Landmark Hospice Bill Draft Includes Nursing Home-Related Proposals

Rep. Earl Blumenauer (D-Oregon) on Thursday announced that a draft bill is underway that, if enacted, would bring unprecedented reforms for hospice payment and oversight. The draft bill comes as more skilled nursing operators expand their hospice offerings, including by launching their own hospice businesses or more closely partnering with existing hospice providers. Blumenauer announced […]

NHC Acquires 15 Skilled Nursing Facilities; Ignite Medical Resorts Expands in Indiana

National HealthCare Corporation (NYSE: NHC) plans to acquire the White Oak Senior Living portfolio, with facilities across North and South Carolina. White Oak consists of six skilled nursing facilities in North Carolina, three of which are continuing care retirement centers, and including one leased facility. In South Carolina, the portfolio consists of nine skilled nursing […]

Legislators Question Corporate Profits at 3 Nursing Home Giants Amid Efforts ‘To Kill’ Staffing Rule

The corporate spending of three publicly traded nursing home companies are at the center of questioning by legislators, who sent letters to them Sunday demanding more information on executive compensation, stock buybacks and dividends. In the midst of the industry’s opposition to the federal government’s minimum staffing mandate, the letters signed by the Senators Elizabeth […]

Ahead of NHC Lease Negotiations, Activist Shareholder Calls for NHI Board Shakeup

An activist investor of National Health Investors (NYSE: NHI) has called for changes to the real estate investment trust’s (REIT’s) board of directors , ahead of lease negotiations with one of the REIT’s largest tenants, National HealthCare Corporation (NHC). Land & Buildings Investment Management issued a letter to shareholders on Thursday, urging a shakeup in […]

Bright Spots and Overhangs: NHI Execs Weigh in on Occupancy Gains, Cost of Capital, Nursing Home Staffing Mandate

Cost of capital, occupancy recovery across all assets and the minimum staffing proposal were top of mind for National Health Investors Inc. (NYSE: NHI) during its third quarter earnings call on Wednesday. NHI CEO Eric Mendelsohn said there was a bit of a fakeout in terms of occupancy recovery last December, with operators saying there […]

‘Pillars of Stability’: NHI Says SNF Assets Strong, Even Poised to Handle Potential Staffing Mandate

National Health Investors (NYSE: NHI) posted a bumpy second quarter pressured by rent collection, but executives said the company continues to eye deals with expectations to announce new investments in 2023 as economic conditions are beginning to favor a “buyer’s market.” “[Tenants] are struggling in this post pandemic era, which introduces variability to our quarterly […]

NHI CEO: SNF, ​​Seniors Housing Dispositions Paving the Way for Future Investments 

National Health Investors Inc. (NYSE: NHI) teased more investment activity before the end of the year, as sales of underperforming assets continue to buy the real estate investment trust (REIT) freedom to take advantage of a normalizing seller’s market. NHI CEO Eric Mendelsohn said the Murfreesboro, Tenn.-based REIT is targeting another $50 million to $60 […]

NHC Ties 3Q Revenue Decrease to Portfolio Trimming, Dried Up Government Stimulus

The third financial quarter for the nation’s oldest publicly traded senior health care company was marked by a modest decrease in net operating revenues — largely due to the lack of federal stimulus support and the offloading of seven SNFs. National HealthCare Corporation (NYSE American: NHC) ended the third financial quarter with $270,843,000 in net […]

More Skilled Nursing Providers Fill Care Gaps with Palliative, Hospice Services

More than two years after Covid-19 first hit the United States, more nursing home operators are expanding services for residents, in part to address care gaps exposed by the pandemic. Palliative and hospice care in particular are two service lines operators are targeting. Murfreesboro, Tenn.-based National Healthcare Corp. (NHC) acquired outstanding stakes in Caris Healthcare […]

SNF Assets Prove Resilient as NHI Continues Portfolio Optimization

Leading skilled nursing partners including the Ensign Group (Nasdaq: ENSG) and National HealthCare Corporation (NHC) continue to drive “business resilience” for National Health Investors Inc. (NYSE: NHI). That’s according to NHI CIO Kevin Pascoe, who touched on the topic during a second-quarter earnings call Tuesday. “Business resilience is primarily attributable to NHC and Ensign. … […]

NHI CEO: SNF Assets Provide Stability Amid Restructuring Efforts

Skilled nursing assets have performed well for National Health Investors (NYSE: NHI), providing stability while the real estate investment trust (REIT) works to switch out underperforming seniors housing assets, according to leadership. SNFs and continuing care retirement communities (CCRCs) currently account for nearly two-thirds of the REIT’s cash revenue, CEO Eric Mendelsohn said during Wednesday’s […]

NHI CEO: Skilled Nursing Assets Provide ‘Blueprint’ to Stable Growth

National Health Investors Inc. (NYSE: NHI) CEO Eric Mendelsohn said its skilled nursing operators serve as a “blueprint” for long-term stability and growth at this point in the pandemic, during a third quarter earnings call late Monday. NHI’s skilled portfolio represents 32% of its annualized cash revenue, with National Healthcare Corporation (NYSE: NHC) and the […]

NHI CEO: Skilled Nursing Outperforms Assisted, Independent Sectors

National Health Investors’ (NYSE: NHI) skilled nursing assets are outperforming assisted and independent living properties at this stage of the pandemic. Memory care is also on the company’s list of underperforming assets. These three types of properties experienced more significant occupancy and margin pressure, driven by staffing shortages and in turn increased hourly rates and […]

NHC Dips into Hospice and Palliative Care, Diversifying Across Continuum

National Healthcare Corp. looks to further diversify its service lines within the care continuum, this month acquiring outstanding stakes in hospice and palliative care system Caris Healthcare for $38.95 million. NHC deals primarily in skilled nursing facilities, with its affiliates operating 75 SNFs, followed by 35 home health agencies, 28 hospice agencies, 24 assisted living […]

NHI: Nosediving COVID Case Counts in Nursing Homes Heartening, But Not Yet Leading to Stronger Census

The vaccine rollout at nursing homes and other congregational care settings has brought rapid and substantial declines in COVID-19 case numbers, but leaders at a top landlord in the sector say the desperately welcome trend has yet to have an impact on persistently low occupancy. “Fortunately, the rollout of the vaccine to over 94% of […]

$42.08M in Financing for Virginia SNF; Greystone’s $10.37M Bridge Loan

MONTICELLOAM, LLC and its affiliates announced $42.08 million in first lien debt financing for the acquisition of a skilled nursing facility in Virginia. The transaction includes a $3.5 million working capital loan for the operating companies, provided by Monticello Commercial Capital, the real estate and asset-based lender, asset manager and servicer’s asset-based lending group. The […]