Welltower Touts Margin Gains in 7-Property SNF Portfolio, Teases Similar Approach Across Integra JV

Leaders with Welltower (NYSE: WELL) are touting improvements in a portfolio of seven skilled nursing facilities, saying that a similar playbook is being deployed across the large portfolio of SNFs in its joint venture with Integra Health. The seven SNFs in question transitioned from being operated by Genesis HealthCare to Complete Care Management, in 2021. […]

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 […]

Ensign Adds 17 Skilled Nursing Communities as Sabra Deal Closes 

The Ensign Group (Nasdaq: ENSG) on Wednesday announced that the company is assuming operations of 17 skilled nursing communities in California, as part of a previously announced deal with Sabra Health Care REIT (Nasdaq: SBRA). That deal involves 20 communities total, which previously were operated by North American Health Care. The properties located in Ensign’s […]

Genesis Adding 38 Nursing Homes in Largest Expansion Since ‘Market Model’ Launch

Genesis Healthcare Inc. will add 34 nursing homes in Pennsylvania to the 15 the company currently operates in the state, in addition to taking over management of four in Colorado. “This transition marks the largest expansion of services provided by Genesis and its affiliates since the organization underwent a transformation into a market model approach […]

Top Skilled Nursing Trends for 2023

Economic uncertainty, staffing shortages, looming federal regulations, a new COVID variant and major changes to the Minimum Data Set (MDS) are just a few of the challenges facing the skilled nursing sector at the dawn of 2023. But a new year is also a time for optimism. Favorable Medicaid policies, the growth of strong regional […]

SavaSeniorCare Expects to Cease Operations by Early 2023

After divesting of its sizable portfolio over the course of several years, SavaSeniorCare will cease to exist as a company once its last five nursing homes transition to other operators, which the company expects to occur by the end of January 2023. The end of Atlanta-based Sava marks another sea change in the skilled nursing […]

Sabra CEO: North American Portfolio Transition to Ensign, Avamere is ‘Best Possible Outcome’

Nursing home operators continue to reevaluate their position at this stage of the pandemic, as the industry continues to tackle a historic workforce shortage – some, like North American Health Care Inc., have decided to downsize in order to better manage existing properties. This shift to a more conservative strategy serves as the backdrop to […]

Ensign COO: No Slowing Down on Deals as 3Q Marks Busiest Acquisition Quarter in Years

The Ensign Group (Nasdaq: ENSG) kept busy during the third financial quarter, signing off on a whopping 17 new skilled nursing deals. Ensign COO Chad Keetch told listeners during the company’s latest earnings call on Thursday that it was “one of the biggest” acquisition quarters in several years. The San Juan Capistrano, Calif.-based operator is […]

Rethinking the Role of the Nursing Home CEO

Doing away with large, multi-layered corporate structures, as some of the largest skilled nursing operators have done in recent months, has given companies both big and small the opportunity to assess — and in some cases — rethink the role of the company’s top executive. Iowa-based Accura HealthCare CEO Ted LeNeave purposely placed himself at […]

Nursing Home Industry Recovery Requires More Pain and Innovation

It’s hard to pin down how nursing home operators should be feeling as the end of the year approaches. The best way I could describe it, one week after attending the American Health Care Association/National Center for Assisted Living (AHCA/NCAL) conference in Nashville, is a combination of optimism and pessimism that fluctuates depending on the […]

Ensign On Track to Overtake Genesis As Largest Nursing Home Operator

The Ensign Group (Nasdaq: ENSG) is poised to overtake Genesis HealthCare as the largest nursing home operator in the country as it continues to build upon its rapidly growing portfolio, according to ownership data released last week by the Centers for Medicare & Medicaid Services (CMS). Ensign could be the largest skilled nursing provider in […]

Nursing Home Industry Takes National Stage Again as House Hearing Skewers For-Profit Ownership

The nursing home industry was thrust back into the national spotlight this week as federal lawmakers called out for-profit ownership for their lack of resources during the early months of the pandemic and confounding corporate structures. The Congressional Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James Clyburn, held a hearing on Wednesday to […]

Odds Are Against Texas Operator Growth As Federal Reforms, Chronic Underfunding Compound

Federal reforms — on top of chronic underfunding in the state — has Texas-based Cascade Health Services fearing that certain facilities will be left at a disadvantage as the operator looks to grow regionally. Permanent Medicaid rate increases could be a start, Cascade CEO Ron Haney told Skilled Nursing News, but facilities in Texas will […]

Welltower CEO: ProMedica on Better Footing Despite Agency Labor Hurdles

ProMedica Senior Care is on a better path more than a year after Welltower (NYSE: WELL) bolstered its joint venture with the senior housing and care operator — but agency labor remains a challenge. The Toledo, Ohio-based health system this year has reported significant losses in its senior care division — which includes skilled nursing […]

ProMedica Senior Care President: Nursing Home Operators Need to ‘Embrace the Disruption’

ProMedica’s Angela Brandt is fairly upbeat about the year ahead, despite the fact that the not-for-profit health system’s senior care division is facing rough waters and headwinds continue to pound the industry as a whole. ProMedica Senior Care reported a $124.3 million loss during the first quarter of 2022, pointing to lagging occupancy recovery and […]

How ProMedica Senior Care, Genesis, Principle LTC Envision the Future SNF Business Model

Building partnerships with leaders of different parts of the health care continuum will continue to be a big part of strengthening the industry’s business model, as getting recognition from other sectors builds credibility, along with referrals and business opportunities. That’s according to executives from Genesis HealthCare, ProMedica Senior Care and Principle LTC. Larger corporate organizations […]