noted. “While the REIT is still selling some assets, we believe the bulk of the […]
Welltower Inc. (NYSE: WELL) continues to ramp up acquisitions to increase bottom line growth, including investment in skilled nursing facilities, with about $600 million earmarked for SNF deals in the upcoming financial quarters. The Ohio-based real estate investment trust (REIT) recently announced $2 billion in potential deals tied to the launch of an equity offering, […]
More than two months after the Centers for Medicare & Medicaid Services (CMS) announced its minimum staffing proposal for the skilled nursing industry, commentary from stakeholders came to a close Monday with a staggering 40,000-plus comments received. Reviewing the hefty load of comments on the proposal may take as long as a year, according to […]
Occupancy for skilled nursing facilities (SNFs) increased nationally by 40 basis points month-over-month through October 22, 2023, following a prior increase of 15 basis points, according to BMO Capital Markets’ analysis on SNF REIT occupancy data for October. Real estate investment trusts (REITs) have been outperforming this overall increase, with a 45 basis point rise […]
The Centers for Medicare & Medicaid Services (CMS) aims to further advance its overall value-based care strategy with the finalized 20224 Medicare Physician Fee Schedule (PFS) – adding ways for medically complex, high-cost beneficiaries like those in nursing homes to participate in Medicare Shared Savings Programs (MSSPs). Additionally, CMS therapy assistants can be more generally […]
Omega Healthcare Investors (NYSE: OHI) has sold 29 LaVie facilities for gross proceeds of $305 million. This Nov. 1, 2023, sale marked a substantial reduction in Omega’s exposure to LaVie assets, decreasing associated risk, CEO Taylor Pickett said Friday during the company’s Q3 2023 earnings call. Also on the call, leaders with Omega commented on […]
As nursing home operators continue to decry staffing shortages as a contributor to access issues for residents, new construction of facilities to meet demand appear to be lagging as well. New construction has become especially difficult for operators trying to add Medicaid beds for low income residents, given notoriously low reimbursement rates – which are […]
While Welltower Inc. (NYSE:WELL) was primarily focused on non-skilled nursing assets in the third quarter, it nevertheless completed some large SNF acquisitions worth over $400 million during the quarter. The Ohio-based REIT acquired 24 long-term post-acute care properties in Q3, totaling 2,897 beds at $140,000 per bed. “Next, same-store NOI and our long-term post-acute [ph] […]
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