As part of the federal government’s new risk-based survey model, nursing homes will be marked as “high-performing” using a little gold trophy icon on Care Compare. While the icon could be a powerful marketing tool, sector leaders warn that its use could be problematic on many fronts. First, the gold trophy’s presence could create the […]
Nursing home operators, as always, are juggling many moving parts to stay ahead, but some initiatives are taking precedence this year – particularly stabilizing the workforce via career ladders, policy changes tied to Medicaid and managing technology. Executives are discussing policy and reimbursement hurdles, with the One Big Beautiful Bill Act (OBBBA) spurring talks with […]
Some nursing home leaders are approaching mergers and acquisitions (M&A) with caution in 2026, citing inflated asset prices and questioning whether current valuations justify the investment. Meanwhile, their broader investment strategies focus instead on the evolving value-based care environment. One of the reasons for treading carefully in buying new assets stems from nursing home industry’s […]
Ensign expanded its footprint to add facilities in Texas and Idaho. Meanwhile, Creative Solutions acquired five skilled nursing facilities (SNFs) from Diversicare. Creative Solutions Closes 5-SNF Acquisition Creative Solutions in Healthcare, the largest skilled nursing operator in Texas, has acquired five skilled nursing facilities from Diversicare, effective July 1. “This expansion allows us to bring […]
Staffing is an ongoing concern at nursing homes, but the fires are finally calming down. As Skilled Nursing News continues to monitor shifts in staffing challenges – especially with the federal staffing mandate in place – our focus has become more vigilant. Thus, we wanted to take a step back and provide our readers with […]
Since Diversicare named Steve Nee as CEO in February 2023, the provider has eliminated agency staff across its portfolio of 44 nursing homes and now is reentering growth mode, with a focus on adding new service lines, particularly in behavioral health. Nee took the helm at the Brentwood, Tennessee-based company at a time of difficult […]
The skilled nursing industry is at a crossroads as it grapples with the Centers for Medicare & Medicaid Services’ (CMS) proposed federal staffing mandate. A significant point of contention in the proposal is the exclusion of licensed practical nurses (LPNs), which has ignited concerns and garnered strong reactions from industry leaders. “What’s keeping me up […]
As specialty services and higher acuity cases continue to challenge nursing home clinicians, industry leaders say it takes a special kind of employee to really understand, deal with and plan for the variety of patients seen nowadays. Nicole Croteau, director of clinical services with SALMON Health and Retirement, said there aren’t many nurses who can […]
Diversicare announced Steve Nee as its new CEO after conducting a long search following the departure of the company’s previous chief executive last August. Nee joins Diversicare with more than a decade of experience in long-term care delivery and administration in positions of increasing responsibility, including administrator, vice president of operations, chief operating officer, and […]
Diversicare Healthcare Services is currently on the hunt for a new leader to take the helm after former CEO Jay McKnight left the nursing home operator at the end of August. McKnight joined Tennessee-based Diversicare as executive vice president and CFO in 2012 before taking the helm as president and CEO in 2018. He’s also […]
More than half of Diversicare Healthcare Services (OTC: DVCR) facilities are seeing spikes in COVID-19 cases, which CEO Jay McKnight attributed to the delta variant during the company’s second quarter earnings call. The Brentwood, Tenn.-based nursing home operator had “virtually no” cases as of its first financial quarter earnings call in May, McKnight said. “We […]
Diversicare Healthcare Services (Nasdaq: DVCR) on Wednesday announced a plan to exit the Kentucky market, ceding control of the 10 skilled nursing facilities it operates in the state. The Brentwood, Tenn.-based Diversicare reached an agreement with landlord Omega Healthcare Investors (NYSE: OHI) to terminate operations at the 10-building portfolio, which consists of around 885 skilled […]
In an effort to turn around a string of shaky quarterly financial results and get back in the Nasdaq’s good graces, skilled nursing operator Diversicare (Nasdaq: DVCR) has its sights set on expense-structure changes and supplemental payment programs in Texas. The Brentwood, Tenn.-based operator recorded a net loss from continuing operations of $3.3 million, or […]
The Nasdaq stock exchange in late December issued a delisting warning for Diversicare Healthcare Services, Inc. (Nasdaq: DVCR) after the skilled nursing provider’s total market cap fell below the required threshold. For 30 consecutive trading days ending December 19, Diversicare’s market value of listed securities (MVLS) was lower than Nasdaq’s mandatory $35 million total, the […]
