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 […]
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 […]
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. […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
While nursing home operators welcome more time to certify temporary nurse aides (TNAs), many believe it’s simply not enough — and must be just the first in a series of steps the federal government has to take — to help revive a seriously depleted workforce from top to bottom. The Centers for Medicare & Medicaid […]
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 […]
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. … […]
Nursing home executives are increasingly exploring what it would take to start a SNF-at-home program, at a time when it has become apparent after the height of a global pandemic that patients would rather be cared for in the home when at all possible. For many skilled nursing providers it becomes part of a bigger […]
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 […]
National Health Investors (NYSE: NHI) has collected 82.7% of tenant rent for November, with deferrals still in place for at least one of its tenants through the next several months. Bickford Senior Living, one of NHI’s seniors housing operators receiving rent deferrals, makes up 3.8% of the remaining balance for the month, the real estate […]
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 […]
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