Providence Group Acquires Plum Healthcare, Adds 58 New Facilities to Portfolio

Providence Group has acquired California’s second-largest skilled nursing facility operator as the company expands its presence out west, the company announced this week. The deal with Plum Healthcare Group, which closed on Nov. 5 for an undisclosed sum, includes the operations of 58 total facilities — 57 nursing homes and one assisted living/independent living facility […]

CEOs See Long-Term Care Occupancy, Staffing As Top Post-Pandemic Challenges

While occupancy numbers are enjoying a modest upward trend, skilled nursing operators face an uphill battle to strengthen long-term care metrics into the next year. And, staffing issues also loom large and are commanding attention from SNF operators. These were among the big topics under discussion at Tuesday’s Synergy Summit, where leaders with providers Marquis […]

SNFs Shouldn’t Fight Rise of Home-Based Care

Some nursing home operators may fear the push towards home-based care as direct competition, with their facilities still recovering from low occupancy rates caused by the pandemic. However, alternatives to traditional models — such as, Castell Health’s hospital-at-home program, which started in May 2020 and has admitted about 240 patients to date — have been […]

Plum Healthcare CEO: We’re Not Out of This Yet, Time to Rethink Reimbursement

Despite most nursing home residents being vaccinated, the skilled nursing industry is still faced with record-low occupancy, higher expenses, and regulatory uncertainty with a new administration taking the reins. Skilled Nursing News got a chance to sit down with Cory Christensen, the Chief Executive Officer of Plum Healthcare Group, to hear about how they are […]

Lancaster Pollard Closes $420M Refinance for 26 Plum Healthcare Skilled Nursing Facilities

Lancaster Pollard on Wednesday announced the completion of a $420 million portfolio refinancing for 26 skilled nursing facilities operated by Plum Healthcare Group. The transaction marked the first Department of Housing and Urban Development-backed loan transaction for the Carlsbad, Calif.-based Plum, according to a release announcing the deal. In 2018, the Columbus, Ohio-based Lancaster Pollard […]

Plum Healthcare Eyes Higher-Acuity Residents with $22.5M Skilled Nursing Development

Building a new skilled nursing facility from the ground up poses some challenges in an industry with ultra-thin margins. But for Plum Healthcare Group in California, it’s an opportunity to address the needs of its current patients, in a way that an older building doesn’t allow. That’s especially true given that the average age of […]

Data, Not Donuts: Building Today’s Skilled Nursing Partnerships

In the past, nailing down a partnership with a local hospital or home health agency might have simply been a matter of providing the right free breakfast to the right group of hungry administrators. But in a world with shifting payment models and increasing emphasis on outcomes, skilled nursing providers must step up their game with […]