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 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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
It’s been a difficult week in the world of skilled nursing, with investigators still attempting to determine what went wrong at the Rehabilitation Center at Hollywood Hills in Hollywood, Fla., where a lack of power in the wake of Hurricane Irma led to the deaths of eight residents. As of Friday morning, about 50 of […]
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, […]
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 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 […]
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. […]
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 — […]
By continuing to use the site, you agree to the use of cookies. More Information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. For more information, see our cookie policy.
