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 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 […]
While Sabra Health Care REIT (Nasdaq: SBRA) is focused on growing its overall portfolio in 2022, it remains intent on getting its skilled nursing facility exposure – currently at 61.4% – down to below 60% of its overall portfolio. “Our skilled exposure is down to almost 61% which is as low as it’s been in […]
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 […]
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 […]
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 […]
Under a new collective bargaining agreement, workers at 19 nursing homes in Oregon owned by the Avamere Family of Companies will get a raise of up to $4 an hour, Northwest Labor Press reported Tuesday. The new wages will set pay and staffing levels at “the highest standard” for nursing homes in Oregon, according to […]
Just three months after the nursing home world saw a new Medicare payment model take effect, the home health industry dealt with its own sea change: the Patient-Driven Groupings Model. For most SNFs, the Patient-Driven Payment Model (PDPM) is top of mind, as they work out the new system for their own Medicare reimbursement change. […]
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 […]
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 […]
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 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 […]
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, […]
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 […]
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 […]
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