Sabra CEO: North American Portfolio Transition to Ensign, Avamere is ‘Best Possible Outcome’

Nursing home operators continue to reevaluate their position at this stage of the pandemic, as the industry continues to tackle a historic workforce shortage – some, like North American Health Care Inc., have decided to downsize in order to better manage existing properties. This shift to a more conservative strategy serves as the backdrop to […]

Sabra Shifts 24-Facility North American Portfolio to Ensign, Avamere

Sabra Health Care REIT (Nasdaq: SBRA) is divvying up a 24-property portfolio previously leased to North American Health Care Inc. to The Ensign Group and Avamere Family of Companies. Both existing tenants, Ensign (Nasdaq: ENSG) will now become one of the real estate investment trust’s (REITs) largest tenants — representing about 8% of annualized cash […]

Sabra Reduces Avamere’s Rent by 30% in Lease Restructuring as Operations Struggles Continue

After doling out rent deferrals to Avamere Family of Companies for several months in 2021, Sabra Health Care REIT (Nasdaq: SBRA) announced Wednesday that it plans to amend its master lease with the Wilsonville, Ore.-based senior care provider. The changes to the lease structure will include reducing Avamere’s annual base rent on the current portfolio […]

Delta Variant Prompts Rent Relief for Avamere, Sabra CEO Says

Sabra Health Care REIT (Nasdaq: SBRA), in a Monday statement to shareholders, said it will use an $11.9 million letter of credit to fund rent for Avamere Family of Companies from September through November. Wilsonville, Ore.-based Avamere leases 27 skilled nursing facilities and one continuing care retirement community (CCRC) with Sabra. The portfolio made up […]

New CNA, LPN Contracts Raise Nursing Home Wages Across United States

Nursing home operators across multiple states have raised wages for certified nursing assistants and licensed practical nurses, thanks to a combination of union actions, post-pandemic market dynamics and public policy shifts. But with operators still facing acute financial pressures, raising wages is not a simple matter. Larger structural changes are needed to support higher wages […]

Despite Speech Push, Physical and Occupational Therapy Have Key Role Under PDPM

Speech therapy has taken center stage in discussions about the new Medicare payment system for skilled nursing facilities, but therapists and operators say providers can’t ignore physical and occupational therapy services as they adapt. In the months after the Centers for Medicare & Medicaid Services (CMS) announced the new Patient-Driven Payment Model (PDPM), speech therapy […]

Avamere Aims to Create Post-Acute Network with New Corporate Structure

A major provider of senior housing and care services across the acuity spectrum on Wednesday announced an internal reorganization, with the eventual goal of evolving into a post-acute care network for its residents. The Avamere Family of Companies moved to consolidate its separate entities — senior housing and skilled nursing operator Avamere Living, therapy provider […]

Avamere Pivots Away from Skilled Nursing with New Senior Living Brand

The Avamere Family of Companies on Monday announced plans to take its skilled nursing-free retirement communities national, marking another milestone in the senior housing space’s growing skepticism of long-term health care. The Wilsonville, Ore.-based operator and developer of senior housing and care properties rolled out its Ovation by Avamere subsidiary with groundbreaking ceremonies in St. […]

Skilled Nursing Providers Turn to Behavioral Health Amid Medicaid Headwinds

Skilled nursing providers in the state of Washington, facing financial headwinds in the form of low Medicaid reimbursements, have started reassessing the services they offer to try to stay afloat — with some looking to diversify into behavioral health, and others looking to leave the skilled sector entirely. The state’s current Medicaid system, which took […]

Skilled Nursing Presence in CCRCs Remains Steady, But Drop Coming

The median number of skilled nursing units in continuing care retirement communities (CCRCs) has remained steady over the last five years, but a decline is coming as developers continue cut SNFs out of the equation. Among the nearly 2,000 CCRCs across the United States, there are a median of 72 skilled nursing units per site, […]

Avamere Announces a ‘Micro CCRC’ with No Skilled Nursing

A regional senior care provider is looking to transform the traditional continuing care retirement community (CCRC) model by removing skilled nursing entirely — mirroring industry trends elsewhere. The Wilsonville, Ore.-based Avamere Family of Companies recently announced plans to open a “micro CCRC” in St. George, Utah. The development, which is part of the Sienna Hills master-planned […]

New Long-Term Care Legislation Passes in Oregon

Long-term care is getting a facelift in the Beaver State. Specifically, the Oregon state legislature recently passed House Bill 3359 (HB 3359), which is meant to improve the quality and safety of long-term care settings statewide. The bill, for instance, mandates that all administrators of residential care facilities, including assisted living and memory care communities, receive […]