San Francisco SNF Fight Ends, Subacute Shortage Persists

As hospitals around the country decide to move away from skilled nursing and subacute services, a hotly contested proposed closure in San Francisco has highlighted a growing national issue. Sutter Health California Pacific Medical Center (CPMC) had plans to close its St. Luke’s campus, including its skilled nursing and subacute care operations. Following intense pressure from patient advocates […]

Impending SNF Closure Compounds San Francisco Shortage

When a San Francisco medical center shutters its skilled nursing and sub-acute care operations this month, the move will put an additional strain on a city facing a care shortage. Sutter Health California Pacific Medical Center (CPMC) will close its skilled nursing and sub-acute unit at St. Luke’s Hospital as part of a $600 million […]

Transactions: MedEquities Makes $10 Million Skilled Nursing Play in Connecticut

MedEquities Pays $10 Million for Conn. SNF Real Estate MedEquities Realty Trust, Inc. (NYSE: MRT) acquired the real estate of Woodlake at Tolland Nursing & Rehabilitation Center, a skilled nursing facility in Tolland, Conn., from Prospect Medical Holdings, Inc. for a total of $10 million. The Nashville, Tenn.-based MedEquities plans to enter into a 12-year, triple-net lease […]