Helios’s $16M Nursing Home Deal in MA; Trilogy Health Plotting $11.7M Care Center

Helios Healthcare Advisors negotiated the $16 million sale of a 169-bed nursing home in Middlesex County, Mass. The Chicago-based Helios facilitated the transaction for an owner/operator based in New Jersey. The deal represented the buyer’s first purchase in the Massachusetts market, and proved to be a competitive sale — with more than 10 offers from […]

Employee Satisfaction Has Direct Impact on Bottom Line in Skilled Nursing

A recent survey found a strong correlation between employee satisfaction and resident engagement — which in turn boosts referrals. That means that engaging employees can be a path to better returns on investment. “The happier the employees, the happier the residents, the better the money,” Todd Schmiedeler of Trilogy Health Services said at a Wednesday […]

Private Pay Skilled Nursing Shouldn’t Be Ignored, Especially in Rural Areas

Private-pay residents are frequently overlooked as a revenue source in the skilled nursing world, and with some cause: They don’t have the staying power of Medicaid or the sizable market share of Medicare or managed care. But ignoring that stream altogether could be a mistake, particularly for operators with more rural locations. “There are so […]

In the Pipeline: Trilogy Plotting $18 Million Senior Care Center in Ohio

Construction: Announced Trilogy Plotting New Ohio SNF * Trilogy Health Services is mulling opening an $18 million, 115-unit skilled nursing, assisted living and independent living community in Gahanna, Ohio. The community, tentatively called Trilogy Village Center, would span up to 79,000 square feet and replace single-family homes, reported Columbus Business First. New York City Residents Vow […]

Signature, Kindred CEOs Help Create Louisville Health Care Group

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, […]

Transactions: Summit Snags Nine SNFs in Northeast

Summit Healthcare REIT Acquires Interest in 9 Northeast SNFs Summit Healthcare REIT, Inc. acquired an interest in nine Northeast skilled nursing facilities for $60 million, the Lake Forest, Calif.-based Summit announced in a press release. The facilities, with a total of 1,285 beds, will be leased back to the existing operator. The purchase was made through […]

In the Pipeline: Trilogy Plots Monastery SNF

Construction: Planned Trilogy Plans to Build SNF on Property Owned by Monastery in Indiana Trilogy Health Services is looking to open a skilled nursing facility on a plot of land owned by the Monastery Immaculate Conception in Ferdinand, Ind. The proposal calls for senior housing that would include skilled nursing, assisted living, and rehabilitation services, according to […]

SNF Transactions: KeyBank Invests in Indiana

KeyBank Invests $15.3M in Indiana Skilled Nursing Facilities KeyBank Real Estate Capital invested a total of $15.3 million in two skilled nursing facilities operated by Trilogy Health Services, LLC in Indiana, providing FHA-backed financing for the Trilogy-Prairie Lakes Health Campus in Noblesville and Trilogy-St. Mary Healthcare Center in Lafayette. KeyBank’s John Randolph and Laura Conway […]