Why Good Samaritan Society Is Investing $200M in New CCRC After Nursing Home Pullback

Sanford Health announced plans Tuesday to break ground on a $200 million project for a continuing care retirement community (CCRC) in South Dakota through its subsidiary, the Evangelical Lutheran Good Samaritan Society. The Good Samaritan Society executives told Skilled Nursing News that the funding for the project is an outcome of a strategy to expand […]

Nearly 100 House Members Ratchet Up Pressure on CMS to Scrap Nursing Home Staffing Mandate 

Nearly 100 members of the U.S. House of Representatives are urging the Centers for Medicare & Medicaid Services (CMS) to reconsider the proposed federal nursing home staffing mandate. The lawmakers on Friday sent a letter to CMS describing their concerns with the mandate. “Finalizing this proposal would result in limited access to care for seniors, […]

Inside Good Samaritan’s Strategy to ‘Reimagine’ Care Through Its Restructuring

Exiting 15 states will enable the Evangelical Lutheran Good Samaritan Society to invest more resources into creating an integrated model with parent company Sanford Health, with a goal to deliver “cutting-edge care” to older adults regardless of where they reside. That’s according to Good Samaritan CEO Nate Schema, who believes that for Good Sam and […]

Nursing Home Giant Good Samaritan Society to Exit 15 States, Focus on Core Markets

The Evangelical Lutheran Good Samaritan Society, one of the largest skilled nursing providers in the United States, plans to consolidate its operations from 22 states to seven. Once the process is complete, the Sioux Falls, South Dakota-based Good Samaritan Society will have operations in South Dakota, North Dakota, Iowa, Minnesota, Nebraska, Kansas and Colorado. About […]

Good Samaritan Parent Company Sanford Health, Fairview Plan to Merge

By Tim Regan Sanford Health, the parent organization behind skilled nursing operator Evangelical Lutheran Good Samaritan Society and Fairview Health are seeking to join forces. The two organizations have signed a non-binding letter of intent to join forces and create a new health system in the process. The nonprofits plan to remain separate and operate […]

Nursing Home Industry Recovery Requires More Pain and Innovation

It’s hard to pin down how nursing home operators should be feeling as the end of the year approaches. The best way I could describe it, one week after attending the American Health Care Association/National Center for Assisted Living (AHCA/NCAL) conference in Nashville, is a combination of optimism and pessimism that fluctuates depending on the […]

Closures, Consolidation, Sales: Skilled Nursing Ownership Goes Through Shakeup

For-profit nursing home owners such as private equity firms and real estate investment trusts are under fire from the federal government — but current trends suggest that not-for-profit ownership alone is not a viable alternative to meet the needs of the United States’ aging population. Freestanding senior housing and care not-for-profits (NFPs) are closing altogether, […]

Good Samaritan Names New CEO

The Evangelical Lutheran Good Samaritan Society on Wednesday announced its new president and CEO: Nathan Schema. Schema will assume the role on Jan. 1, as the non-profit giant enters its 100th year as an organization. Good Sam’s current president and CEO Randy Bury will retire effective Dec. 31, the Sioux Falls, S.D.-based operator said in […]

Sanford, Parent of Non-Profit Skilled Nursing Giant Good Sam, to Merge with Intermountain

The parent company of a non-profit skilled nursing and senior care heavyweight is about to get even larger. Sanford Health this week announced its intention to merge with fellow non-profit system Intermountain Health, bringing 366 senior care centers operated by The Evangelical Lutheran Good Samaritan Society along with it. The two parties signed a letter […]

Good Sam Sells Three More Skilled Nursing Facilities in Illinois, Iowa

The Evangelical Lutheran Good Samaritan Society continues to strategically trim its post-acute portfolio, selling off a trio of skilled nursing campuses along the Illinois-Iowa border. The three properties had a total of 214 skilled nursing beds and 65 independent and senior living apartments, according to Blueprint Healthcare Real Estate Advisors — which brokered the deal […]

CareTrust Picks Up Cascadia Facility for $12.8M; Ciena Healthcare’s $20M Construction

CareTrust REIT (Nasdaq: CTRE) expanded its existing relationship with operator Cascadia Healthcare with the $12.8 million purchase of a transitional care facility in Nampa, Idaho. Cascadia of Nampa, a 99-bed facility one block away from the Saint Alphonsus Medical Center, became the 12th building from the Eagle, Idaho-based operator to enter the CareTrust portfolio. “We […]

Ensign Picks Up Two Former Good Sam Buildings in AZ in Latest Sale for Non-Profit

The Evangelical Lutheran Good Samaritan Society has sold a pair of skilled nursing facilities to for-profit industry leader The Ensign Group (Nasdaq: ENSG), Skilled Nursing News has learned, marking the latest in a series of recent dispositions by the non-profit provider. The two properties in Mesa and Peoria, Ariz., branded as Good Shepherd, will be […]

Capital’s $12M Skilled Nursing Loan; Good Sam Sells Two in New Mexico

Capital Funding closed a $12.3 million refinance loan for a 105-bed skilled nursing facility in Baltimore through the Department of Housing and Urban Development’s (HUD) 223(f) program. The borrowers will use the proceeds in part to pay off debt on two other properties in their portfolio of SNFs, according to the Baltimore-based Capital Funding. The […]

Sanford: Adding Skilled Nursing Provider Good Sam Boosts M&A Profile

Adding skilled nursing provider Evangelical Lutheran Good Samaritan Society could make hospital network Sanford Health even more attractive to other health systems – even as the newly combined non-profit tries to dismantle the silos between acute and post-acute care. That’s according to David Horazdovsky, Good Samaritan’s CEO, and Randy Bury, who transitioned to the role of […]

Good Samaritan and Sanford Health Complete Merger

The Evangelical Lutheran Good Samaritan Society, one of the largest non-profit senior living and care providers in the U.S., on Wednesday officially completed its marriage to Sanford Health. As a result of the combination, Sanford Health now employs almost 50,000 people. As of June 2018, when the combination of Good Samaritan and Sanford was approved […]

Sanford, Fresh Off Good Samaritan Merger, Eyes $1B Chicago Health System

Non-profit hospital system Sanford Health is on track to complete a merger with a skilled nursing provider by fall, and a recent report hints that the operator isn’t done expanding. The Sioux Falls, S.D.-based Sanford could soon announce a merger with a $1 billion health system based in Chicago, CEO Kelby Krabbenhoft teased to SiouxFalls.Business. […]

Good Samaritan-Sanford Merger Clears Regulatory Review, On Pace to Close in 2018

The Evangelical Lutheran Good Samaritan Society and Sanford Health cleared government reviews without objection, the companies announced on Friday, marking another step in the merger between the non-profit senior care and hospital heavyweights. The regulatory review included the North Dakota Attorney General’s Office, the South Dakota Attorney General’s office, and an anti-trust review under a Hart-Scott-Rodino […]

NHI Sees Promise As Health Systems Move Into Skilled Nursing

Recent deals by nonprofit health systems ProMedica and Sanford Health to acquire skilled nursing facility operations have put the sector on notice — and one CEO can understand why. Eric Mendelsohn, the President and CEO of National Health Investors (NYSE: NHI), said he hasn’t seen health systems coming to the table for senior living and care […]

Good Samaritan, Sanford Target Continuum Control with Merger Deal

The Evangelical Lutheran Good Samaritan Society and Sanford Health took a key step forward in their plans to merge, signing an affiliation agreement Tuesday to combine the two Sioux Falls, S.D.-based non-profit organizations. Pending regulatory review, hospital chain Sanford and senior care heavyweight Good Samaritan expect to combine by Jan. 1, 2019. The result — if everything […]