PACS Group (NYSE: PACS) on Tuesday announced the acquisition of operations at 32 skilled nursing facilities across Florida, which will be leased from subsidiaries of Omega Healthcare Investors (NYSE: OHI). The 32 properties have a combined 4,049 licensed skilled nursing beds throughout the state, significantly expanding PACS’ reach in the South and complementing 71 existing […]
Eduro Healthcare
PACS Group (NYSE: PACS) reported a strong second quarter and raised full-year guidance, with executives sharing more details Wednesday on its 34-facility, multistate acquisition from Eduro Healthcare. Earnings momentum for the nursing home giant continued to be driven by operational improvements rather than acquisitions alone as skilled nursing investments remained a key priority, both through […]
PACS Group (NYSE: PACS) announced Monday that its subsidiaries have entered into a definitive agreement to acquire the operations of 34 skilled nursing facilities across six western states from Eduro Healthcare, a family-owned company. The transaction includes 22 facilities in Texas, six in Montana, three in South Dakota and one facility each in New Mexico, […]
On-site dialysis remains relatively rare in nursing homes, with most facilities still relying on off-site providers. But where it has been introduced through “dialysis den” partnerships, operators report clear operational and clinical benefits. The most significant improvement has been continuity of care, with on-site services eliminating communication gaps, delays and logistical issues that come with […]
Despite macroeconomic and regulatory uncertainties, the investment outlook for skilled nursing and assisted living is robust. That’s according to panelists at Skilled Nursing News’ recent RETHINK conference, who highlighted that conditions are finally normalizing in the skilled nursing space, five years after the COVID-19 pandemic struck. “The COVID hangover is over,” said Sam Bechthold, chief […]
Eduro Healthcare expanded its footprint in Texas with an acquisition of two skilled nursing facilities (SNFs), while Capital Funding Group (CFG) closed $93.8 million in bridge-to-HUD financing for 9 facilities in Utah. Eduro adds 2 SNFs in Texas Eduro Healthcare announced the acquisition of two skilled nursing facilities in the Dallas-Fort Worth and San Antonio […]
The Centers for Medicare & Medicaid Services (CMS) on Monday unveiled the finalized minimum staffing standards for nursing homes, drawing sharp – and deeply apprehensive – responses from leaders in the sector. CEOs of nursing home owners and operators and leaders of industry associations were all but unanimous in their reactions; among those who spoke […]
In light of the upcoming nursing home staffing mandate, industry leaders are concerned about how the measure will be enforced. And, they’re still trying to cope with what they describe as a punitive approach to surveys. On the plus side, labor pressures have started to ease, and workforce initiatives are bearing fruit. “It’s just hard […]
Eduro Healthcare has grown its Texas portfolio again, adding seven more skilled nursing facilities in the Waco and Austin metropolitan areas. This latest acquisition brings Eduro up to 42 buildings across 10 states. “Our Texas acquisition pipeline is full and robust, and I expect more buildings to join the Eduro team soon,” Owner Michael Bewsey […]
Utah-based skilled nursing company Eduro Healthcare recently acquired seven facilities in the San Antonio, Texas area, bringing the total count in the state to 15. Eduro first entered the Texas market in April 2021, and has seen success as operational and delivery of care changes are implemented, according to a news release. “Having worked in […]
CareTrust REIT (Nasdaq: CTRE) is moving forward with plans to de-risk a portion of its portfolio, with 27 of the 32 targeted assets up for sale. The 32 facilities – a “vast majority” of which are seniors housing and some skilled nursing – represent approximately 10% of the real estate investment trust’s contractual cash rent. […]
Park Ridge, Ill.-based Ignite Medical Resorts is entering Texas for the first time as the operator of four skilled nursing facilities acquired by LTC Properties (NYSE: LTC) in a $52 million deal. “We’re looking for strategic growth that fits our vision. For this project, it was for facilities in four major metro areas, all close […]
CareTrust REIT (Nasdaq: CTRE) discussed efforts to de-risk its portfolio, detailing plans to repurpose 32 of its assets while still remaining active in the market, during a fourth financial quarter earnings call on Thursday. The 32 assets – a mix of skilled nursing and seniors housing – represent approximately 10% of the real estate investment […]
Utah-based Eduro Healthcare has acquired nine buildings in Texas in just under a year, including two skilled nursing facilities added last month. Through its expansion, Eduro has continued to build on its relationship with CareTrust REIT (Nasdaq: CTRE). And, Eduro’s model is similar to that of another CareTrust tenant, Ensign Group (Nasdaq: ENSG). By striking […]
Blueprint announced the sale of a large skilled nursing portfolio in Ohio this week for $145 million or roughly $73,000 per bed. The portfolio consists of over 2,000 skilled nursing beds spread across 17 facilities in the state. Originally purchased in 2018 by a joint venture between an experienced investor and a growing Ohio-based operator, […]
Eduro Healthcare recently added two skilled nursing facilities to its Texas portfolio. The first facility, in Lockhart, Texas, closed for seven months due to damage from last year’s winter freeze. “We are excited to be the team to reopen Parkview Nursing and Rehab,” Eduro Healthcare Managing Partner Michael Bewsey said in a news release announcing […]
Skilled nursing giant The Ensign Group (Nasdaq: ENSG) on Tuesday announced the acquisition of three new skilled nursing facilities in Colorado. The San Juan Capistrano, Calif.-based Ensign picked up the following three facilities as of April 1: The 140-bed Boulder Canyon Health and Rehabilitation in Boulder The 76-bed Berthoud Care and Rehabilitation in Berthoud The […]
The Utah-based skilled nursing operator Eduro Healthcare last week announced its expansion into Texas with a four-building pickup. Eduro signed a long-term lease to manage the quartet of buildings in Beeville, Cleburn, Hurst, and Lockhart, Texas, with a total of 434 beds. “We are excited about the opportunity to enter the Texas market,” Eduro managing […]
Mercy Health Services in Maryland opened a $30 million rehabilitation and nursing care facility, operated by its long-term care arm Stella Maris, the Baltimore Business Journal reported on September 9. The facility is part of a campus in Baltimore County that houses other Stella Maris services, such as an independent living complex and assisted living […]
The Villa Toscana at Cypress Woods, a 120-bed skilled nursing facility in a Houston suburb, was sold to the SNF-focused private equity firm O&M Investments for $5.3 million. The transaction was handled by the Chicago-based senior living brokerage firm Heavenrich & Company on behalf of a publicly traded real estate investment trust (REIT) and owner-operator […]
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