New York City-based health care lender and asset manager MONTICELLOAM, LLC announced that it provided a $70 million, five-year loan to refinance a seven skilled nursing facility portfolio. That portfolio consists of 953 beds throughout Arkansas. The sponsors of the transaction have a total portfolio of approximately 1,200 beds in Arkansas and have a proven […]
Lexington Health Network
President Donald Trump’s plan to end the Deferred Action for Childhood Arrivals (DACA) immigration program may trim the number of workers available to the skilled nursing industry and worsen the industry’s ongoing labor difficulties. U.S. Attorney General Jeff Sessions announced on September 5 that the administration will end the Obama-era program that protects about 800,000 adults—usually […]
A new bill that would curtail immigration could cut off a key solution to the growing skilled nursing workforce crisis. The Reforming American Immigration for a Strong Economy (RAISE) Act, co-authored by Republican Sens. Tom Cotton of Arkansas and David Perdue of Louisiana and supported by President Trump, could result in a 50% reduction in […]
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