Skilled Nursing Executive Outlook: ‘Question of Nursing Homes’ Viability Will Continue’ in 2020

Though the early days of 2020 have brought some optimism around the state of the post-acute and long-term care industry, executives in the space continue to emphasize that the coming 12 months could bring make-or-break decisions for operators and their partners. One day after American Health Care Association (AHCA) CEO Mark Parkinson told SNN that […]

North Shore Completes 22-Building Atrium Deal; Dwight Closes $50.8M Financing in N.J.

North Shore Healthcare officially completed its acquisition of 21 skilled nursing and assisted living facilities formerly operated by Atrium Health & Senior Living. The Glendale, Wis.-based North Shore now has 71 SNFs and assisted living communities in Wisconsin, Michigan, Minnesota, and North Dakota, according to the operator’s December 1 announcement. Atrium had 33 SNFs and […]

Dycora Facility in Receivership to Close Next Year as Wisconsin Nursing Home Closures Continue

The state of Wisconsin was notified Friday that a skilled nursing facility formerly operated by Dycora Transitional Health and Living — and currently in receivership — will be closing next year. The Milwaukee Journal Sentinel first reported the news. The state Department of Health Services had previously approved the SNF’s relocation plan for residents. The […]

State-Level Opposition to CMS Regulatory Rollbacks for Nursing Homes Grows

The attorneys general of New York, Illinois, Maryland, Michigan, Nevada, and Oregon jointly pushed back on the delay of regulations for nursing homes, a move that came at the same time as similar criticism by California’s top attorney. The comment letter was filed September 16, the deadline for submitting comments on the proposed rule delaying […]

CMS’s Regulatory Delay: What’s In, What’s Out, and Why Nursing Homes Could ‘Substantially’ Reduce Costs

Skilled nursing facilities could see relief from regulatory burdens if a proposed rule from the Centers for Medicare & Medicaid Services (CMS) takes effect, and according to the agency, it could lead to millions in savings. Specifically, the rule would overhaul multiple requirements and delay the implementation of regulations related to the Quality Assurance and […]

North Shore CEO: Amid SNF Changes, Regional Operators Poised for Future Success

North Shore Healthcare’s recent acquisition of a 72-bed skilled nursing facility in Ashland, Wis., presented an opportunity for the provider to expand its existing services in the town — and fit with the company’s ethos of growth. Specifically, the Glendale, Wis.-based operator isn’t looking to grow “for growth’s sake,” but it will look for opportunities […]

$37.8M Financing for Two SNFs in New Jersey; Lancaster Pollard Lands Multiple Loans

Lancaster Pollard Mortgage Company helped provide financings for skilled nursing facilities in Michigan and South Carolina, while also landing a $42 million Fannie Mae refinance for a continuing care retirement community (CCRC). In Michigan, Lancaster Pollard assisted Riverview Health with the refinance of two of its communities in Detroit. Lancaster Pollard obtained two loans through […]

North Shore Healthcare Assumes Management of Fortis SNFs Amid Receivership

After filing for receivership in July, the Milwaukee-based Fortis Management Group will transfer 25 of its long-term care facilities — including 21 skilled nursing properties — in Wisconsin to North Shore Healthcare by October. Based in Glendale, Wis., North Shore Health Care provides a range of skilled nursing services, including Alzheimer’s care and rehabilitation services. Its […]