Omega Exec: CMS Staffing Mandate Casts Shadow Over Improving Nursing Home Fundamentals

As Omega Healthcare Investors Inc. (NYSE: OHI) advanced on its restructuring efforts at 2023’s end, company executives said that they were finally able to have a better grasp on their outlook for 2024. And, while the company’s current fundamentals were looking strong, the looming federal staffing mandate might obscure the path forward for the sector […]

The Quotes That Defined 2023 in Skilled Nursing — and Hint at What’s Ahead

As the Covid-19 public health emergency officially ended in 2023, the nursing home sector continued to face lingering troubles across many facets of the business even if spread of disease – and death resulting from it – diminished as a concern. Chief among troubles that continued to plague nursing homes included workforce shortages and expansion […]

Omega Sells 29 LaVie Nursing Homes for $305M, Adjusts to Guardian’s Exit from Industry

Omega Healthcare Investors (NYSE: OHI) has sold 29 LaVie facilities for gross proceeds of $305 million. This Nov. 1, 2023, sale marked a substantial reduction in Omega’s exposure to LaVie assets, decreasing associated risk, CEO Taylor Pickett said Friday during the company’s Q3 2023 earnings call. Also on the call, leaders with Omega commented on […]

Huron Plays ‘Matchmaker’ In Long-Term Care Space With New Consulting Arm

Chicago-based Huron Consulting, which traditionally has ties to the health care world via hospital systems, has cultivated a small team to zero in on attracting clients from the skilled nursing and long-term care industry. Hand-picked talent and a concerted effort to dismantle the silos in health care set the group apart from other firms that […]

Bill to Boost Medicaid Rates for Texas Nursing Homes Dies Before a Vote

The Texas Legislature failed to pass two bills that would have provided Medicaid reimbursement relief for skilled nursing providers before the end of its most recent session. That could spell trouble for providers in the Lone Star State, which already has a notably low Medicaid reimbursement rate, according to Kevin Warren, president and CEO of […]