The nursing home industry has long been governed under a carrot and stick system, but some worry the Biden administration may be too focused on the latter in its recently unveiled reform proposals. While the reform’s staffing standards have been called “out of touch” and its emphasis on policing private equity is seen by some […]
Persistent skilled nursing headwinds – namely the ongoing labor crisis – have largely marred occupancy gains for the industry since census first took a dive at the start of the pandemic. Additionally, high levels of turnover among skilled nursing positions across the board is resulting in the need for increased wages and bonuses, among other […]
While the Biden administration is seemingly trying to push private equity out of the skilled nursing sector, there seems to be growing confusion and frustration on how blaming such a small fraction of the overall sector is going to solve some of the challenges the industry currently faces. The skilled nursing market has been one […]
Skilled nursing workers are in the midst of a mass exodus from the profession, and not even unprecedented wage increases can compensate for the concerns of the 238,000 caregivers who have left the industry since the start of the COVID-19 pandemic. The combination of workload, environment, culture and the physical and emotional strain exacerbated an […]
With most states operating under certificate of need (CON) laws and access to capital scarce for skilled nursing providers, new construction isn’t expected to pick up for skilled nursing until greater strides are made in COVID-19 recovery for the sector. While there has been some momentum with federally and state-backed projects, primarily through the U.S. […]
As the nursing home industry tried to digest a sweeping set of industry reforms proposed by the Biden administration on Monday, a Capitol Hill lawmaker got in on the action by proposing a bill to force private equity firms to disclose their ownership in facilities. Amid all these developments, one thing has become evident: the […]
Private equity investment in the skilled nursing space has gained steam over the last few years, even before the COVID-19 pandemic, and that is only expected to continue in 2022 as more competition has returned to the marketplace. The trend was evident throughout 2021 as the most active buyers throughout the year were private equity […]
If the latest COVID-19 variant has revealed anything about the care continuum, it’s that temporary solutions to solve the capacity crisis could have long-term implications on the way SNFs and hospitals can better align moving forward. In Pennsylvania, Gov. Tom Wolf set up long-term care regional support sites to help decompress the health care system […]
Only 21% of nursing care executives saw an accelerated pace of move-ins in the past 30 days, according to the most recent National Investment Center for Seniors Housing & Care (NIC) Executive Insights survey. Executives of 78 small, medium and large seniors housing and skilled nursing operators participated in the latest survey – responses were […]
Skilled nursing property occupancy has been “relatively flat” since July, a trend that continued in the month of November. The occupancy rate sat at 75.7% by the end of November, increasing a mere 28 basis points from September to October. That’s 381 basis points higher than the low point reached in January 2021 (71.9%). That’s […]
Staffing is unequivocally, and unsurprisingly, the top challenge for the skilled nursing industry in 2022. That’s according to the Skilled Nursing News 2022 outlook survey, conducted online late last year as a way to identify the top sources of concern and opportunities leaders saw in the year ahead. Labor challenges are not only widespread, but […]
Operators are less optimistic that occupancy will return to pre-pandemic levels by 2022, with more than one-quarter, or 26%, now anticipating recovery in 2023. The latest National Investment Center for Seniors Housing & Care (NIC) executive survey saw leadership outlook change compared to its September survey – earlier in the year, four out of five […]
Operators across the senior living spectrum expect construction lending to pick up after seeing it slowed during the pandemic, with nearly half, 41% of respondents, reporting that they think their development pipelines will increase. Though it was not immediately clear how skilled nursing executives specifically responded to how development might grow, the National Investment Center […]
Following several years of strong growth after its initial launch in 2016, Mozart Healthcare took what was supposed to be a temporary year-long pause on the acquisition market in 2019 but like many companies had to change plans in 2020 due to COVID-19. Now heading into 2022, the Skokie, Ill.-based long-term care provider plans to […]
One week after a $750 million unitranche loan program was announced between KeyBank Real Estate Capital and Welltower, the targeted fund for owners of independent living, assisted living and skilled nursing facilities is open for business and ready to compete with debt funds for clients. “This is a program that will allow us to do […]
Though home health care services and hospitals have seen their employment nearly recover to pre-pandemic levels, the same cannot be said for nursing homes. The sector has lost 221,000 jobs during the pandemic, or 14%, since March 2020, according to Bureau of Labor Statistics data through October released last week. Mark Parkinson, president and CEO […]
KeyBank Real Estate Capital has established a $750 million unitranche loan program in partnership with Welltower Inc. (NYSE: WELL). The health care real estate fund will provide first mortgage financing on skilled nursing and seniors housing projects, according to a press release announcing the program. A unitranche loan blends senior and junior debt pricing and […]
While nursing home operators have largely relied on help from the federal government by way of the Provider Relief Fund (PRF) and other mechanisms to get through the COVID-19 pandemic, some leaders have found more success refocusing advocacy efforts to state legislatures for future funding. “When the stimulus bill came out and passed with trillions […]
While the long-term care industry continues to see labor shortage pressures impact day-to-day operations and, at times, hinder the ability to improve occupancy levels, the impending decline in the availability of family caregivers could present future growth for congregate care settings. “On the one hand it’s challenging to find that staff, but on the other […]
Operators across the senior living spectrum are reporting better margins with nearly half, 49% of respondents, reporting that they expect margins to increase in the next six months, though skilled nursing facilities (SNFs) saw the slowest acceleration in move-ins in the past 30 days. While 31% of respondents anticipate an increase between 1 and 5% […]
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