The Centers for Medicare & Medicaid Services (CMS) on Tuesday provided details on the upcoming transition to the new Medicare payment model for skilled nursing facilities — as well as its key areas of scrutiny as the industry makes the switch. In a Medicare Learning Network call, CMS officials discussed the inner workings of the […]
Time: 1:00pm-2:00 pm Central Time Date: December 11 Register Now Over the last year, the skilled nursing industry has seen its share of drama with increased mergers and acquisitions activity, bold development, repositioning, and regulatory trends shaping the future for owners, operators, and industry professionals. Register now and join Skilled Nursing News and a group […]
A new analysis from the Centers for Disease Control and Prevention (CDC) found that large swaths of the Western and Southern states lag far behind the national average for nursing home usage, while the Northeast and the Midwest surged above the pack. In 2016, 24 out of every 1,000 people over the age of 65 […]
National Health Investors, Inc. (NYSE: NHI) entered into an agreement to finance the development of a 144-bed skilled nursing facility near Milwaukee, a $25.35 million commitment with a 9.5% initial yield. Under NHI’s commitment, initial funding totaled $4.7 million. The yield earned during construction will be capitalized into NHI’s investment, according to a statement announcing the […]
As occupancy levels continue to fall in skilled nursing facilities, some providers will have to think outside the box — and sometimes outside their walls — to make the best use of their space and their resources. But they might have more flexibility to do that in part because of the different roles that rural […]
Tempted by demographic trends and a new reimbursement system, private equity has taken a keen interest in the skilled nursing industry over the past year. But executives at these investment vehicles would be foolish to think they can plug their existing models into nursing home business and expect the same kind of success they may […]
Greystone Provides $31.5M Bridge Loan for SNF Portfolio in Texas Greystone provided a $31.5 million bridge loan for a portfolio of four skilled nursing facilities in Texas. The non-recourse loan carries an initial term of 24 months with two six-month extension options; it also includes a floating interest rate and interest-only payments for the entire term. […]
Almost half of Medicare patients experience either adverse events or temporary harm events inside the walls of a long-term care hospital (LTCH) according to a November report from the Department of Health and Human Services (HHS). The Office of Inspector General (OIG) found that 21% of Medicare patients in LTCHs — also known as long-term […]
Sabra Health Care REIT (Nasdaq: SBRA) on Thursday announced a $385 million deal to sell all 38 buildings in its portfolio operated by troubled skilled nursing provider Senior Care Centers. The deal — which the Irvine, Calif. based real estate investment trust (REIT) had previously announced earlier this year — is expected to close early […]
The growth in overall spending on nursing homes in the United States slowed for the second consecutive year in 2017, according to the latest analysis from the Centers for Medicare & Medicaid Services (CMS) — while Medicare Advantage spending skyrocketed. All payers spent $166.3 billion at nursing care facilities and continuing care retirement communities (CCRCs) […]
Save The Date June 6, 2019 Buy Tickets Skilled Nursing News is excited to announce its first annual Summit taking place June 6, 2019 in Chicago. Click here to learn more about this exclusive gathering of long-term care professionals, which will provide an intimate networking environment and dive into the topics driving the business of […]
KeyBank Provides $36M for Ohio SNF Deal KeyBank Real Estate Capital provided Foundations Health Solutions, a long-term health care company based in North Olmstead, Ohio, with $36.3 million in funding to acquire a four-property skilled nursing portfolio in Ohio. RE Journals first reported the transaction. The loan proceeds, funded through the Federal Housing Administration (FHA) 232/223(f) […]
Medicare Advantage (MA) plans are trying to reduce post-acute care spending by limiting the skilled nursing facilities in their networks, and by capping the lengths of stay — and SNFs and hospitals aren’t taking it well. That’s according to a study published Monday in the American Journal of Managed Care, which tracked the opinions administrative […]
One day after Senior Care Centers filed for bankruptcy, another one of its landlords reported that the skilled nursing provider has fallen behind on rent. LTC Properties, Inc. (NYSE: LTC) on Wednesday announced that it has not received its December lease payments from the Dallas-based Senior Care Centers, which filed for Chapter 11 bankruptcy protection […]
Position your firm for success in 2019 with the Skilled Nursing News (SNN) white paper program. Work with our team to create a dynamic and compelling white paper that establishes your firm as a thought leader in the skilled nursing industry. Leverage this program to deliver your message and get sales leads from the white […]
Senior Care Centers announced Tuesday that it is filing for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas. The move will allow Senior Care Centers, which has almost 10,000 residents and nearly 11,000 employees, to address “burdensome debt levels and expensive leases,” according to a press release announcing the […]
Curavi Health, a post-acute telemedicine provider with the backing of health giant UPMC, has acquired fellow skilled nursing-focused telehealth operator TripleCare. Terms of the acquisition, announced Tuesday and effective immediately, were not disclosed. The Chicago-based specialty investment bank Ziegler served as advisor to TripleCare in the transaction. The combined entity of Curavi and the Long […]
Three prominent members of the Trump administration called on individual states to eliminate Certificate of Need (CON) laws regarding the development of new health care facilities — including nursing homes — characterizing the statues as anti-competitive and detrimental to consumers. Writing in a sweeping, nearly 120-page report on health care reform, the secretaries of the […]
The leaders of the newly merged ProMedica and HCR ManorCare on Tuesday peeled back the curtain on their plans for the future, with a specific focus on using an in-house insurance plan to test ideas for expanded partnerships. Speaking in friendly territory — the stage at new landlord Welltower Inc.’s (NYSE: WELL) investor presentation in […]
Time: 1:00pm-2:00 pm Central Time Date: December 11 Register Now Over the last year, the skilled nursing industry has seen its share of drama with increased mergers and acquisitions activity, bold development, repositioning, and regulatory trends shaping the future for owners, operators, and industry professionals. Register now and join Skilled Nursing News and a group […]
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