Sabra Sues for Control of Senior Care Centers Properties Amid $385M Sale

Sabra Health Care REIT (Nasdaq: SBRA) this week filed a lawsuit seeking control over 38 properties operated by Senior Care Centers, which entered Chapter 11 bankruptcy protection earlier this month. In a filing submitted to the U.S. Bankruptcy Court for the Northern District of Texas, lawyers for the real estate investment trust (REIT) accused Senior […]

CMS Looks to Expand 3-Day SNF Waivers, Encourage Risk with New ACO Models

The Centers for Medicare & Medicaid Services (CMS) on Friday finalized its new set of rules for accountable care organizations (ACOs), removing the no-risk tracks that represented financial drains on Medicare and expanding three-day stay waivers for nursing homes. Under the new “Pathways to Success” model, most new ACOs will only have two years to […]

Three-SNF Sale in Tennessee; Athena Health Care Systems Buys Connecticut SNF

Benedictine Health System Buys Nursing Home It Operates in Minnesota The ownership transfer of Benedictine Living Community, a nursing home in St. Peter, Minn., to Benedictine Health System was finalized by the City Council last week, The Mankato Free Press reported Tuesday. The move also terminated the old lease for the property. Benedictine Health System […]

Happy Holidays from Skilled Nursing News

From all of us here at Skilled Nursing News and the other publications of Aging Media Network, we’d like to wish our readers a happy and bright holiday season — no matter what celebrations the next few weeks might have in store. In observance of Christmas and New Year’s Day, SNN will not publish from […]

CareTrust Buys Colorado SNF for $19.6M, Marking Another Expansion with Eduro

CareTrust REIT, Inc. (Nasdaq: CTRE) on Thursday announced the acquisition of a 154-bed skilled nursing facility in Parker, Colo., which will be operated by the Salt Lake City-based Eduro Healthcare, LLC — the latest step in a growing partnership between the operator and the real estate investment trust (REIT). The SNF, which was built in […]

Last Chance — 2019 Outlook Survey

The team at Skilled Nursing News (SNN) is looking ahead to 2019 and would like to get your input with our 2019 Outlook Survey. Complete this brief, 10-question survey by December 24th and you will be entered into a drawing to win a $100 eGift card. All responses gathered shall remain confidential and your information will not be used […]

Sabra’s ‘Genesis Exodus’ Nears Completion with $75.7M Sale of 13 SNFs

Sabra Health Care REIT (Nasdaq: SBRA) on Wednesday announced the sale of 13 more skilled nursing facilities operated by Genesis Healthcare (NYSE: GEN), leaving just three more to sell before the real estate investment trust (REIT) completes its long-planned divestiture of Genesis assets. Four of the Genesis-leased facilities sold last week for $38.6 million, with […]

White Oak Picks Up $700M Portfolio of Skilled Nursing, Senior Housing Loans from Capital One

White Oak Healthcare Finance on Wednesday made another major splash in the long-term care world, announcing the acquisition of a $700 million portfolio of 12 loans associated with skilled nursing and senior housing properties. The investment company — a subsidiary of the San Francisco-based alternative asset management firm White Oak Global Advisors — bought the […]

Long-Term Care Providers Drive Growth in Special Medicare Advantage Plans

SNN presents this guest analysis from Anne Tumlinson and Elizabeth Walsh of Anne Tumlinson Innovations. Health care providers selling Medicare Advantage (MA) products isn’t a new trend, but typically “providers” refers to hospitals, health systems, or physician groups. Few would expect nursing homes and assisted living operators to be able or willing to manage health care […]

County SNF Expands Services to Survive; REIT Snaps Up West Virginia Building

Birchwood Sells West Virginia SNF/ALF to Public REIT Blueprint Healthcare Real Estate Advisors announced the sale of a skilled nursing and assisted living facility, Madison Park Healthcare in Huntington, W.V., to a public real estate investment trust (REIT). Blueprint arranged the sale for the seller, Birchwood Healthcare Partners, which focuses on seniors housing and nursing […]

Predict the Future: Participate in SNN’s 2019 Outlook Survey

The team at Skilled Nursing News (SNN) is looking ahead to 2019 and would like to get your input for our 2019 Outlook Survey. Complete this brief, 10-question survey about some of the issues facing the industry in the coming year — from the Patient-Driven Payment Model (PDPM) to M&A strategies — and you will be entered into a […]

Looking Ahead to the Top Skilled Nursing Trends of 2019

We’ve made it to the end of 2018, which will likely go down as one of the most eventful years in the history of the long-term and post-acute care industry. Between the first round of Value-Based Purchasing penalties taking effect and the rapid rollout of the Patient-Driven Payment Model (PDPM), it’s probably a safe bet […]

As Lengths of Stay Decline, Drug Costs Loom Larger in Skilled Nursing

Escalating drug costs have made headlines in the health care sector at large in recent months, and as patient length of stay (LOS) declines, skilled nursing facilities are particularly feeling the pinch due to their unique supply requirements. For Transitional Care Management, which has two skilled nursing locations in Illinois, the average cost of medications […]

Showcase Your Thought Leadership with Hosted Webinars

Skilled Nursing News (SNN) readers are the decision-makers driving the future of skilled nursing. Engage with them in 2019 through our webinar programs, which allow you to educate readers on the topic of your choosing. Webinars are the best way to showcase your expertise in front of SNN readers. No publication in the industry reaches a greater […]

Greystone’s $24M Deal in the Bronx; SNF-to-Behavioral Conversion in Mass.

Greystone Lands Nearly $24M Loan for Bronx Building Lending and advisory firm Greystone originated a $23.9 million loan to refinance the 200-bed Eastchester Rehab & Health Care Center in the Bronx, N.Y. The transaction represents a permanent financing of the property through the Federal Housing Administration, with a 30-year term. Eastchester Realty Associates will use […]

Families Prefer Non-Profit, Non-Chain Nursing Homes with Strong Staffing

Families of residents feel better about care in nursing homes if the property has a non-profit owner, features higher than average registered nurse (RN) staffing, and isn’t part of a chain — at least according to the results of a new study that attempts to quantify some of the more qualitative reasons why people choose certain […]

Wave of PDPM Sell-Offs Has Already Begun in Skilled Nursing

With the Patient-Driven Payment Model (PDPM) looming in 2019, some skilled nursing facilities have already decided to make their exit rather than deal with the challenges of the new Medicare payment system. “I know of a number of buildings in northern California that have already started to transition,” Mark Lamb, the chief investment officer at […]