Skilled nursing deals are plentiful, and private equity has a large role to play in their abundance, according to leaders at Sabra Health Care REIT (Nasdaq: SBRA). This trend comes amid the possibility of Medicaid cuts, which could be watered down eventually from the current package presented by House Republicans, they noted. Speaking during Sabra’s […]
Existing and new roadblocks to construction and innovation in the nursing home sector are being felt across the country, with the repeal of certificate of need (CON) top of mind for providers in certain states, as higher tariffs are also expected to impose challenges down the road. The CON law generally requires providers to receive […]
Nursing home operators are notifying their residents of compromised data, as a result of a hacking incident involving Russian-speaking cybercriminal group RansomHub last fall. Nearly 70,000 residents have been affected, with Ohio-based HCF Management hacked in October, according to a report from BankInfo Security. The operator is facing two federal class action lawsuits tied to […]
Construction lending in the nursing home sector remained “virtually nonexistent” with no activity in the first half of the year among lenders, highlighting a continued lack of momentum in this area. A high cost of borrowing and uncertainties around operational challenges further constrain new development, according to a report recently published by the National Investment […]
The Ensign Group (Nasdaq: ENSG) will be adding eight facilities from Providence Home and Community Care across four states: Alaska, Washington, Oregon and California. This marks the first time the San Juan Capistrano, California-based company is expanding into Alaska and Oregon, Ensign Chief Investment Officer Chad Keetch said in a statement. This brings Ensign’s growing […]
The PACS Group closed on a 11-facility skilled nursing portfolio in Tennessee for an undisclosed amount, while CFG closed out five deals totaling $54 million in the last two months. PACS Group Closes on Tennessee Portfolio Sale The PACS Group (NYSE: PACS) on Dec. 1 closed on the operations of 11 skilled nursing facilities in […]
Nursing homes could offer a crucial bridge to recovery for patients with opioid use disorder (OUD), but stigma, regulatory hurdles and funding challenges limit their potential. Researchers have highlighted policy solutions to ensure nursing homes can meet the needs of a growing and aging population with OUD, as part of a study led by Patience […]
Of the many significant factors affecting the skilled nursing industry in the last five years, Medicare Advantage was named as a major disruptor, as cost reports show a shift in operating margins with more facilities struggling financially. Stephen Taylor, principal of senior living and care segment leader for CliftonLarsonAllen (CLA), said MA has had “one […]
The long-term financial viability of nursing homes will be seriously challenged as operators face the fallout from the complete wind down of public health emergency (PHE) funds. This is especially true for nonprofit organizations, with many facilities unable to fund existing staffing levels. According to a report published in Health Affairs Covid-19 PHE funds allowed […]
Sabra Healthcare REIT (Nasdaq: SBRA) has had several quarters in a row of continuing occupancy and rent coverage improvement in all of its primary asset classes, including skilled nursing, distancing themselves from the pandemic, leaders said. Meanwhile, its investment pipeline is seeing more activity in the past months, with primarily deals of one or two […]
The Centers for Medicare & Medicaid Services (CMS) will no longer process optional state assessments (OSAs) after Oct. 1, 2025 for providers in states that are still transitioning to the Patient Driven Payment Model (PDPM). Moving ahead, CMS will not be involved in whether a state will continue to require the completion and submission of […]
Staffing shortages and increased acuity of patients are playing a big role in referral placement, along with preferences and prerequisites of referral sources. This is causing nursing homes and hospitals in high-demand areas to get creative with in-house offerings and hospital partnerships, as they are still experiencing bottlenecks in the referral process. At the same […]
Nursing homes looking to best utilize QAPI, or the quality assurance and performance improvement program, should think beyond the obvious clinical compliance and care benefits to residents. QAPI is usually seen as a way to reduce falls or tighten up medication management, but operators can do a lot more with the data besides using it […]
Nursing homes and hospitals are developing closer ties and improving communication, and with this trend, admissions into nursing homes are expected to increase as rehospitalizations and excessive lengths of stay are also seen as declining. With rising acuity and staffing shortages of recent years, nursing homes have often been reluctant in admitting challenging cases that […]
Coming off of his first year as CEO of American Senior Communities Steve Van Camp is busy planning an Institutional Special Needs Plan (I-SNP) joint venture with five other providers in Indiana, while also devoting time and resources to meeting quality measures and outcomes among ASC facilities. Important considerations to forge ahead with these efforts […]
Of an estimated 36 million Americans with a family member or friend in a nursing home, only 37% say their loved one is receiving high-quality care. And political affiliation aside, older adults want public policies that support and improve quality care. That’s according to a study issued by The John A. Hartford Foundation. Based on […]
Former New York Gov. Andrew Cuomo, along with some of his top aides at the time, may have allegedly made false or misleading statements during the pandemic or in their testimony to Congress, including manipulating Covid nursing home data. The investigation, helmed by the House Select Subcommittee on the Coronavirus Pandemic, concluded that Cuomo and […]
The Ensign Group (Nasdaq: ENSG) acquired the operations of the seven skilled nursing facilities (SNFs) in Colorado totaling 760 beds, along with a 102-bed SNF in Kansas, the company announced Tuesday. “We are thrilled to continue our recent expansion in Colorado,” said CEO Barry Port in a press release. “These operations are a perfect fit […]
Evans Senior Investments (ESI) arranged the sale of a five-property portfolio in the Southwest, comprising skilled nursing beds and senior housing units. The transaction was carried out on behalf of an unnamed regional owner-operator for an undisclosed amount. Real estate brokerage firm ESI ran a confidential marketing process, engaging with a select group of buyers, […]
Capital Funding Group (CFG) financed more than $440 million in the first half of this year, including 18 health care bridge loans, five multifamily bridge loans and eight HUD loans. Notable transactions included a $42 million HUD financing package for three skilled nursing facilities in Washington and Idaho, along with a $36.2 million bridge-to-HUD loan […]
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