Skilled Nursing Company Shares Hold Steady, Analysts Circumspect on Minimum Staffing Rule

While many industry leaders vociferously condemned the finalized federal staffing requirements for nursing homes that were released on Monday, analysts covering publicly traded companies in the sector were relatively circumspect. They see the requirements as posing a risk, but analysts who communicated with Skilled Nursing News also generally remained upbeat about the longer-term prospects for […]

SNF Outlook: REITs to Play Offense as Private Buyers ‘Partially Sidelined,’ Operating Trends Improve

Skilled nursing operators are sitting on capital reserves and are poised to pursue deals in the sector going forward – after being on the sidelines for much of last year with private equity buyers outbidding them. Now, these same private equity buyers are beginning to fade from the scene, and real estate investment trusts (REITs) […]

Skilled Nursing Occupancy Up 40 Basis Points in June, with Federal Staffing Mandate Still a ‘Key Unknown’

Downside risks may finally be fading with occupancy for skilled nursing facilities showing improvements in June. That’s the view according to BMO Capital Market analysts, who noted recent occupancy data put out by the Centers for Medicare & Medicaid Services (CMS). CMS’ data showed a monthly jump of 40 basis points in occupancy rates between […]

CareTrust CEO: Medicaid Rebasing in Some States May Be ‘Too Little Too Late’ for SNFs

Medicaid rebasing efforts are driving dealmaking activity for the skilled nursing sector at the moment, as enhanced federal funding dries up and operators scramble to account for rising costs of care and a floundering workforce. That’s according to executives with CareTrust REIT (NYSE: CTRE). James Callister, chief investment officer , said during the company’s latest […]

Nursing Care Facilities Add 2,800 Workers Amid ‘Growing But Slowing’ Labor Market

Nursing care facilities added about 2,800 jobs in November 2022, as the health care sector overall saw payrolls increase by about 45,000 workers. Hiring in nursing care slowed down from October, when nursing homes added about 4,100 new workers. Job growth overall slowed in November, with nonfarm payrolls increasing by 263,000, compared with average growth […]

Medicare Payment Boost a ‘Positive Surprise’ for Invesque, But Portfolio Restructuring Continues

The skilled nursing bump in Medicare rates was a “positive surprise” for leadership at Invesque (TSE: IVQ.U), as most in the industry expected payment rates to decrease heading into next year. Bryan Hickman, senior vice president of investments at Invesque, said the change – in the form of a 2.7% increase to Medicare payment rates, […]

Sabra CEO Looks to State Medicaid Funding Relief For SNFs as Federal Support Trails Off

With Covid-era federal financial support trailing off for skilled nursing operators, leaders in the space, including Sabra Health Care REIT (Nasdaq: SBRA) CEO Rick Matros, are increasingly turning a hopeful eye to Medicaid funding relief at the state level. Specifically, Matros believes more permanent relief is a function of how state budgets are shaping up […]

LTC CEO: Skilled Nursing Providers Not Panicking in Face of Operational Challenges, Uncertainty

Proposed cuts to skilled nursing Medicare reimbursement add another layer of complexity for the skilled nursing industry as operators continue to face financial pressure. That holds true for one of the nation’s largest owners of skilled nursing facilities, LTC Properties (NYSE: LTC), as the company continues to deal with rent deferrals and abatements for its […]

SNFs See ‘Disappointing’ Occupancy Recovery as Regulatory Risks Rise

The skilled nursing industry faces an uncertain future with slow occupancy recovery, a historic labor shortage and “worse than expected” cuts to Medicare funding. According to an analysis from Seniorly, 25% of facilities in the US report staff shortages in 2022, up from 16% in 2021. In Minnesota alone in 2022, 41% of SNF operators […]

Occupancy Recovery, Waning Government Support Key Factors for REIT Rent Coverage

After skilled nursing occupancy recovery declined in September for the first time in seven months, some analysts are concerned that consistent staffing shortages will impact the real estate investment trusts who are landlords to operators nationwide, at least in the near-term, according to a Dec. 8 note from BMO Capital Markets. National data collected from […]

NHI CEO: Skilled Nursing Outperforms Assisted, Independent Sectors

National Health Investors’ (NYSE: NHI) skilled nursing assets are outperforming assisted and independent living properties at this stage of the pandemic. Memory care is also on the company’s list of underperforming assets. These three types of properties experienced more significant occupancy and margin pressure, driven by staffing shortages and in turn increased hourly rates and […]

LTC Properties Upbeat about SNF Occupancy Trends Amid Ongoing Rent Deferrals, Abatements

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 […]

SNF Occupancy Recovery Continues, But Pace Is Critical for REIT Rent Coverage

Though skilled nursing occupancy continues to tick upwards, the growth decelerated recently, which could have significant implications for the real estate investment trusts who are landlords to operators across the U.S., according to a June 6 note from BMO Capital Markets. The national data collected from nursing homes by the Centers for Medicare & Medicaid […]

LTC Properties to Transition 11 Abri/Senior Care Centers SNFs to HMG Healthcare After Default

LTC Properties (NYSE: LTC) late Thursday announced that it will transition 11 skilled nursing facilities currently controlled by Abri Health Services/Senior Care Centers to a new operator after sending a notice of default over non-payment of March rent. The Texas-based HMG Healthcare will assume operation of the 1,400-bed portfolio sometime in the second quarter of […]