How a Bad Flu Season Can Affect Skilled Nursing Admissions, Staffing

For the first time in more than a decade, the U.S. Centers for Disease Control and Prevention (CDC) is reporting widespread cases of the flu in 49 states — and the historic bug could have an effect on nursing providers’ bottom lines. In fact, in the 13 years that the CDC has been conducting surveillance […]

Up-and-Coming Genesis Administrator Optimistic About SNF Workforce

With a staffing crisis looming over the senior care sector, industry surveys and news reports routinely trumpet the steep challenges in skilled nursing facility recruitment and retention. Success stories are harder to come by, but they are out there, providing examples of how SNFs can successfully attract top talent and develop the next generation of […]

Sabra Completes Sale of 20 Genesis SNFs for $103M

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) kicked off the new year by announcing the sale of 20 skilled nursing facilities operated by Genesis Healthcare, Inc. (NYSE: GEN). The deal, which netted Sabra $103.3 million, covers facilities across Kentucky, Ohio, and Indiana, the Irvine, Calif.-based real estate investment trust (REIT) announced. The buyers were not […]

Top Skilled Nursing Trends of 2018

Now that we’ve broken down the top 10 stories of the last year, it’s time for us to dive into our predictions for the top skilled nursing trends of the coming 12 months. Some key headwinds, such as questions over Medicaid reimbursements, declining occupancy, and new regulations — including the final round of the requirements […]

In the Pipeline: Two New SNFs Part of $201M Development in St. Louis

Construction: Planned St. Louis Senior Housing Expansions to Include More Skilled Nursing Friendship Village’s plans to spend $201 million on expansions at two St. Louis senior living communities could bring more skilled nursing care to the area. As outlined, the expansion would include a 90-bed skilled nursing facility (SNF) with a rehab clinic and gym in […]

Genesis HealthCare Faces Stock Delisting Warning Amid Financial Pressures

Genesis HealthCare (NYSE: GEN) this week received a delisting warning from the New York Stock Exchange, giving the skilled nursing provider six months to see improvements in its stock price. The Kennett Square, Pa.-based company’s stock averaged less than $1 per share over a recent 30-day trading period, a violation of the NYSE’s continued listing […]

Sabra Cuts Genesis Rent by $19 Million in Exodus Plan

Sabra Health Care REIT (Nasdaq: SBRA) has released details of a previously announced restructuring of its Genesis HealthCare (NYSE: GEN) portfolio, with the goal of making the skilled nursing and post-acute properties more marketable to potential buyers. Kennett Square, Pennsylvania-based Genesis, the largest skilled nursing provider in the nation, has been beset by problems during […]

Skilled Nursing Under Pressure from Every Imaginable Direction

Make no mistake: The skilled nursing industry is under threat from a range of forces, and no one is expecting it to end anytime soon. “[The industry is] under pressure from every imaginable direction, and it’s [only] getting harder,” said Russ DePriest, senior vice president and general manager-skilled nursing at PointClickCare. He spoke at the […]

Skilled Nursing Must-Reads: ManorCare’s Win, Genesis’s Reinvention

Earnings season has brought a flurry of news from publicly traded skilled nursing operators and landlords, so in case you missed them the first time around, here’s a quick glance at the biggest stories in the SNF world from the past week — including a major structural shakeup at a leading provider. After a judge […]

Genesis Plans Major Restructuring, Blames Historic SNF ‘Down Cycle’

Citing a declining census, rising nurse wages, and decreasing reimbursements, Genesis Healthcare (NYSE: GEN) this week announced a major restructuring of its leases with top landlords. The Kennett Square, Pennsylvania-based skilled nursing and post-acute care provider said it reached non-binding agreements with real estate investment trusts (REITs) Welltower, Inc. (NYSE: HCN) and Sabra Health Care […]

Genesis Tests Exoskeleton as Part of Innovation Push

The rehab-focused subsidiary of Genesis HealthCare (NYSE: GEN) is making an effort to study and pilot new technology—including futuristic innovations like an exoskeleton for rehab patients. The Kennett Square, Pennsylvania-based Genesis Rehab Services (GRS), which provides rehabilitation services at more than 1,700 locations across the U.S., is linking up with some forward-thinking startups to foster new […]

In the Pipeline: Genesis to Open $21 Million SNF in Maine

Construction: Planned Genesis to Open $21 Million SNF in Maine Genesis Healthcare is planning to open a 90-bed, $21 million nursing home at a health care campus in Sanford, Maine. The new skilled nursing facility will be built and owned by the Sandy River Company, and operated by Genesis Healthcare, according to Bangor Daily News. […]

Skilled Nursing Facilities in Crisis Mode as Hurricane Irma Batters Florida

Skilled nursing facilities (SNFs) in Florida and elsewhere in the Southeast are facing an enormous test. Hurricane Irma forced an unprecedented number of evacuations prior to making landfall in Florida early Sunday morning, with the storm’s size and severity creating complications as SNFs executed their emergency plans. Irma is expected to weaken by Monday morning, […]

Despite Signature Troubles, Sabra Sees Bright Post-Merger Future

Fresh off the approval of its blockbuster merger with Care Capital Properties, Sabra Healthcare REIT, Inc. (Nasdaq: SBRA) on Friday trumpeted the better-than-estimated value of the deal — and predicted an orderly solution to one of its continuing problems. The company had been conservative in its pre-merger projections, CEO Rick Matros said on a conference […]

Sabra CEO Rebukes Activists, Sees Skilled Nursing Upsides

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) came out swinging against activist shareholders on the company’s quarterly earnings call Thursday afternoon, trumpeting the potential of skilled nursing facilities in the future and questioning the credentials of those who have criticized its impending merger with Care Capital Properties (NYSE: CCP). A nearly “pure play” SNF real estate […]

In the Pipeline: New SNF Construction in Ohio, Tenn.

Construction: Planned $20 Million Retirement Home Planned in Nebraska Vetter Health Services plans to build a $20 million retirement home in Kearney, Neb., reports the Kearney Hub, a local news site. The campus, dubbed Brookestone Gardens Retirement Campus, will house a 60-bed skilled nursing facility and 40 assisted-living apartments. Brookstone Gardens is currently scheduled to open in 2018. […]

Highest Paid Chief Executives in Skilled Nursing

Though many of the chief executives behind some of the biggest public skilled nursing companies in the U.S. made millions of dollars last year, some earned more than others. Company leaders at Quality Care Properties (NYSE: QCP), Kindred Healthcare (NYSE: KND), and Omega Healthcare Investors (NYSE: OHI) made the most in total compensation in 2016 — […]