NIC Chief: Skilled Nursing Opportunity Lies in Senior Housing Partnerships

As value-based care models place greater emphasis on individual resident outcomes — and less importance on the particular care setting — partnerships with senior housing providers could represent a major opportunity for the beleaguered skilled nursing industry. That was the main message from National Investment Center for Seniors Housing & Care (NIC) president and CEO […]

[Webinar] Rethinking Partnerships and Collaboration in Care Delivery

Register NowTime: 1:00 pm – 2:00 pm CSTDate: Tuesday, January 8th The care delivery landscape is experiencing a seismic shift. As payers and providers assign new values to care, skilled nursing operators and industry participants face greater risks in doing business in today’s environment. This webinar will dive into an expert discussion on how to […]

Wave of PDPM Sell-Offs Has Already Begun in Skilled Nursing

With the Patient-Driven Payment Model (PDPM) looming in 2019, some skilled nursing facilities have already decided to make their exit rather than deal with the challenges of the new Medicare payment system. “I know of a number of buildings in northern California that have already started to transition,” Mark Lamb, the chief investment officer at […]

Skilled Nursing Poised to Become ‘Biggest, Cheapest Game in Town’

In an industry where a coming wave of customers seems to be permanently just out of reach, skilled nursing facilities have to be braced for some short-term pain. But if they take charge of their strategies and relationships, it’s possible for them not just to survive, but to thrive. That was the message from a […]

Employee Satisfaction Has Direct Impact on Bottom Line in Skilled Nursing

A recent survey found a strong correlation between employee satisfaction and resident engagement — which in turn boosts referrals. That means that engaging employees can be a path to better returns on investment. “The happier the employees, the happier the residents, the better the money,” Todd Schmiedeler of Trilogy Health Services said at a Wednesday […]

NY Times: Lower Census Causing Hundreds of Nursing Homes to Close Each Year

The New York Times covered the issues stemming from declining nursing home occupancy on Friday, detailing how shrinking numbers of residents has led to empty beds and hundreds of closures. Nicholas Castle, a researcher at the University of Pittsburgh, told the Times that 200 to 300 nursing homes close in the United States each year. […]

Per-Bed Prices for Skilled Nursing Facilities Fall in Second Quarter

The skilled nursing sector saw yet another downward trend in the second quarter, this time in the price-per-bed metric as measured by data from the National Investment Center for Seniors Housing & Care (NIC). For the second quarter of this year, the price per bed for skilled nursing facilities sat at $84,200. Though the price […]

Occupancy Pressure Continues to Plague Nursing Care Sector

Nursing care occupancy rates fell again during the first quarter of 2018 according to data from the National Investment Center for Seniors Housing & Care (NIC). The occupancy rate for nursing care decreased to 86.2% in Q2, down from 86.5% in the first quarter of this year. One of the bright spots in the data was […]

New Nursing Care Units Take Longest to Fill After Opening

Despite a surprisingly high median occupancy number, the lease-up rate for nursing care units lags behind the other three key asset classes in the seniors housing and care space. The National Investment Centers for Senior Housing & Care (NIC) found that median occupancy at nursing care units in new properties sat at 92% after 16 quarters of operation — […]

Private Pay Skilled Nursing Shouldn’t Be Ignored, Especially in Rural Areas

Private-pay residents are frequently overlooked as a revenue source in the skilled nursing world, and with some cause: They don’t have the staying power of Medicaid or the sizable market share of Medicare or managed care. But ignoring that stream altogether could be a mistake, particularly for operators with more rural locations. “There are so […]

Volume Drops 45%, But Private Buyers Active in Seniors Housing, Care Sector

Private buyers accounted for $1.3 billion in closed transaction volume in the seniors housing and care sector, according to new first-quarter data from the National Investment Center for Seniors Housing & Care (NIC) — though overall mergers-and-acquisition volume took a major tumble. Nursing care transactions included about $900 million in closed deals, while seniors housing […]

ManorCare Mega-Deal Blurs Care Lines, But Will Doctors Buy In?

When assessing the deal struck by Welltower (NYSE: WELL) to acquire Quality Care Properties (NYSE: QCP) and by ProMedica to acquire HCR ManorCare, outsiders should look at whether the players can pull off a genuine team-based approach to care. That’s according to Bob Kramer, founder of the National Investment Center for Seniors Housing & Care (NIC). The […]

Traditional Lenders Take ‘Selective’ Approach to Skilled Nursing

Headwinds are ripping the skilled nursing industry from the ground up, and financing is no exception, according to a debt financing panel at the National Investment Center for Seniors Housing & Care Spring Investment Forum in Dallas. “We are being selective in our approach to skilled nursing and there’s no two ways about it,”  Jeff […]

Perceived Risk Hides Potential Upsides for Skilled Nursing Investors

The headlines for the skilled nursing sector include such uplifting topics as bankruptcies, lawsuits, and declining occupancy — to name just a few — and are enough to make any investor think twice about putting money in the industry. But “the perceived risk is higher than actual risk” in the sector, at least according to […]

Nursing Care Occupancy Rate Inches Upward in First Quarter

Nursing care occupancy improved from the fourth quarter of 2017, according to new data from the National Investment Center for Seniors Housing & Care (NIC). The nursing care occupancy rate improved from 86.2% in the fourth quarter to 86.5% in the first quarter of 2018. The annual inventory growth rate for nursing care, on the other […]

Operators See Opening to Shape Managed Care Policy in States

Managed care is on the rise in both Medicare and Medicaid, but skilled nursing and long-term care (LTC) providers don’t necessarily need to play catch-up. In fact, they have room to influence the direction of managed care in their states, according to a panel at the National Investment Center for Seniors Housing & Care (NIC) […]

Skilled Nursing Occupancy Falls Again in Q4 2017

Skilled nursing occupancy took another hit in the fourth quarter of 2017, dropping 66 basis points from the third quarter to end at 81.9%. Not even a severe and early flu season could help boost it, according the fourth quarter Skilled Nursing Data Report from the National Investment Center for Seniors Housing & Care’s (NIC). “Historically, occupancy […]

Per-Bed Skilled Nursing Prices Trickling Downward

After a year that saw reports of eye-popping prices for skilled nursing beds, the trend appears to be headed in the opposite direction. The per-bed price for skilled nursing facilities dropped 1% between the third and fourth quarters of 2017, falling to $83,800 according to the most recent data from the National Investment Center for […]

New Bundled Payment Models Could Shove Out SNFs

Post-acute care providers will have to adapt to a bundled payment system that gives primacy to hospitals and physicians — and to do that, they’ll have to prove their value to a host of partners, according to a recent blog post from the National Investment Center for Seniors Housing & Care (NIC). The Centers for […]

Nursing Care Transactions Drop Almost 11% in 2017

Nursing homes dragged down overall senior housing transaction volume in 2017, according to preliminary data from the National Investment Center for Seniors Housing & Care (NIC). Nursing care transactions volume fell 10.8%, from $7 billion in 2016 to $6.2 billion in 2017. By contrast, seniors housing increased 4.5% percent, rising to $7.9 billion in 2017 […]