Operators See ‘Glimmer of Relief’ As Staffing Concerns Shrink

While the ever-present staffing shortages have continued to challenge operators across the industry, some indications may show a “glimmer of relief” as the most severe workforce woes could be behind the industry. Just 9% of senior care operators reported severe staffing shortages at their organization — down from 25% of respondents who reported the same […]

REITs, Other ‘Well Funded’ Skilled Nursing Investors Rejoice Buyers’ Market Return

Lenders in the skilled nursing space are increasingly more selective with their financing, adopting stricter underwriting standards while regulatory uncertainties and reimbursement changes leave investors more reserved. There is also a more defined shift toward a buyers’ market as well, as more transactions come back across the sector, according to analysts in the space. A […]

Inside the Forces Driving Skilled Nursing Valuations in 2022

Many investors have not shied away from the skilled nursing industry in spite of the ongoing labor shortages, rising costs and looming federal regulations consuming operators — and they don’t appear to be doing so anytime soon. Private buyers have continued to buy up the overwhelming majority of available assets, closing roughly $1 billion in […]

How Trilogy is Scaling its Senior Care Operations Using a ‘Strategically Opportunistic’ Approach

As Trilogy Health Services has grown from two facilities to 127 since Leigh Ann Barney came on board, the senior care company has continued to scale its business by being “strategically opportunistic.” What that means, according to Barney, is that Trilogy has acquired or built buildings by following the organization’s core tenants: Offering care across […]

Covenant Care Names New CEO

Covenant Care has tapped Nathan Ure as its next CEO. He joined the Covenant Care team in June after spending nearly eight years in executive leadership roles at Sun Mar Healthcare. Other career achievements include founding Cambridge Healthcare and being an early equity partner at the Ensign Group, according to a LinkedIn post announcing the appointment. […]

Federal Bill Seeks to Bring ‘Long-Overdue’ Transparency to Nursing Home Ownership, Finances

As the Biden administration continues to set its sights on nursing home ownership transparency, most recently through the unveiling of a new database, two members of Congress are trying to take it one step further. U.S. Rep. Jan Schakowsky of Illinois and Rep. Mark Takano of California last week introduced the Linking Investors and Nursing […]

Why HUD Financing May Be the Vehicle to Drive Skilled Nursing Innovation

If there’s one financial backing source that’s become a favorite among nursing home owners it’s U.S. Department of Housing and Urban Development (HUD) funding. Even still, it may come with some limitations. HUD loans can be used to purchase, build, refinance or remodel nursing homes, among other health care facilities, and their utilization in the […]

Nursing Home Industry Adds 5,400 Jobs in June

Hiring in the health care field continues to grow as employers in the sector saw an estimated 56,700 more jobs in the month of June. Nursing care facilities specifically added 5,400 workers last month, according to Bureau of Labor Statistics (BLS) data, but the industry still employs more than 200,000 fewer workers compared to pre-Covid […]

SNF Occupancy Recovery in 2021 Hampered by Staffing Shortages, Lingering Covid Effects

Ongoing staffing shortages and the lingering effects of the Covid-19 pandemic hampered skilled nursing census recovery in 2021. Occupancy during that time frame was down 11.2 percentage points compared to pre-pandemic levels in 2019. That’s according to the NIC MAP Vision skilled nursing annual data report, which includes metrics calculated based on a 12-month rolling […]

GAO Reportedly to Issue Report This Fall on Nursing Home Ownership Amid Private Equity Scrutiny

As the White House looks to hold nursing homes more accountable for the care they provide, signaling out private equity ownership as part of the problem, the Government Accountability Office is reportedly expected to release a report in the fall detailing its ongoing investigation into nursing home ownership. The investigation, in part, surrounds how much […]

SNF Occupancy ‘Slowly But Surely’ Picks Up in Q1

Occupancy recovery is picking up for the nursing home sector after a slight fall to begin 2022, according to a new data analysis from the data service affiliated with the National Investment Center for Seniors Housing & Care (NIC). Skilled nursing occupancy reached 77.6% in the first quarter of 2022, according to a NIC MAP […]