Innovation and Uncertainty: Nursing Home Providers Forge New Paths for a Post-Covid Era

As the Skilled Nursing News’ CLINICAL event in Washington D.C. came to a close last month, industry experts left with staffing concerns amid labor shortages and pending legislation on minimum staffing standards. However, operators also shared optimism over their innovations in corporate and clinical practices as they continued to confront higher acuity and tighter regulation. […]

5 Skilled Nursing Providers to Watch in 2023

With reporting from Tim Mullaney and Zahida Siddiqi With the number of nursing home beds in decline across the United States — and providers large and small divesting of facilities, exiting the industry or shutting down completely — some organizations are finding ways to grow. Expansion is one theme uniting this year’s skilled nursing providers […]

Reimbursement Tech Curbs Admin Costs, Claim Denials

During the course of its 19-facility expansion — in the middle of a pandemic — Texas operator Creative Solutions in Healthcare avoided hiring additional accounts receivable personnel by utilizing a health care payment automation platform. Fort Worth, Texas-based vendor CoreCare supplies reimbursement automation technology to make this feat possible, while the SNF industry faces a […]

Creative Solutions Turns to Data Ahead of PDPM with 70-SNF Rollout

In a nod to the importance of data under the Medicare reimbursement overhaul coming October 1, a Texas skilled nursing provider is adding data analytics to all of its facilities — more than 70 throughout the Lone Star State. Creative Solutions in Healthcare, based in Fort Worth, Texas, and Real Time Medical Solutions earlier this […]

MedEquities Shareholders Approve $600M Omega Merger

Shareholders of MedEquities Realty Trust (NYSE: MRT) on Wednesday overwhelmingly approved a plan to merge with fellow real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI). Around 99.9% of the votes cast — representing 79.5% of all outstanding shares as of March 4 — were in favor of the $600 million deal, first announced […]

County Nursing Home Gets $6M for Back Bills; Welcov Facility in SD Sold

The Champaign County Board approved roughly $6 million in nursing home expenses for the Champaign County Nursing Home in Urbana, Ill., The News-Gazette reported. The board on January 15 voted to appropriate $1.98 million to pay off bills to nursing home vendors that dated as far back as fiscal 2015; it also voted to write […]

White Oak Provides $161M For SNF Transaction; $21M Refi in IL

White Oak Provides $161M For Allegiant Healthcare’s 17-SNF Acquisition White Oak Healthcare Finance made another major financing for a skilled nursing transaction to kick off 2019. The affiliate of White Oak Global Advisors, LLC acted as sole lender and administrative agent for the funding of a $161 million senior credit facility for Allegiant Healthcare and […]

Omega to Acquire MedEquities in $600M REIT Deal

Omega Healthcare Investors (NYSE: OHI) kicked off 2019 by announcing the $600 million acquisition of MedEquities Realty Trust (NYSE: MRT), marking the ownership shift of 34 skilled nursing and other health care properties. The boards of both real estate investment trusts (REITs) approved the deal unanimously, Omega announced early Wednesday morning, with a final transaction […]

MedEquities To Re-Tenant 10 Texas SNFs

MedEquities Realty Trust, Inc. (NYSE: MRT) has signed an agreement to re-tenant 10 Texas skilled nursing facilities currently leased to affiliates of OnPointe. The Nashville, Tenn.-based real estate investment trust (REIT) owns 34 acute and post-acute facilities in seven states; it has about 20 SNFs in its portfolio, according to its website. The new 15-year triple […]