Georgia-based operators PruittHealth, Community Health Services of Georgia (CHSGa) and A.G. Rhodes on Monday announced all employees across the three companies will be required to get the COVID-19 vaccine as a term of employment. Low vaccination rates are the “primary reason” behind the continued spread of COVID-19, the companies said in a statement; medical and […]
Category: Occupancy
Occupancy is still increasing month to month, but at a slower pace compared to earlier this year, according to a new data analysis from the data service affiliated with the National Investment Center for Seniors Housing & Care (NIC). From April to May the NIC MAP Vision report found occupancy rose 23 basis points to […]
Although accountable care organizations (ACOs) have never been particularly popular among skilled nursing facilities, timing may be ripe to take on more risk to stay competitive in the market. ACO participation may help operators maintain referrals when so many potential residents are being diverted to home health care, hospice and other tracks along the continuum […]
Sabra Health Care REIT (Nasdaq: SBRA) during its second quarter earnings call reported a steady increase in occupancy since December of its top eight skilled nursing operators, which make up 71% of the company’s SNF rent. The Irvine, Calif.-based real estate investment trust (REIT) noted an average occupancy gain of 601 basis points from the […]
Sicker patients, after less time spent in a hospital, are being diverted from a skilled nursing facility in favor of home care and hospice, according to recent analysis by care coordination software provider CarePort. Discharge trends have resulted in a struggling occupancy rebound for SNFs, Martin said, with referred patients reportedly between 60 and 75% […]
Skilled nursing operators, much like the rest of the aging care continuum, are concerned that the COVID-19 delta variant will stall progress made on occupancy gains — but regulatory changes are due to be regional; facilities will need to look out for country or state-wide mandates based on local outbreaks. Just last week, the Centers […]
Leaders with LTC Properties (NYSE: LTC) are encouraged by skilled nursing occupancy trends, but the real estate investment trust (REIT) is still awaiting resolution on the bankruptcy of SNF operator Abri Health Care, formerly Senior Care Centers, and its Q2 2021 earnings took a hit from rent deferrals and abatements. Portfolio properties are no longer […]
Skilled nursing giant The Ensign Group (Nasdaq: ENSG) continues to see patient flows revert back to normal trends, as momentum from its bolstered first quarter occupancies continues into the second quarter. The San Juan Capistrano, Calif.-based provider on Wednesday reported ‘record’ operating results for the second financial quarter ending June 30 — with adjusted earnings […]
As the road to recovery continues for the senior housing and care industry, a new survey from real estate giant CBRE, released this month, indicates significant investment growth in the short-term with a full recovery expected sometime in 2022. With the skilled nursing mergers-and-acquisitions market hotter than ever right now, summer cap rates for these […]
While the skilled nursing sector will continue to experience occupancy recovery well beyond this year, the average sale price of facilities per bed has been the highest since 2016. Nursing care assets have traded with an average sale price of $90,700 per bed, according to an outlook report released by Calabasas, Calif.-based real estate brokerage […]
Operator investment in talent, company culture and technology, along with a close eye on local markets, are key to survival at this stage of the pandemic. That’s with skilled nursing care becoming an increasingly localized, segmented industry, according to Bill Kauffman, senior principal with the National Investment Center for Seniors Housing & Care (NIC). Kauffman […]
Hospitals and other acute care facilities aren’t referring post-acute care to skilled nursing facilities as much as they have in the past four years, with a significant decline between 2019 and 2020, according to a report released by Trella Health. Data gathered by the Atlanta-based health analytics company shows a drop from 21.5% in facility […]
Operators across the senior living spectrum are reporting that occupancy rates are starting to pick up, with skilled nursing facilities recovering the fastest. Staffing shortages, however, appear to be getting worse. That’s according to the National Investment Center for Seniors Housing & Care’s (NIC) most recent survey of skilled nursing and senior living executives, now […]
While all senior housing properties experienced an increase in vacancy rates across the country, skilled nursing facilities saw higher levels than other sectors in the first quarter of the year, according to a report released by Moody’s Analytics REIS. That was despite the introduction of Covid-19 vaccines — the trend means that questions still exist […]
For AdventHealth, COVID-19 didn’t remake its relationships with skilled nursing facilities as much as it intensified all the factors the Florida-based health system considered important. And as hospital patient volumes start to rise back to their pre-pandemic levels, SNFs need to know what hospitals are looking for and what matters to them. With hospital referrals […]
Communicating safety precautions is key to restoring census at skilled nursing facilities — and rebuilding trust among residents and families — according to a presentation hosted Tuesday by the Advisory Board. In a presentation covering post-acute care and public perception, Monica Westhead, managing director of nursing and post-acute care research at the research organization, said […]
Aiming to win over skilled nursing operators and owners in need of residents, direct contracting entities say their connection with area hospitals can be a deciding factor in future partnerships. The U.S. Centers for Medicare & Medicaid Services (CMS) unveiled the direct contracting program in conjunction with its Primary Care First initiative. It includes three […]
While occupancy numbers are enjoying a modest upward trend, skilled nursing operators face an uphill battle to strengthen long-term care metrics into the next year. And, staffing issues also loom large and are commanding attention from SNF operators. These were among the big topics under discussion at Tuesday’s Synergy Summit, where leaders with providers Marquis […]
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