Summit Healthcare REIT Acquires Interest in 9 Northeast SNFs Summit Healthcare REIT, Inc. acquired an interest in nine Northeast skilled nursing facilities for $60 million, the Lake Forest, Calif.-based Summit announced in a press release. The facilities, with a total of 1,285 beds, will be leased back to the existing operator. The purchase was made through […]
A five-star rating from the Centers for Medicare & Medicaid Services (CMS) can boost a skilled nursing facility’s profile in a community and perhaps attract increased attention — and dollars — from potential investors. But savvy buyers should consider the wider context of a particular SNF’s Nursing Home Compare stars, as buried beneath a supposedly “bad” […]
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