In a bid to keep its struggling skilled nursing facility open, Sonoma Valley Hospital (SVH) is looking to outsource operations to The Ensign Group (Nasdaq: ENSG). A proposal for Ensign to take over operations on July 1 is in the works, with the final approval slated to come at a special board meeting scheduled for […]
Sonoma Valley Hospital
CNH Finance announced a $3.5 revolving line of credit to a skilled nursing and rehab provider, to be secured by accounts receivable. The line of credit will support working capital needs for a newly acquired skilled nursing facility. The operator manages and operates more than 80 SNFs in 13 states, and expects to continue to […]
Faced with a potential closure due to declining revenues, one hospital-based skilled nursing facility enlisted the help of third-party advisory firms to diagnose its problems — and suggest a few novel solutions. Back in July, the Sonoma Valley Hospital (SVH) in Sonoma, Calif. released a report indicating that its 27-bed SNF unit would lose about […]
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