Aging Media Network, a WTWH Media company, is proud to announce the 2024 Aspect Awards winners. With more than 60 submissions across the categories of Behavioral Health, Home Health & Home Care, Hospice & Palliative Care, Senior Housing & Senior Living, and Skilled Nursing (SNF), the focus on innovation and creativity is sharper than ever […]
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Expanding its presence across Wisconsin, Dove Healthcare, a post-acute and long-term care provider, is set to integrate five new locations into its network. Dove Healthcare’s assets will now consist of 10 skilled nursing and rehabilitation centers, five assisted living residences, and three independent living complexes. Dove Healthcare’s locations are in Barron, Bloomer, Chippewa Falls, Eau […]
Joseph Schwartz, the owner of Skyline Management Group LLC, has admitted his involvement in a massive $38 million employment tax fraud scheme. The scheme targeted nursing homes owned by Schwartz across the country. Skyline, headquartered in Wood Ridge, N.J., once operated over more than 100 skilled nursing facilities across 11 states, providing care for over […]
The Medicare Payment Advisory Commission (MedPAC) is recommending that for fiscal year 2025, Congress should reduce the 2024 Medicare-based payment rates for skilled nursing facilities (SNFs) by 3%, citing strong margin projections, occupancy growth and access to capital for the sector. “We project the SNF margins in 2024 to remain high even with the downward […]
The Department of Justice (DOJ) is attempting to reopen the case of nursing home mogul Philip Esformes – convicted of one of the biggest Medicare frauds in history – and whose 20-year sentence was commuted by President Donald Trump, and an article in Mother Jones magazine provides a deeper look into the case. Together with […]
The nursing home industry is undergoing a turbulent period marked by economic, operational and regulatory challenges, according to CliftonLarsonAllen (CLA). CLA’s latest report on the sector underlines the state-specific instability and disparities that are currently impacting SNFs. CLA researchers said over the past three years, there has been a steady rise in expenses at a […]
Older adults experience a decline in vulnerability after moving into a skilled nursing facility, according to a new study. Conducted by NORC at the University of Chicago, with funding from the National Investment Center for Seniors Housing and Care (NIC), the findings show that approximately three months after relocating, this vulnerability among older adults plateaus […]
WTWH Media, LLC has announced the acquisition of HME Business and Mobility Management from 1105 Media, Inc. The two digital B2B media properties are focused on the home medical equipment industry and mobility professionals and rehabilitation suppliers and clinicians. These two additions build upon WTWH’s presence in the healthcare sector and further enhance its ability […]
Ventas (NYSE: VTR) plans to shed Skilled Nursing Facilities worth about $63 million that are part of its Santerre Health Investors acquisitions. The Chicago-based real estate investment trust (REIT) announced plans to sell the SNF assets in the midst of efforts to raise capital and pay down debt, the details of which Ventas shared in […]
Countryside Health Care Center, one of the largest nursing homes in Iowa, with a maximum occupancy of 101 residents, announced that it will close within 60 days. This brings the total number of nursing homes closing in Iowa since June 2022 to 26. Valley View Community Home in Butler County and Pocahontas Manor in Pocahontas […]
In this Payment Perspectives interview, Skilled Nursing News is joined by American Health Plans Chief Development Officer Hank Watson to talk about what health care providers need to do differently when it comes to payment evolution. He explains how skilled nursing providers can show their value to payers, and he also debunks the common myths […]
CareTrust REIT Inc. (NYSE: CTRE), along with a regional investor in healthcare real estate, acquired four skilled nursing facilities on the West Coast. The four-property acquisition includes 450 skilled nursing beds and 20 assisted living units. Links Healthcare Group, a new operator relationship for CareTrust, will operate the facilities pursuant to a 15-year master lease […]
Nursing home industry experts are encouraging providers to keep a close eye on how their businesses will be impacted when Medicare Advantage penetration goes up, and to also watch for whether the federal Medicare rate adjustments for 2024 prove to be adequate. Executives at Health Dimensions Group, a management and consulting organization that serves senior […]
Nursing home industry leaders, more than 500 of whom gathered on Capitol Hill this week to influence workforce legislation, sounded alarms over the possibility of a minimum staffing rule at the conclusion of their meeting with policy makers Tuesday. At a time when the industry is still reeling from the effects of massive worker shortages […]
Bloomfield Capital, direct lender and equity investor in commercial real estate assets, announced the closing of a $12.0 million senior bridge loan, which was used to refinance a maturing loan on a skilled nursing facility located in Southern California. The loan’s sponsor purchased and restructured multiple senior living assets throughout the Western U.S. and is […]
A fungal infection that can be fatal is spreading at “an alarming rate” across U.S. healthcare facilities and nursing homes, according to a report released on Monday by the Centers for Disease Control (CDC). “The rapid rise and geographic spread of cases is concerning and emphasizes the need for continued surveillance, expanded lab capacity, quicker […]
Expensive and more aggressive treatments for cancer with “enormous personal and financial costs” are more common among nursing home residents compared to older adults who live in the community. This is according to a study published in JAMA, which notes that the higher use of aggressive medical interventions for nursing home residents at end-of-life (EOL) […]
Aging Media Network (AMN) is proud to announce the 2023 Aspect Awards winners. With 53 submissions in the categories of Behavioral Health, Home Health & Home Care, Hospice & Palliative Care, Senior Housing & Senior Living, and Skilled Nursing (SNF), the scope of creativity is broader than ever before. The program was judged by 10 […]
REIT LTC Properties, Inc. (NYSE: LTC) sold two New Mexico facilities, totaling 235 beds, for $21.3 million. According to LTC, as a result of the sale, the two properties were removed from the operator’s master lease, and LTC provided a rent decrease of 7.5% of the net proceeds, or approximately $1.5 million of cash rent, […]
As staffing remains one of the leading areas of trouble for nursing homes, operators have turned to technology tools that have improved both retention and recruitment of workers in the last year. But while operators, advocates and even insurance providers associated with the skilled nursing sector applaud the implementation of staffing-related technology, doing so is […]