Risk-Sharing ‘Cluster’ Nursing Home Models Gain Traction as Genesis Eyes Future Implementation

A growing number of skilled nursing providers are adopting a regional “pod cluster” model  championed by nursing home giants such as Ensign Group (Nasdaq: ENSG), National HealthCare Corp., and PACS Group (NYSE: PACS), to gain operational efficiencies, foster collaboration, and drive better clinical and financial outcomes.  And now, Genesis too is eyeing the pod cluster […]

NHI Execs Note $264M Pipeline and Nursing Home Assets’ Insulation from Potential Medicaid Cuts

Nursing home assets for National Healthcare Investors (NYSE: NHI) are stable, with coverage increasing during the first quarter, and executives suggesting Tuesday that its skilled nursing portfolio was largely insulated from potential Medicaid cuts. NHI’s geographic exposure was one factor protecting it against any reductions to federal funding. Much of the company’s skilled nursing facility […]

NHI Touts Nursing Home Portfolio’s ‘Great Performance’ in 4Q, with Plans for Expansion Intact

Executives for National Healthcare Investors (NYSE: NHI) shared optimism about the financial performance of its skilled nursing holdings and plans to expand that part of the portfolio. However, they deemed the nursing home assets too expensive at the moment, with few opportunities at reasonable pricing that meet the real estate investment trust’s (REIT) underwriting criteria. […]

Top Nursing Home Leaders Push Back on Lawmakers’ Critique for Pay Boost

As the industry fights the unfunded federal minimum staffing mandate in court, nursing home executive compensation is under scrutiny from Democratic lawmakers, who are criticizing some leaders in the sector for giving themselves pay raises. However, leaders in the sector are pushing back. Specifically, the executive pay of three major operators – The Ensign Group […]

CIBC, Greystone Monticello Provide $137M to Refinance SNF Portfolio; NHC Adds Skilled Nursing in Carolinas

CIBC Bank USA and a Greystone Monticello affiliate, along with other co-lenders, provided 980Investments with $137 million to refinance a nursing home portfolio. 980Investments is owned by Simcha Hyman and Naftali Zanziper, and the 1,135-bed portfolio is located in North Carolina. CIBC additionally provided a $6.5 million revolving line of credit to support the ongoing […]

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 […]