$17.3M Refi for New Jersey SNF; $180M Redevelopment Includes 102 Skilled Units

Lancaster Pollard provided a $17.3 million loan insured by the Department of Housing and Urban Development to refinance Willow Springs, a skilled nursing facility in Brick, N.J. Tryko Partners was the borrower, having purchased the community from NuVision Management in 2013, REBusinessOnline reported. The facility had 148 skilled nursing beds and an assisted living (AL) […]

New Medicaid Feature Aims to Reduce Nursing Home Enrollments in Pa.

Pennsylvania has unveiled a new Medicaid feature designed to reduce the number of nursing home enrollees in years to come. Under the Community HealthChoices initiative, insurers will be paid to manage Medicaid’s long-term care services with a financial incentive meant to prioritize in-home care for enrollees. The state is rolling out the program in 14 southwestern counties […]