Real estate investment trust (REIT) dealmaking for the rest of this year and into 2023 will largely be driven by the desire to deepen existing or secure new partnerships with skilled nursing operators that have “weathered the storm exceptionally well.” That’s according to Michael Segal, executive managing director and partner at Blueprint Healthcare Real Estate […]
The Ensign Group (Nasdaq: ENSG) is in conversation with small and mid-sized operators at the local and regional level, as the nursing home giant uses its strong capital position and service center resources to scale operations. Ensign executives mentioned such plans at this week’s National Investment Center for Seniors Housing & Care (NIC) Fall Conference […]
The skilled nursing sector has endured whiplash since the early days of the pandemic, with federal agencies at first supporting the sector only to call for vast reform several years later. Such a cycle is one owners and investors have seen before, and one not likely to break any time soon – but that doesn’t […]
In line with the Biden administration’s nursing home reform initiatives outlined in February, the Centers for Medicare & Medicaid Services (CMS) is encouraging states to allocate Medicaid dollars toward improving staffing, and help the federal agency fully realize its goal of strengthening quality of care, accountability and transparency in the sector. The agency listed several […]
The skilled nursing bump in Medicare rates was a “positive surprise” for leadership at Invesque (TSE: IVQ.U), as most in the industry expected payment rates to decrease heading into next year. Bryan Hickman, senior vice president of investments at Invesque, said the change – in the form of a 2.7% increase to Medicare payment rates, […]
With Covid-era federal financial support trailing off for skilled nursing operators, leaders in the space, including Sabra Health Care REIT (Nasdaq: SBRA) CEO Rick Matros, are increasingly turning a hopeful eye to Medicaid funding relief at the state level. Specifically, Matros believes more permanent relief is a function of how state budgets are shaping up […]
Real estate investment trusts (REITs) owned about 12% of all skilled nursing assets as of 2021, equating to about 1,870 facilities. That’s according to a research letter published in JAMA Health. Researchers also examined REIT ownership trends of hospitals and other health care properties. The data comes at a time when the Biden administration and […]
By Tim Regan Sabra Health Care REIT’s (Nasdaq: SBRA) strategy for growth in 2022 is “simple,” according to CEO Rick Matros. The company plans to diversify its portfolio by paring down its skilled nursing exposure while growing in other product types, such as assisted living. “We’re focused on diversifying the portfolio with smaller deals in […]
As the White House blasts the role private equity and real estate investment trusts (REITs) play in the nursing home space, some industry insiders believe that the administration is confused about how ownership actually works and where problems truly lie. David Reis, CEO of Senior Care Development, described “three players at the table,” and said […]
The nursing home industry has long been governed under a carrot and stick system, but some worry the Biden administration may be too focused on the latter in its recently unveiled reform proposals. While the reform’s staffing standards have been called “out of touch” and its emphasis on policing private equity is seen by some […]
While the Biden administration is seemingly trying to push private equity out of the skilled nursing sector, there seems to be growing confusion and frustration on how blaming such a small fraction of the overall sector is going to solve some of the challenges the industry currently faces. The skilled nursing market has been one […]
While Sabra Health Care REIT (Nasdaq: SBRA) is focused on growing its overall portfolio in 2022, it remains intent on getting its skilled nursing facility exposure – currently at 61.4% – down to below 60% of its overall portfolio. “Our skilled exposure is down to almost 61% which is as low as it’s been in […]
Private equity investment in the skilled nursing space has gained steam over the last few years, even before the COVID-19 pandemic, and that is only expected to continue in 2022 as more competition has returned to the marketplace. The trend was evident throughout 2021 as the most active buyers throughout the year were private equity […]
Sabra Health Care REIT (Nasdaq: SBRA) is expanding its presence in Canada, and growing its senior living footprint, through a joint venture with Sienna Senior Living (TSX: SIA). In an effort to focus more on its long-term and home health care segments, Extendicare on Thursday announced it would sell its 11 Esprit senior living communities […]
After doling out rent deferrals to Avamere Family of Companies for several months in 2021, Sabra Health Care REIT (Nasdaq: SBRA) announced Wednesday that it plans to amend its master lease with the Wilsonville, Ore.-based senior care provider. The changes to the lease structure will include reducing Avamere’s annual base rent on the current portfolio […]
Though some nursing home owners had hoped to put the COVID-19 pandemic behind them by the end of 2021, coronavirus variants and the exacerbated staffing shortages have made that impossible for most heading into 2022. If this year has taught the sector anything, it’s that some threats to long-term care won’t be as temporary as […]
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 […]
After skilled nursing occupancy recovery declined in September for the first time in seven months, some analysts are concerned that consistent staffing shortages will impact the real estate investment trusts who are landlords to operators nationwide, at least in the near-term, according to a Dec. 8 note from BMO Capital Markets. National data collected from […]
At a time when workers across all industries are re-evaluating their careers, what some have coined “the great resignation”, Sabra Health Care REIT Chief Investment Officer Talya Nevo-Hacohen believes simply increasing wages is not the answer — especially in the health care field. “It’s not just simply the economics of pay rates, it’s more complex […]
Genesis HealthCare’s most recent move to shift toward a market-focused model has some in the industry wondering if the post-acute care company is attempting to follow in the footsteps of another major player in the skilled nursing space. Late last week Kennett Square, Pa.-based Genesis announced the departures of their Chief Operating Officer Paul Bach, […]
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