SunTrust Provides $29.7M Skilled Nursing Financing in Florida; $35M SNF Breaks Ground in Idaho

SunTrust Banks, Inc. (NYSE: STI) served as senior debt lender for a $29.7 million financing for the construction of a new skilled nursing facility in Florida, CityBizList reported. The 180-bed facility is being built in Apopka, Florida, by Greystone Healthcare Management; construction started in April of this year and is expected to finish in early […]

Greystone Taps Senior Living Vet Handelson to Run Chain of 28 SNFs

Skilled nursing operator Greystone Healthcare Management announced the appointment of Stephanie Handelson, a longtime leader in the senior living industry, as CEO. Handelson formally assumed the top spot at the chain of 28 skilled nursing facilities on Monday, succeeding interim CEO Gerry Jenich. The Tampa, Fla.-based firm operates as the Greystone Health Network, with home […]

$30M Facility to Open in Miami; Kentucky SNF Sells for $6.5M

Greystone Healthcare Management Announces New $30M Facility in Miami Greystone Healthcare Management announced the opening of a skilled nursing facility in Miami this fall. The center will feature various medical services and specialized orthopedic, cardiac, and stroke rehabilitation programs. Greystone, which manages 28 facilities in Florida, invested $30 million into the 150-bed Kendall Lakes Health and […]

Tracking Skilled Nursing Patients to Save Money and Avoid the Hospital

Under considerable pressure to demonstrate their worth as the health care system moves to value-based care, skilled nursing providers are monitoring patients more closely — even after discharge. For some providers, that takes the form of a new nursing role. For others, it’s a more extensive networking endeavor. But the common focus is transitions of […]

Altercare Enters Agreement to Operate Six Ohio SNFs

Altercare Integrated Health Services, which operates 21 nursing care and rehabilitation centers in Michigan and Ohio, entered an agreement to acquire the operations of six centers in Ohio that are managed by Greystone Healthcare Management. Two remaining facilities are expected to follow in the next several months. Based in Tampa, Fla., Greystone Healthcare Management manages […]