Ensign Group Takes Victory Lap After Record Quarter for Earnings

Executives at skilled nursing operator The Ensign Group (Nasdaq: ENSG) on Thursday touted record earnings numbers and continued to insist that the post-acute and long-term care space isn’t as difficult as the headlines and headwinds may make it seem. The Mission Viejo, Calif.-based firm set company records for adjusted earnings per share and diluted earnings […]

White Oak Lands $190M Financing for 17 Former Kindred SNFs

White Oak Healthcare Finance helped arrange a $190 million senior credit facility for 17 skilled nursing facilities owned by the joint venture BM Eagle Holdings, led by affiliates of BlueMountain Capital Management. White Oak acted as administrative agent and lead lender on the funding of the credit facility, which will be used for facilities in […]

Maryland Nursing Home Sells for $15M, Developer Eyes Office Conversion in NJ

Pennsylvania ManorCare Facility Purchased by Tryko Partners Brick, N.J.-based private equity group Tryko Partners purchased ManorCare Health Services at Mercy Fitzgerald Hospital in Yeadon, Penn., The Philadelphia Inquirer reported. The 129-bed nursing home was renamed Providence Rehabilitation and Healthcare Center at Mercy Fitzgerald. The price was not disclosed, but Tryko said it is planning a $2.5 million renovation […]

Former Kindred Executive Named COO of Wingate Healthcare

Wingate | CC BY-SA 2.0 Jill Bosa has been named chief operating officer (COO) at Wingate Healthcare, a senior living and health care services provider in Massachusetts, Rhode Island, and New York. Bosa previously served as COO of the Nursing Center Division at Kindred Healthcare (NYSE: KND), where she oversaw more than 100 skilled nursing facilities, assisted living […]

Massachusetts Lawmakers Want Investigation of Kindred SNF Closures

Eight Massachusetts state legislators have asked state Attorney General Maura Healey to investigate Kindred Healthcare (NYSE: KND) as it plans to close four nursing homes and an assisted living facility in the greater Boston area, the Boston Globe reported. The lawmakers accused Kindred of misusing state funds at the facilities it plans to close, including […]

Skilled Nursing Transactions: Kindred Continues SNF Sell-Off

Kindred Provides Update on Closings for Its Skilled Nursing Facility  Louisville, Kentucky-based Kindred Healthcare said it completed additional closings connected with its agreement to sell off its skilled nursing assets to BM Eagle Holdings, LLC. The most recent closings include 12 skilled nursing facilities and one assisted living facility sold since Oct. 1, with proceeds […]

Kindred Offering $10K Signing Bonus to Attract Registered Nurses

Louisville, Kentucky-based Kindred Healthcare is offering a $10,000 signing bonus for each of five registered nurse (RN) positions in the Louisville area listed on its job website. The high signing bonus, first reported by Louisville Business First on Friday, is also available to RNs in California, New Mexico, Missouri, Colorado and Georgia, Kindred’s job site indicates. […]

Kindred Posts Solid Revenues Amid Ongoing SNF Sell-Off

Kindred Healthcare, Inc. (NYSE: KND) turned in a better-than-expected third quarter, beating analysts’ estimates for revenue and announcing ongoing partnerships with its soon-to-be-sold portfolio of skilled nursing assets. The Louisville, Ky.-based operator has sold 68 of the 89 SNFs involved in its exit from the space, in a deal initially announced back in June, with […]

Signature, Kindred CEOs Help Create Louisville Health Care Group

On the heels of opening the industry’s first-ever technology innovation hub in Louisville, Kentucky, some of the health care leaders involved with the project are banding together with CEOs from other Louisville-based health care companies—including Signature HealthCARE, Humana and Hosporus. The group’s mission: to transform the city’s health care economy by establishing the Louisville Healthcare CEO Council, […]

Skilled Nursing Must-Reads: The $1 SNF, Occupancy Drops

Welcome to Skilled Nursing News’s weekly roundup of the top headlines you need to see to kick-start your morning — from a SNF with a curiously low asking price to more negative trends in occupancy to the long-term effects of a lawsuit over snacks in Pennsylvania. SNN readers flocked to the story of a former […]

Kindred Makes Everyone a Recruiter to Win New Staff

Post-acute giant Kindred Healthcare (NYSE: KND) is not afraid of making changes—including currently exiting the skilled nursing industry after years of being a major provider. But for staff recruitment, the Louisville-based company is a big believer in tried-and-true methods. Like other providers across the health care spectrum, Kindred has been utilizing social media and other digital […]

CareTrust REIT Picks Up 13 Former Kindred SNFs

CareTrust REIT, Inc. (Nasdaq: CTRE) continues to snap up skilled nursing facilities previously operated by Kindred Healthcare, Inc. (NYSE: KND), announcing on Tuesday the acquisition of 13 properties in Washington, Texas and Idaho. The deal includes all seven former Kindred SNFs in Idaho, which are now operated by the Eagle, Idaho-based provider Cascadia Healthcare, LLC, as […]

Kindred SNF Sell-Off Continues with $108M, 12-Property Deal

Kindred Healthcare, Inc.’s (NYSE: KND) exit from the skilled nursing industry continued Monday morning as the company announced the formal sale of 14 more SNFs. The Louisville, Ky.-based operator offloaded 12 of those properties, along with four assisted living facilities, as part of an ongoing transaction with buyer BM Eagle Holdings. The 16 properties had […]

Skilled Nursing Must-Reads: Occupancy Drops, SNF’s Fraud Drama

The industry continues to sort out what went wrong in Florida, but there were other headlines from the week in skilled nursing, including some grim numbers from the National Investment Center for Seniors Housing & Care (NIC) and an interesting ownership shuffle for some former Kindred facilities. First, the bad news: Nursing home occupancy dipped […]

Ohio-Based CommuniCare to Operate 16 Former Kindred SNFs

Large regional care provider CommuniCare has announced it will take over 16 of Kindred Healthcare’s (NYSE: KND) former skilled nursing facilities in Indiana. The SNFs will provide rehab and holistic healing services, according to a press release. Current staffers are expected to remain in place during the transition. With the latest acquisition, the Cincinnati, Ohio-based provider now operates […]

Kindred Completes First Round of Skilled Nursing Sell-Off

Kindred Healthcare, Inc. (NYSE: KND) on Thursday took the first step toward its planned exit from the skilled nursing space, announcing the sale of 54 SNFs in 10 states. The $519 million transaction involves the majority of the 89 total SNFs and seven assisted living facilities that Kindred will sell to BM Eagle Holdings — a joint […]

Kindred Talks Life After Skilled Nursing on Earnings Call

Kindred Healthcare, Inc. (NYSE: KND) tackled life after skilled nursing on its second-quarter earnings call, the first after it finalized a $700 million deal to sell off its SNF assets in late June. “This transaction is an important step in the ongoing strategic transformation of Kindred,” president and CEO Benjamin Breier said, identifying the company’s […]