Avamere Pivots Away from Skilled Nursing with New Senior Living Brand

The Avamere Family of Companies on Monday announced plans to take its skilled nursing-free retirement communities national, marking another milestone in the senior housing space’s growing skepticism of long-term health care. The Wilsonville, Ore.-based operator and developer of senior housing and care properties rolled out its Ovation by Avamere subsidiary with groundbreaking ceremonies in St. […]

Welltower, ProMedica to Slash Rent on Former ManorCare Skilled Nursing Facilities

The former HCR ManorCare skilled nursing facilities received a major rent break under their new ownership structure. HCP Properties, the 80-20 joint venture between Welltower Inc. (NYSE: WELL) and non-profit hospital provider ProMedica, will charge $179 million for the first year of its 15-year lease with the 168 skilled nursing facilities and 58 senior living […]

As Underperforming Skilled Nursing Assets Sell, Private Equity Makes a Move

Amid all the shakeups in the post-acute and skilled nursing sector, private equity funds and others have seen an opportunity to move into the space — and they haven’t hesitated to take advantage. Much of the focus for private equity and institutional investors has been on senior housing, according to an August report from Fitch […]

Skilled Nursing Continues to Drag on CCRCs’ Future

A major financial ratings service released an overall stable outlook for the continuing care retirement community (CCRC) market over the coming year, but expressed nagging doubts about the effects of skilled nursing on the industry’s overall health. For the sixth consecutive year, Fitch Ratings issued a “stable” credit rating projection for the CCRC sector, which […]

Provider Battles for Skilled Nursing Innovations in New High-Rise

With skilled nursing besieged from all sides, there is a pressing need for fresh designs and improved services. Recognizing this, a non-profit provider in Wisconsin has gone to great lengths to bring an innovative offering to the Milwaukee market, highlighting that it’s possible — but often difficult — to push the envelope in skilled nursing. Less than a decade […]

Post-Acute Crunch at Non-Profit CCRCs Predicted for 2018

Post-acute concerns could be a thorn in the side of non-profit continuing care retirement community (CCRC) operators next year. Citing industry-wide declines in census, admissions, and revenues amid changing payment models, Fitch Ratings, Inc. identified skilled rehabilitation care as a main concern for non-profit CCRCs in an otherwise sunny report about the state of the industry issued […]

SNFs Could Benefit Under Bundled Payment Changes

Skilled nursing facilities are in for a short-term reprieve if a proposal to reduce some bundled payments by the Centers for Medicare & Medicaid Services (CMS) is finalized, according to a recent Fitch Ratings report. CMS proposed reducing some bundled payment models and canceling mandatory programs yet to be implemented. The move, while largely unsurprising given the current […]

Fitch Upgrades Sabra Rating After CCP Acquisition

Sabra Health Care REIT (Nasdaq: SBRA) is in a positive place following its recently approved merger with Care Capital Properties (CCP), according to several ratings agencies. Fitch Ratings on Wednesday increased Sabra’s rating from BB+ to BBB-, an investment-grade rating, while Standard & Poor’s boosted its corporate credit rating on the Irvine, Calif.-based real estate […]