For nursing home operators with rapidly expanding portfolios, there are a lot of challenges and rewards to consider. Joseph Lee, Senior VP of Support Services at PACS, knows this first-hand. “We’re looking at where we can have a footprint where four or five facilities that can support one another and we can absorb them into […]
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 […]
By addressing the unique needs of each of Providence Group’s 152 facilities, CEO Jason Murray has created what he calls a “destination location for leaders.” Murray has done so because the future of health care, and the nursing home industry more specifically, is local, he said. This decentralized, market model has been replicated by operators […]
The 52nd episode of our podcast, Rethink, is now available. Operating 152 facilities across seven states, the Providence Group strongly believes the best decisions are made at the local level. Each of Providence Group’s facilities have their own unique needs, along with the other health care providers across the care continuum in each respective market. […]
The Ensign Group (Nasdaq: ENSG) is poised to overtake Genesis HealthCare as the largest nursing home operator in the country as it continues to build upon its rapidly growing portfolio, according to ownership data released last week by the Centers for Medicare & Medicaid Services (CMS). Ensign could be the largest skilled nursing provider in […]
This year was another rollercoaster for the skilled nursing industry as operators – and truthfully the nation alike – went from the tail end of another covid surge, to the widespread availability of vaccines, then considerable optimism and a possible light at the end of the tunnel, back to another COVID-19 surge and as I’m […]
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 […]
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