Increasing demand for skilled nursing services is a good sign for the industry, according to several experts who spoke on SNN’s annual outlook webinar, but a continued squeeze on margins may affect some facilities’ ability to keep their doors open in 2020. Although the Patient-Driven Payment Model (PDPM) looks like good news, with increased reimbursements […]
SLIB
Capital Funding Group last week announced the $13.8 million closing of a bridge loan backing Preferred Care’s acquisition of a 126-bed skilled nursing facility in New Jersey. The Baltimore-based Capital Funding and Preferred Care plan to refinance the debt through the Department of Housing and Urban Development’s 223(f) refinance program, which offers financing with longer […]
Predictions that the Patient-Driven Payment Model (PDPM) will trigger a wave of skilled nursing M&A action either have not yet taken hold or won’t come true until the new year, according to multiple players who spoke to SNN on Wednesday. The burden of extra work related to more stringent quality data requirements and reimbursement changes […]
Senior Living Investment Brokerage (SLIB) facilitated the sale of three skilled nursing and assisted living communities in Huron and Sioux Falls, S.D. SunQuest Healthcare Center — licensed for 163 nursing beds — and SunQuest Village, offering 55 assisted living beds, are located on the same campus in the city of Huron. Southridge Healthcare Center is […]
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