Cascadia Healthcare is on track to become Oregon’s largest post-acute care provider with plans to acquire 11 facilities from Sapphire Health Services, a Salem-based senior care provider. Cascadia Chief Financial Officer and Principal Steve LaForte shared the latest deal news exclusively with Skilled Nursing News on Wednesday during the RETHINK 2026 conference in Philadelphia. The […]
Rick Matros, CEO of Sabra Healthcare REIT (Nasdaq: SBRA), called the transition of operating partner Avamere’s assets to new lease partners a “great transition” as he provided additional details about the deal during the company’s second quarter earning’s call on Tuesday. All 26 Avamere properties were leased to new operators, with 22 taken over by […]
Sabra Health Care REIT (Nasdaq: SBRA) executives said skilled nursing investment opportunities remain limited and highly competitive, even as the company continues to reposition its portfolio by incrementally selling nursing home assets in favor of senior housing. With Sabra’s most recent investment activity focused on Seniors Housing Operating Portfolio (SHOP), skilled nursing will continue to […]
Sabra Health Care REIT (Nasdaq: SBRA) expects skilled nursing investments to be drastically pared down in 2026, with most opportunities either already awarded or being considered off-market. The Tustin, Calif.-based real estate investment trust (REIT) divested seven of its skilled nursing assets during the fourth financial quarter for $51 million in gross proceeds, Sabra CEO […]
CareTrust REIT (NYSE: CTRE) continued its aggressive expansion in the second financial quarter and beyond, adding 10 nursing homes to its roster on the heels of a transformative acquisition of Care REIT. And, a robust pipeline of about $600 million is currently made up mostly of skilled nursing opportunities, CEO Dave Sedgwick said in a […]
The One Big Beautiful Bill Act (OBBBA) has been a “non-issue” for Sabra Health Care REIT (Nasdaq: SBRA) when it comes to dealmaking conversations. The sector also appears to be in a different place now, given the continued decline in supply relative to occupancy, Sabra CEO Rick Matros said Tuesday. The skilled nursing sector’s lobbying […]
The Ensign Group (Nasdaq: ENSG) expressed gratitude that the skilled nursing industry was largely protected from direct cuts to Medicaid in the One Big Beautiful Bill Act (OBBBA). Mission Viejo, California-based Ensign plans to use its good working relationships with state legislators and governors’ offices to remind those in power of how important funding for […]
Skilled nursing deals are plentiful, and private equity has a large role to play in their abundance, according to leaders at Sabra Health Care REIT (Nasdaq: SBRA). This trend comes amid the possibility of Medicaid cuts, which could be watered down eventually from the current package presented by House Republicans, they noted. Speaking during Sabra’s […]
The nursing home industry has been on a wild ride this past year, with major regulation up in the air and a flip in the White House leaving operators unsure of whether they should applaud or brace for impact. Rhetoric surrounding the federal minimum staffing mandate has changed drastically throughout the year, with leaders condemning […]
In this episode, Skilled Nursing News speaks with Rick Matros, CEO of Sabra Healthcare REIT. Matros, who has served as CEO for Sabra since May 2010, discussed the challenges in skilled nursing financing, why Medicaid rates are expected to remain high through 2025, and the REIT’s focus on innovative providers along with tech pilots to […]
Sabra Healthcare REIT (Nasdaq: SBRA) has had several quarters in a row of continuing occupancy and rent coverage improvement in all of its primary asset classes, including skilled nursing, distancing themselves from the pandemic, leaders said. Meanwhile, its investment pipeline is seeing more activity in the past months, with primarily deals of one or two […]
The Centers for Medicare & Medicaid Services (CMS) on Monday unveiled the finalized minimum staffing standards for nursing homes, drawing sharp – and deeply apprehensive – responses from leaders in the sector. CEOs of nursing home owners and operators and leaders of industry associations were all but unanimous in their reactions; among those who spoke […]
During the third quarter of 2023, Sabra Health Care REIT (Nasdaq: SBRA) generated $80 million of gross proceeds from the disposition of 13 skilled nursing and two senior housing facilities. The bulk of dispositions now could be past, industry analysts noted. “While the REIT is still selling some assets, we believe the bulk of the […]
Nursing home occupancy continues to slowly improve, a trend that along with higher reimbursement rates going forward, will improve the bottom line for Sabra Healthcare REIT (Nasdaq: SBRA), according to executives. Rick Matros, CEO of Sabra, said during the company’s second quarter earnings call on Tuesday that he expects a large increase to next year’s […]
As the public health emergency (PHE) comes to an end on May 11, industry leaders point out that nursing home operators are still in pandemic recovery mode, and that adjusting to the old way of doing business will not be easy. The PHE was declared in response to the Covid-19 pandemic, and accompanied a wide […]
Ongoing portfolio restructuring suppressed first quarter earnings for Sabra Health Care REIT (Nasdaq: SBRA), but executives are bullish on improving market conditions and metrics for skilled nursing. “It feels good to at least believe that we’ve gotten the worst behind us, and I really do feel pretty good about things going forward,” CEO Rick Matros […]
Ventas (NYSE: VTR) on Friday announced that it intends to take ownership of the collateral that supports its approximately $486 million cash-pay mezzanine loan to Santerre Health Investors. “Ventas expects to take ownership of the Santerre Portfolio through a ‘loan to own’ structure that converts the outstanding principal amount of the Santerre Mezzanine Loan to […]
The Ensign Group (Nasdaq: ENSG) is looking to expand into Mid-Atlantic states and cautiously eyeing other opportunities while remaining focused on successfully transitioning recently acquired properties, company leaders said Tuesday. The company recently took over operations of 17 skilled nursing communities (SNFs) in California, as part of a previously announced deal with Sabra Health Care […]
For the last year, federal regulators have taken steps to increase nursing home ownership transparency, as part of the White House’s reform agenda. The most recent actions have centered on more clearly defining different types of ownership groups and making information more consumer-friendly – and have drawn concern and criticism from within the sector. About […]
Executives at Sabra Health Care REIT (Nasdaq: SBRA) said after they close on a couple transactions in the next couple months, “that’ll pretty much be the end” of a capital recycling program they have been pursuing. They anticipate a quiet year on the acquisition front, with debt a constraint, while the skilled nursing environment remains […]
