Signature HealthCARE officials say they are hoping to reach a deal to restructure the company’s financial obligations in the next four to six weeks, Louisville Business First reported on Wednesday. Bankruptcy proceedings do remain a possibility, however, Signature CEO and co-founder Joe Steier told the publication. Signature has been dealing with problems for some time now: One […]
Now that the Senate’s compromise spending plan has become law, skilled nursing providers must figure out how to make do with fewer Medicare dollars over the next 10 years. The decline comes from a freeze in the Medicare market basket rate, which the new budget has set at 2.4% in fiscal 2019. The industry had […]
We’re knee-deep in earnings season here at Skilled Nursing News, and at least one major real estate investment trust (REIT) used the reporting period to signal a sea change in its strategy going forward. In case you didn’t catch them the first time around, here are the headlines you need to get up to speed […]
Leader. Lifelong learner. Top-notch clinician. All ideal qualities for a skilled nursing facility’s director of nursing (DON). Finding – and keeping – a person with all those qualities is a daunting challenge. “I can only tell you, DONs in the post-acute skilled nursing world are very rare and they’re a treasure,” said Nancy Schwalm, chief business development […]
On the heels of opening the industry’s first-ever technology innovation hub in Louisville, Kentucky, some of the health care leaders involved with the project are banding together with CEOs from other Louisville-based health care companies—including Signature HealthCARE, Humana and Hosporus. The group’s mission: to transform the city’s health care economy by establishing the Louisville Healthcare CEO Council, […]
It’s been a difficult week in the world of skilled nursing, with investigators still attempting to determine what went wrong at the Rehabilitation Center at Hollywood Hills in Hollywood, Fla., where a lack of power in the wake of Hurricane Irma led to the deaths of eight residents. As of Friday morning, about 50 of […]
Fresh off the approval of its blockbuster merger with Care Capital Properties, Sabra Healthcare REIT, Inc. (Nasdaq: SBRA) on Friday trumpeted the better-than-estimated value of the deal — and predicted an orderly solution to one of its continuing problems. The company had been conservative in its pre-merger projections, CEO Rick Matros said on a conference […]
Large skilled nursing providers across the country are increasingly selling private insurance plans to their residents, and it appears to be paying off for at least one of them. Among them are Erickson Living and Signature Healthcare, two of the country’s biggest providers of skilled nursing services. Both Erickson and Signature offer private Medicare Advantage […]
If you haven’t been able to take your eyes off the Sabra Health Care REIT, Inc. (NASDAQ: SBRA)-Care Capital Properties, Inc. (NYSE: CCP) drama, here’s some other stories in the skilled nursing world that you may have missed over the last seven days. It was a big week of news from the Sunshine State: Non-profit […]
First things first: We here at Skilled Nursing News won’t say that Trumpcare has officially died — it’s been revived multiple times so far— but after months of hand-wringing and dire projections about Obamacare repeal’s effect on the skilled nursing industry, it finally looks as though the former president’s cornerstone legislative victory is here to […]
Sabra Health Care REIT, Inc.’s (NASDAQ: SBRA) impending merger with Care Capital Properties (NYSE: CCP) has been met with resistance from two shareholders, and while the aggrieved parties control only a small percentage of the Irvine, Calif.-based real estate investment trust (REIT), one commentator says they can still make closing the deal difficult. Shareholders Eminence and Hudson […]