Transactions: More Details on Skilled Nursing Operator’s Philly Exit

Mid-Atlantic Health, Philly’s Largest SNF Operator, Exits  The Timonium, Md.-based Mid-Atlantic Health Care made headlines last week when it exited the Philadelphia market, where it had previously been the largest provider of skilled nursing services. Now, the broker that helped negotiate the deal released a few extra details about the transaction. MIMA Healthcare of Lakewood, […]

How Skilled Nursing Facilities Can Boost Rehab with Virtual Avatars

The senior care market has been invaded by robots aiming to assist patients at every level of care. And now one technology company is seeking to create avatars for seniors to recover after surgery at skilled nursing facilities (SNFs) or at home. Reflexion Health, a San Diego-based technology startup, aims to improve the health of […]

Skilled Nursing Spending Rises Fastest in West, South

Spending on skilled nursing services rose the fastest in Nevada over the previous two decades, followed by multiple states in the South, according to a new report from the Centers for Medicare & Medicaid Services (CMS). Payers in the Silver State — including Medicare, Medicaid, and private sources — shelled out $709 million for care […]

Long-Term Nursing Home Stays Decline in 35 States

Most states throughout the U.S. have reduced long-term nursing home stays for Medicare beneficiaries, though the numbers vary significantly. That’s according to a new “State Scorecard” report from AARP, the SCAN Foundation and Commonwealth Fund, which examined the factors that determine long-term care for seniors and people with disabilities. AARP released similar reports in 2011 and 2014. The […]

Symphony Shares Secrets of the ‘Super SNF’

Symphony Post Acute Network has helped redefine the skilled nursing, transitional care business—so much so, some other providers in Symphony’s markets are banding together to stay competitive. But what exactly does Symphony’s model involve? It’s a mixture of elements that together create a “super SNF,” Symphony President Tim Fields said Tuesday at the Post Acute […]

Judge to Illinois: Pay Your Medicaid Bills

The state of Illinois has been without a formal budget for almost two years, sending ripple effects through various parts of the state’s economy and public services. But now a federal judge has ordered the Prairie State to begin addressing payments due to Medicaid providers, which currently total $2 billion. U.S. District Judge Joan Lefkow […]

Trumpcare Inched Forward in the Senate While Comey Dominated Headlines

While the nation stood transfixed by former FBI director James Comey’s testimony before the Senate, that same body moved closer to finding a Trumpcare bill that could satisfy the skeptics among its ranks. The under-the-radar movement was enough to prompt one Washington insider, speaking before a health care conference in Chicago on Sunday, to predict […]

Carlyle Group Reportedly Set on ManorCare Sale to QCP

The private equity firm that has owned skilled nursing provider HCR ManorCare for the past decade is currently in the process of “ceding control” to its landlord, Quality Care Properties, Inc. (NYSE: QCP), either through bankruptcy or an out-of-court settlement, the New York Post reported Sunday. Citing unnamed sources, the Post reported that Toledo, Ohio-based […]

Skilled Nursing ‘Under Siege,’ Quarter of Beds to Disappear by 2022

The skilled nursing industry is in a heap of trouble, and there’s only so much that operators can do about it. That was the bleak message from Lincoln Healthcare Leadership President and founder David Ellis to the crowd at the Post Acute Link Care Continuum Conference in Chicago on Sunday, summarizing the results of a […]

Weekly Round-Up: Largest Philly Provider Exits City

In case you missed them the first time around, here’s some of the biggest stories from the world of skilled nursing this week, including a rapidly unfolding pas de deux between a major skilled nursing REIT and its largest tenant, less-than-stellar occupancy projections from NIC, and insights into cultivating a dynamic, multigenerational nursing staff. Quality […]

QCP Reaches Out to ManorCare Lenders Amid Potential Takeover

Quality Care Properties (NYSE: QCP) on Thursday reached out to HCR ManorCare’s lenders with a request for funding as it considers an equity takeover of its primary skilled nursing tenant. The Bethesda, Md.-based real estate investment trust (REIT) has disclosed that it is in talks with numerous stakeholders as it mulls acquiring ownership of the Toledo, […]

Skilled Nursing Occupancy Increased in Q1, But Trending Down

Occupancy at skilled nursing facilities rose 36 basis points from the fourth quarter of 2016 to the first quarter of 2017, but ended the quarter on a downward trend. SNFs had 82.6% occupancy in the first quarter of 2017, according to the latest Skilled Nursing Data Report from the National Investment Center for Seniors Housing […]

Tips for Retaining SNF Caregivers from Millennials to Boomers

Younger certified nursing assistants (CNAs) tend to have different complaints about the skilled nursing workplace than older CNAs, and awareness of these generational differences could be the first step toward more effective retention efforts. That’s one key takeaway from a small study out of Armstrong State University in Savannah, Ga. Researchers surveyed 100 CNAs at […]

AARP: Medicaid to Dry Up for Seniors Under Trumpcare

The American Health Care Act would gradually constrict skilled nursing and other health providers’ ability to care for Medicaid patients over the coming decades, especially as the proportion of Medicaid recipients aged 85 and older increases, a new report from AARP alleges. The Washington, D.C.-based advocacy group’s concern stems from the AHCA’s mandate to shift […]

CDC Puts Providers on Alert for Deadly, Costly Disease

Skilled nursing facilities are a prime breeding ground for Legionnaires’ disease, and an outbreak could prove costly for the operator — both in terms of care outcomes and additional expenses — according to a recent presentation by the Centers for Disease Control and Prevention (CDC). The CDC analyzed 2015 data related to outbreaks of the potentially […]

Investor Appetite for Skilled Nursing Remains Meager in 2017

Senior housing investors are excited to grow their portfolios in 2017, but not necessarily through skilled nursing acquisitions, according to the latest CBRE U.S. Seniors Housing & Care Investor Survey. For the survey, commercial real estate services and investment firm CBRE Group, Inc. (NYSE: CBG) polled 74 influential senior housing developers, investors, brokers and lenders throughout the […]

SNF Transactions: Ensign Expands in Mountain West, CareTrust Enters N.M.

The Ensign Group Acquires SNFs in Idaho and Utah The Ensign Group (NASDAQ: ENSG) acquired the real estate and operations of three skilled nursing and one intermediate care facilities across Idaho and Utah: Meadow View Nursing and Rehabilitation, a 112-bed skilled nursing facility in Nampa, Idaho; Utah Valley Healthcare and Rehabilitation, a 99-bed skilled nursing facility in Provo, Utah; Heritage Park Healthcare and Rehabilitation, […]

CMS Backtracks on Arbitration Ban in Long-Term Care

Months after trying unsuccessfully to ban the pre-dispute arbitration agreements in long-term care, the Centers for Medicare & Medicaid Services (CMS) is now proposing that the controversial practice be allowed after all. CMS’ new proposed rule was published in a Federal Register document on Monday afternoon. It comes after skilled nursing providers pushed back against […]

N.Y. Post: HCR ManorCare CEO Demands $100 Million Payout

HCR ManorCare CEO Paul Ormond has asked for the immediate payment of a $100 million deferred settlement package stemming from a private equity takeover of the company back in 2007, according to a report in the New York Post. The Carlyle Group, a Washington, D.C.-based private equity firm, bought the Toledo, Ohio-based HCR ManorCare a decade ago […]

HCR ManorCare Falls Behind on Rent as Troubles Mount

HCR ManorCare failed to completely pay its June rent to primary landlord Quality Care Properties (NYSE: QCP), citing pressure from its secured lenders and decreased profit projections. One of the largest skilled nursing providers in the country, the Toledo, Ohio-based HCR ManorCare paid just $15 million of the $32 million it owed QCP for June rent, […]