Nursing Home Leaders Using ‘All the Tools Available’ in Aggressive Push to Halt CMS Staffing Mandate

LeadingAge joins a slew of other nursing home industry voices in urging a multi-faceted strategy following the finalization of the federal minimum staffing rule a month ago. The advocacy group is pursuing legislative, legal and regulatory avenues to stop the mandate and build the workforce. Katie Smith Sloan, president and CEO of LeadingAge, said, “We […]

Omega Announces Potential Settlement Involving Changes to Corporate Diversity Practices

A legal settlement reached by Omega Healthcare Investors Inc. (NYSE: OHI), if finalized, will change some of the real estate investment trust’s corporate governance policies and practices related to diversity, equity, inclusion and belonging, the company announced Monday. Omega’s insurance company will also pay $850,000 in attorney fees and expenses, while a court hearing scheduled […]

Top Trends That Will Shape the Skilled Nursing Sector in 2024

Margins squeezed by interest rates and inflation, staffing shortages amid a draconian staffing mandate proposal, an invasion of Medicare Advantage and mixed efforts at adapting to Minimum Data Set (MDS) changes are among a litany of the challenges facing the skilled nursing sector at the start of 2024. However, all is not doom and gloom […]

Omega Reports Strong Q2 Results on Improvements in Occupancy, Reimbursements, Labor Market

Omega Healthcare Investors’ (NYSE: OHI) robust financial results for the second quarter rested on better occupancy levels, higher state reimbursements and improvements in the labor market even though use of agency workers still remains high, company executives said on Thursday. During its second quarter conference call, the Maryland-based real estate investment trust (REIT) also reported […]

‘Past the Trough’: Omega CEO Cautiously Optimistic As Occupancy Up, Acquisitions Underway 

Following its first quarter earnings release, executives at Omega Healthcare Investors Inc. (NYSE: OHI) said Wednesday that new investments along with restructuring of existing deals will result in gains. This is in part due to rent deferrals ending on some of Omega’s properties and operating trends continuing to improve for the sector, company leaders said […]

Omega Announces $233M in Deals Involving 18 Skilled Nursing Facilities

In announcing its first quarter earnings results, Omega Healthcare Investors Inc. (NYSE: OHI) said Tuesday that it completed $233 million in new investments so far in the second quarter of 2023. These new investments include Omega’s acquisition on April 14 of four skilled nursing facilities (SNFs) in West Virginia for $114.8 million, which it leased […]

Omega, PACS Execs: Nursing Home Owners, Operators Must Overcome ‘Myopic’ Approach to Thrive in New Era

To build relationships that can weather hurdles and succeed in a “new era” for nursing homes, owners and operators should focus on how they can drive mutual growth over time, through symbiotic, creative deals generating long-term value. That’s according to executives with Omega Healthcare Investors (NYSE: OHI) and Providence Administrative Consulting Services (PACS), who spoke […]

Omega Execs: End of PHE ‘Not Ideal,’ SNF Portfolio Restructuring Progresses 

Skilled nursing headwinds are continuing to buffet Omega Healthcare Investors (NYSE: OHI), as the real estate investment trust continues restructuring efforts. But leaders at the REIT are cautiously optimistic about what lies ahead. Analysts with Stifel shared that optimism, based on Omega’s Q4 2022 earnings results. “We believe the numbers are essentially bottoming, and that […]

Omega SNF Portfolio Restructurings Include $129.8M Sale of 11 LaVie Properties

Omega Healthcare Investors Inc. (NYSE: OHI) on Monday announced some transaction and rent deferral updates regarding two skilled nursing operators, one in the U.S. and one in the U.K. The Maryland-based real estate investment trust (REIT) said it sold 11 of its LaVie Care Center properties to an unnamed third party for $129.8 million, also […]

Transactions & Financings: Omega Affiliate Makes $11.5M Deal; Euson Lindsay Health Acquires 72-Bed Facility

Omega affiliate makes $11.5 million deal OHI Asset Management, an affiliate of Omega Healthcare Investors Inc. (NYSE: OHI), has purchased the Alston Brook long-term care and rehabilitation facility from Golden Age of Lexington Inc. for $11.15 million. The facility is located in Lexington, North Carolina, where Omega owns two other facilities. Omega owns 39 facilities […]

‘The Haves and Have Nots’: Omega Closely Monitors Moves to Make Medicaid Rate Bumps Permanent

Nursing home sector leaders and financial backers are basing their future plans heavily on Medicaid rate increases seen across the country, as some states meet the moment with substantial increases to combat inflationary pressures and staffing costs. Others, meanwhile, haven’t increased rates in a meaningful way and have not kept pace with increased costs that […]

Arnie Whitman, Omega, Ziegler Lead $9M TSOLife Series A; ESI Closes Ohio SNF Deal

TSOLife completed a $9 million Series A funding round for its AI-based business intelligence platform that translates and transcribes resident interviews and converts the information into consumable data. Data dashboards can be utilized by skilled nursing staff to look for actionable trends and insights. “TSO is the tip of the spear in gathering social insights […]

Omega CEO: Nursing Home Recovery Hinges on State Medicaid Boosts Being Extended, Made Permanent

As the nursing home industry continues to work its way through ongoing workforce and occupancy challenges, one of the nation’s largest owners of skilled nursing facilities is keeping a close eye on how states are extending or making permanent the Medicaid funding boosts tied to the Covid-19 public health emergency (PHE). The Omega Healthcare Investors […]

Gulf Coast Chapter 11 Liquidation Plan Wins Judge Approval

A judge approved Gulf Coast Health Care’s modified Chapter 11 liquidation plan this week. This was the second amended joint plan the company submitted after the first one was rejected. The original plan was reportedly rejected for not meeting its burden to sign away creditors’ claims against third parties. The new plan provides at least […]

Bankrupt Gulf Coast Health Care Reaches Agreement With Creditors

Gulf Coast Health Care is one step closer to getting its liquidation plan signed off by a judge after the bankrupt nursing home chain indicated it had agreed to increase recoveries for unsecured creditors. Gulf Coast’s original plan was rejected by a judge “for not meeting its burden to sign away creditors’ claims against third […]

How Staffing Agencies Can Be More Than a ‘Necessary Evil’ for Operators

The post-acute care market is in crisis. The average facility is losing anywhere from $2,300 to nearly $5,900 per day, depending on location, due to staffing challenges, a study conducted by global management consultant Oliver Wyman shows. There are simply not enough nurses and nursing assistants available to fully staff post-acute settings to the level […]

REITs Owned 12% of US Skilled Nursing Assets in 2021, Ownership Trends Changing

Real estate investment trusts (REITs) owned about 12% of all skilled nursing assets as of 2021, equating to about 1,870 facilities. That’s according to a research letter published in JAMA Health. Researchers also examined REIT ownership trends of hospitals and other health care properties. The data comes at a time when the Biden administration and […]

Leaving Money on the Table: SNFs Must Better Manage PDPM Reimbursement with Medicare Cuts Looming

It will be three years this October since the Patient-Driven Payment Model (PDPM) was first implemented, and some nursing homes are still struggling to adjust. While a global pandemic and unprecedented staffing shortages are partly to blame for problems in PDPM-related processes, so too is widespread staff agency use. And now, with a potential $320 […]