It’s no surprise that the Biden administration’s minimum staffing mandate was the source of Skilled Nursing News’ most-read story of 2024. From the proposal stage to its final form, our stories on the staffing mandate covered all aspects of its requirements as well as the legal and legislative challenges against it. Our stories about the […]
LaVie Care Center
The nursing home industry has been on a wild ride this past year, with major regulation up in the air and a flip in the White House leaving operators unsure of whether they should applaud or brace for impact. Rhetoric surrounding the federal minimum staffing mandate has changed drastically throughout the year, with leaders condemning […]
Four nursing homes in Pittsburgh barely avoided closure after an agreement was reached on Monday to sell the properties to New York-based WeCare Center, which operates 10 facilities between the two states. The sale was approved by a bankruptcy court judge after an agreement was reached between creditors and the federal government, according to a […]
LaVie Care Centers, operator of 43 skilled nursing and assisted living facilities, filed for Chapter 11 bankruptcy on Sunday. Intending to facilitate an efficient financial restructuring plan with minimal disruption to its operations, LaVie filed voluntary petitions for relief under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Georgia. Despite the […]
Following its first quarter earnings release, executives at Omega Healthcare Investors Inc. (NYSE: OHI) said Wednesday that new investments along with restructuring of existing deals will result in gains. This is in part due to rent deferrals ending on some of Omega’s properties and operating trends continuing to improve for the sector, company leaders said […]
Omega Healthcare Investors Inc. (NYSE: OHI) on Monday announced some transaction and rent deferral updates regarding two skilled nursing operators, one in the U.S. and one in the U.K. The Maryland-based real estate investment trust (REIT) said it sold 11 of its LaVie Care Center properties to an unnamed third party for $129.8 million, also […]