After Record Year of Dispositions, Invesque Shrinks Skilled Nursing Portfolio

By Nick Andrews Invesque has plans to continue to trim its portfolio in 2022 following a big fourth-quarter push that led to a record-breaking year for dispositions. The latest transactions show continued movement away from skilled nursing and toward seniors housing. Carmel, Indiana-based Invesque (TSE: IVQ.U) sold more than $210 million in assets in 2021, […]

Dialyze Direct Acquires Renew Dialysis, Adding Virginia to Its SNF Footprint

Dialyze Direct, already the nation’s leading provider of hemodialysis services in skilled nursing facilities, shows no signs of slowing as it’s poised to enter states in 2022. The national provider now in 13 states and 130 SNFs across the country, announced this week that it acquired Renew Dialysis, a regional provider of on-site dialysis with […]

Eagle Arc’s 20-SNF Purchase; KeyBank’s $40M Financing in New York City

Eagle Arc Partners, formerly known as BM Eagle Holdings, has acquired 20 skilled nursing facilities — the majority of which are located in Florida, along with properties in Georgia and Mississippi. The price of the sale was not disclosed; two operators who were also not disclosed partnered with Eagle Arc on the sale. The process […]

Sabra Completes Genesis Disposition with $18.4M Sale; Ensign Acquires Post-Acute Care Campus in Arizona

Sabra Health Care REIT (Nasdaq: SBRA) on Wednesday announced the $18.4 million sale of a skilled nursing and transitional facility leased to operator Genesis HealthCare (NYSE: GEN), formally concluding a long-term disposition plan that began in 2017. The August 1 transaction also saw the unnamed buyer assume $17.6 million in mortgage debt, backed by the […]

How Saber’s I-SNP Partnership with Optum Gave the Operator a Head Start on COVID-19

In the era before COVID-19, specialty in-house Medicare Advantage plans had emerged as one of the hottest topics in long-term care — control the payer source, the thinking went, and an operator could eliminate the financial uncertainty and pressure that comes when working with managed care plans. But with a global pandemic running rampant through […]

Nursing Home Chain Saber Reaches $10M False Claims Act Settlement with DOJ

Saber Healthcare Group, LLC will pay $10 million to settle a federal investigation into its rehabilitation therapy practices, the Department of Justice announced Tuesday. Investigators had accused the Bedford Heights, Ohio-based Saber of working to artificially boost its Medicare income by pressuring therapists to place residents in the “ultra high” category, a classification that brought […]

Meridian Closes Flurry of SNF Financings in Q1; New Nursing Facility in NC

The senior housing and health care team of Meridian Capital Group arranged for more than $500 million in financing for skilled nursing, independent living, and assisted living facilities with 17 transactions across 9 states in the first quarter of the year. The deals included $126 million in acquisition financing and equity for a 14-property SNF […]