Walking away from a Medicare Advantage plan may be disruptive, but some of the largest nursing home providers haven’t hesitated to cut ties with plans that fail to reimburse adequately. They say the risks can outweigh the rewards, particularly when promised increases in referral volume often don’t materialize. At the opening session for Skilled Nursing […]
Omega Healthcare Investors (NYSE: OHI) acquired additional skilled nursing facilities during and after the second quarter, while also reshaping its operator portfolio through the transition of facilities from Ciena Healthcare to Saber Healthcare Group, executives said Thursday. Skilled nursing investment opportunities remain attractive for Omega, with executives saying that they expect a “material pick-up” in […]
Pennsylvania’s new state budget approved a financial boost for nursing homes by setting a guaranteed minimum Medicaid reimbursement level, a change providers say will improve financial stability as facilities contend with rising demand, workforce shortages and mounting costs. The policy, signed into law by Gov. Josh Shapiro as part of Pennsylvania’s 2026-27 budget, establishes a […]
Clinical success in the nursing home can be broken down into its parts – namely, performance on quality measures. And while QMs have expanded to account for a range of areas, reducing hospital readmissions and antipsychotic use remain top priorities for clinicians. There are some throughlines here, clinical leaders told Skilled Nursing News, with interdisciplinary […]
Saber Healthcare Group is expanding its footprint with the acquisition of 27 skilled nursing facilities from Ciena Healthcare across Ohio, Virginia, and North Carolina, the company announced Monday. The expansion, which is one Saber’s largest transactions, deepens its presence in the three states. It includes seven facilities in North Carolina, four in Virginia and 16 […]
Balancing the needs of seasoned and new clinicians in the nursing home sector, along with prepping them for residents with more complex cases has been a huge challenge for clinical leaders lately. This challenge comes on top of survey backlogs that, in some cases, span several years, resulting in outdated star ratings that unfairly mar […]
Pennsylvania lawmakers have introduced new emergency preparedness legislation aimed at making nursing home evacuations easier for first responders. State Sen. Steve Santarsiero and Rep. Tina Davis introduced the bill following explosions at Saber Healthcare Group’s Bristol Health and Rehabilitation in the state, which left three dead and another 20 people injured – at the time, […]
Nursing home leaders pushed – with donations to the Trump campaign – to have the federal nursing home staffing mandate repealed permanently, arguing the rule would raise costs and force facilities to close. According to a report in the New York Times, about 40 corporate entities associated with nursing homes across the country donated nearly […]
Saber Healthcare Group’s joint venture (JV) with Omega Healthcare Investors (NYSE: OHI) was driven by strategic choice rather than financial need, creating “one of the biggest powerhouses in our sector,” Saber CEO Bill Weisberg said, while also preserving operational control and aligning with a trusted capital partner. The JV combines “one of the best operating […]
Saber Healthcare Group now faces a lawsuit following two explosions and fire at Bristol Health & Rehab Center in Pennsylvania; the suit alleges negligence from Saber along with natural gas supplier, the Philadelphia Electric Company (PECO). Defendants failed to properly respond to reports of a gas leak and didn’t evacuate the facility despite gas odors […]
Federal investigations are ongoing following two powerful explosions at Bristol Health & Rehab Center in Pennsylvania last Tuesday. The nursing home is affiliated with Saber Healthcare Group. Saber leadership hopes to gain access to the building in the coming days to survey the damage, discover what can and cannot be salvaged and determine how best […]
Two powerful explosions at Bristol Health & Rehab Center in Pennsylvania killed two on Tuesday, injured 20 others, and partially collapsed a building. An immigrant nurse, Muthoni Nduthu, 52, and a female nursing home resident were killed. The explosion occurred shortly after utility crews responded to reports of a gas odor. A second explosion happened […]
Saber Healthcare Group expanded its Pennsylvania footprint by announcing a new affiliation with four skilled nursing facilities (SNFs), while a 160-bed facility in Las Vegas sold for a record price of $325,000 per bed. Saber expands Pennsylvania footprint Ohio-based Saber Healthcare Group expanded its Pennsylvania footprint by announcing a new affiliation with four SNFs. The […]
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, 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 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 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 […]
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 […]
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 […]
Strawberry Fields REIT on Thursday announced the acquisition of the 231-bed Landmark of Des Plaines, a skilled nursing facility in the Chicago suburb of Des Plaines, Ill., for $15 million. The current team from operator Landmark, which took over the property in January 2018, will remain in place at the facility under the terms of […]
