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 […]
The sale of the county-run Pleasant Acres Nursing and Rehabilitation Center nursing home in York County, Penn., generated about $33.5 million — and while most of that money has to be used for unfunded retirement benefits for nursing home employees, the York Dispatch reported, the county still came out ahead. Of the proceeds of the sale […]
Gary Blake, the co-founder of the Texas skilled nursing operator Creative Solutions in Health Care, sees history repeating itself as the year turns over and the industry prepares for the new Patient-Driven Payment Model (PDPM). He started the company with Malisa Blake-Deane in the year 2000 with one facility. Now the company manages 62 skilled nursing […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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 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 […]
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 […]
Despite having the oldest population of any state, Maine has seen its total number of nursing homes plummet in recent years amid reimbursement and staffing pressures — with 2018 ranking as the worst ever. Six nursing homes closed in the New England state this year, according to a Wednesday report from the Bangor Daily News, […]
The team at Skilled Nursing News (SNN) is looking ahead to 2019 and would like to get your input for the 2019 Outlook Survey. We’ll be releasing the results of this survey to all SNN readers in early January. All responses gathered shall remain confidential and your information will not be used in any identifiable manner. […]
What’s measured is managed. And for those in senior care, what’s measured is also what drives operational success. Download our free whitepaper, Labor Metrics That Matter In Senior Care for a breakdown of the metrics every senior care operator should have in their KPI scorecard, including those that can help your organization: Increase operational efficiencies […]
The nation’s skilled nursing facilities saw a slight uptick in occupancy between the second and third quarters of 2018, though census remains well below the previous year’s totals — and analysts stress that it’s not time to celebrate the gain as a Christmas miracle just yet. SNFs were 82.2% full in the third quarter of […]
Mozart Healthcare acquired seven skilled nursing facilities in Texas with 1,004 beds, for $32 million, the Skokie, Ill.-based company announced this week, adding to its presence in the Lone Star State. The facilities were acquired from a national operator, which was not disclosed. The transaction is the fifth deal Mozart has closed in the state, as […]
Centers Moves Forward on Hospital Conversion Nearly five years after buying a defunct hospital in Brooklyn, Centers Health Care is nearing completion on a skilled nursing conversion project. Formerly St. Mary’s Hospital, the 280-bed facility in the Crown Heights neighborhood had sat vacant since a 2005 bankruptcy, according to a report on the local news site […]
Five Star Senior Living (Nasdaq: FVE) president and CEO Bruce Mackey is stepping down at the end of December, the Newton, Mass.-based provider announced Tuesday. Katherine Potter, who currently serves as Five Star’s executive vice president and general counsel, will assume the roles of president and CEO effective New Year’s Day. Potter first joined Five Star in 2012; […]
In less than six months, a skilled nursing provider in the Pacific Northwest cut hospital readmissions by 60%, and its director of data analytics credits a novel pilot partnership with a growing software provider. Starting in May, the Milwaukie, Ore.-based Marquis Companies rolled out Collective Medical software at three facilities in Oregon; at the time, […]
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