A U.S. Bankruptcy Court approved the sale of eight of Guardian Healthcare’s nursing facilities to GBK Eight LLC on Wednesday. This follows Guardian’s completion of the transfer of operations at 11 skilled nursing facilities to Oxford Valley Health on Tuesday. “All the facilities remain open and are focused on delivering quality care, ensuring the health […]
Guardian Healthcare
Omega Healthcare Investors (NYSE: OHI) executives remained optimistic about occupancy growth, although ongoing staffing pressures at partner nursing homes in certain states contributed to bottlenecks at hospitals. The Maryland-based real estate investment trust (REIT) reported a strong third quarter, with executives touting a strong investment pipeline amid a flurry of dealmaking for the sector at […]
Nursing home sector leaders and financial backers are basing their future plans heavily on Medicaid rate increases seen across the country, as some states meet the moment with substantial increases to combat inflationary pressures and staffing costs. Others, meanwhile, haven’t increased rates in a meaningful way and have not kept pace with increased costs that […]
As the nursing home industry continues to work its way through ongoing workforce and occupancy challenges, one of the nation’s largest owners of skilled nursing facilities is keeping a close eye on how states are extending or making permanent the Medicaid funding boosts tied to the Covid-19 public health emergency (PHE). The Omega Healthcare Investors […]
While Covid cases have fallen “exponentially” for real estate investment trust Omega Healthcare Investors (NYSE: OHI) with noted occupancy recovery seen in Q1 2022, its skilled nursing tenants continue to face operating challenges as staffing shortages and increased expense pressures have led to continued rent deferrals and nonpayments. With 14.5% of Omega’s contractual rents and interests […]
Conditions stemming largely from the omicron variant of Covid-19 have halted the recovery process for one of the nation’s largest owners of skilled nursing facilities, Omega Healthcare Investors (NYSE: OHI). Luckily, omicron has not exacted too steep a toll on residents’ health, but it has created severe staffing challenges and suppressed occupancy; resulting liquidity issues […]
Despite freezing admissions for a short time at the onset of the pandemic, Guardian Healthcare’s hospital referrals have bounced back since that time – which may be something of an anomaly in the skilled nursing space. The Brockway, Pa.-based provider with roughly 50 SNFs spread throughout Pennsylvania, West Virginia and Ohio has seen a significant […]
Operators continue to face liquidity and workforce shortage issues at this point in the pandemic, Omega Healthcare Investors (NYSE: OHI) told shareholders during its third quarter earnings call on Friday, but anticipated Provider Relief Funds (PRF) and state initiatives will offset costs when they arrive. Florida’s nearly $100 million funding initiative for nursing homes, along […]
Although nursing home operators have gotten a bit of a respite with the federal vaccine mandate expansion announced on Thursday, some say that doesn’t deter their efforts to educate staff and get as many vaccinated as possible prior to the federal government releasing further guidance in October. The Biden administration mandated the COVID-19 vaccine for […]
Subscribe
Receive industry updates and breaking news from SNN.