After 20 acquisitions last year, Creative Solutions in Healthcare has no plans to slow down in 2023. The Texas-based company rang in the New Year adding two skilled nursing facilities to its roster, purchased from Southwest LTC, another regional player. Creative Solutions will also be acquiring eight more SNFs on Feb. 1, CEO Gary Blake […]
Economic uncertainty, staffing shortages, looming federal regulations, a new COVID variant and major changes to the Minimum Data Set (MDS) are just a few of the challenges facing the skilled nursing sector at the dawn of 2023. But a new year is also a time for optimism. Favorable Medicaid policies, the growth of strong regional […]
After divesting of its sizable portfolio over the course of several years, SavaSeniorCare will cease to exist as a company once its last five nursing homes transition to other operators, which the company expects to occur by the end of January 2023. The end of Atlanta-based Sava marks another sea change in the skilled nursing […]
The nursing home industry was thrust back into the national spotlight this week as federal lawmakers called out for-profit ownership for their lack of resources during the early months of the pandemic and confounding corporate structures. The Congressional Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James Clyburn, held a hearing on Wednesday to […]
North Shore Healthcare has tapped Darren Gee as its next CEO. Gee joined the North Shore team in January as its COO and has spent the last 30 years in the long-term care industry. North Shore operates 69 skilled nursing and assisted living facilities across three states. Gee’s vision, passion, focus, communication and leadership skills […]
While many skilled nursing industry providers expect occupancy recovery to be at least another year away, as census climbs toward numbers not seen since 2020, some remain less confident that long-term care will fully bounce back. “I think the truth for most of the industry is that we thought by now we would be at […]
Eduro Healthcare recently added two skilled nursing facilities to its Texas portfolio. The first facility, in Lockhart, Texas, closed for seven months due to damage from last year’s winter freeze. “We are excited to be the team to reopen Parkview Nursing and Rehab,” Eduro Healthcare Managing Partner Michael Bewsey said in a news release announcing […]
Post-acute care clinicians are looking to workflow technology to help with frontline burnout in an effort to redesign clinical care and erase redundancies along the care continuum. Tech investment and implementation is broken down by the “need of the hour,” as Signature HealthCARE chief medical officer Dr. Arif Nazir puts it, with infection control and […]
The relationship between hospital systems and skilled nursing facilities was shaken by a reactionary attitude at the beginning of the pandemic, where a lot of “missteps” were taken out of a need to protect one’s own patients, Signature HealthCARE chief medical officer Dr. Arif Nazir said. Now that relationship is a whole lot more collaborative, […]
The relationship between nursing homes and regulatory agencies has varied since the start of the pandemic — surveyors were initially very helpful, but as the pandemic went on, clinical leaders started to see a shift in that relationship with mounting directives around citing outbreaks. In recent months, that relationship has shifted again to be more […]
With the skilled nursing market hotter than ever, SavaSeniorCare recently moved a 29-asset long-term care portfolio in a deal that Erik Howard, executive managing director of Capital Funding Group, said was one of the more complicated ones the financial provider has completed this year. The deal included a $262.6 million term loan for the refinancing […]
At a time when Medicare Advantage is becoming a bigger piece of the pie in long-term care, Amy Goldsmith, senior vice president of care management and care coordination for SavaSeniorCare, thinks hiring MDS (minimum data set) nurses and getting everyone involved in care coordination is one way skilled nursing operators can better move toward the […]
Capital Funding Group announced on Monday it closed a $262.6 million term loan for the refinancing of a 29-asset long-term care portfolio. The portfolio spans across Colorado, California and Wyoming and includes 28 skilled nursing facilities and one joint skilled nursing and assisted living facility, with a total of 3,140 beds. Owned by SavaSeniorCare, a […]
As skilled nursing operators look for new paths to take on higher acuity patients, some are turning to in-house dialysis as a way to build back hospital referrals lost during COVID-19. One wrinkle, however, has proven to be that the rules and regulations around the construction and implementation of these services differ from state-to-state, with […]
Operators hope that planned booster shots, distributed through a streamlined process, will help protect the skilled nursing community against the “twice as transmissible” delta variant, a phrase used by President Joe Biden in a press briefing Wednesday. The Biden administration announced plans to deliver COVID-19 booster shots directly to long-term care residents and staff eight […]
The nursing home operator SavaSeniorCare LLC and its related entities have agreed to pay $11.2 million to resolve allegations it violated the False Claims Act (FCA), the Department of Justice (DOJ) announced Friday. That amount encompasses both federal and state settlements, with additional payments possible “if certain financial contingencies occur,” according to the DOJ. The […]
In the investment and finance side of skilled nursing, “regional” is commonly cited as a strength for an operator; the idea is that a strong presence in a concentrated geography allows for better relationships with hospitals and referral partners, physicians, and the community generally. But thinking regionally goes beyond the financial well-being of a facility, […]
Early in December, Concerto Renal Services announced that it was expanding its partnership with the skilled nursing provider SavaSeniorCare, with the addition of on-site dialysis treatments to a facility in Georgia. For Concerto, the partnership with Sava at the Dunwoody Health and Rehabilitation Center is the fourth such agreement between the two companies and marks […]
SavaSeniorCare on Tuesday announced a plan to transfer the operations of 48 skilled nursing facilities and assisted living properties in eight states by the end of next year, as the Atlanta-based operator looks to pivot to a more regional footprint in the wake of the pandemic. “The current state of the world brought on by […]
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