Executives for American Healthcare REIT (NYSE: AHR), which launched a public offering in February, said Friday that they were optimistic about the company’s long-term care prospects even as occupancy growth might not be as robust in 2024 as in the year prior. During the company’s earnings call to discuss 2024 annual and 2023 fourth quarter […]
American Healthcare REIT fell short of its targeted initial public offering (IPO) amount, raising $672 million. The Irvine, California-based real estate investment trust was aiming to raise up to $840 million. Shares were sold at the bottom of a marketed range, adding to a run of modest performances as more companies moved ahead with new […]
American Healthcare REIT announced Monday the terms of its expected initial public offering (IPO), saying that it was aiming to raise up to $840 million. The California-based real estate investment trust’s (REIT) primary operating partner is Louisville, Kentucky-based Trilogy Health Services, which is one of the nation’s largest skilled nursing and senior living providers. The […]
Nursing home leaders from across the nation, including the largest advocacy groups for the sector, plan to oversee efforts in 2024 to increase funding – both from the federal government and through improved revenue streams as operating pressures ease slightly. At the center of these efforts is an attempt at influencing the political will and […]
With nursing home operators having a couple months to process the minimum staffing proposal, many are taking a hard look at what would need to change to meet the proposal in its current form, and what revisions would make the most sense. Leaders with Trilogy Health Services, Avamere Living and Ignite Medical Resorts caution that […]
Trilogy Health Services is bringing ancillary services provider Synchrony back in house, with Synchrony CEO and Trilogy Founder Randall Bufford stepping back from his leadership role. According to an announcement published Tuesday, Synchrony is joining Trilogy as a business unit rather than remaining a separate company subsidiary. Bufford is dropping his CEO role but will […]
As acuity continues to rise among nursing home residents, providers say reimbursement needs to change too – and not just the dollar amount. Incentives should be based on quality of care, and the industry will need to build out specific reimbursement models to match expanded acuity specialities, especially as value-based care becomes more and more […]
This article is sponsored by Synchrony Health Services. In this Voices Interview, Skilled Nursing News sits down with Randall J. Bufford, Founder & Chairman of Trilogy Health Services, and President & CEO of Synchrony Health Services, to learn about Synchrony’s progressive approach to integrated solutions and the benefits of utilizing a sole vendor partner. He […]
As acuity rises in the long-term and post-acute care settings, nursing homes and hospitals are in greater competition for nurses. Nurses may have in the past preferred to work in the traditional hospital setting for the chance to apply their clinical skills in more sophisticated ways, and for higher salaries. But an increase of residents […]
Trilogy Health Services today announced plans to expand into Wisconsin starting with two facilities, bringing its roster of campuses to nearly 130 across five states. The newly acquired properties – Sun Prairie Senior Living and Waunakee Valley Senior Living – both offer post-acute health care services. Both also offer assisted living, and Waunakee has an […]
Skilled nursing COOs face a slew of challenges, but are also focused on seizing new opportunities to drive clinical quality, expand revenue streams and differentiate their companies in the marketplace. All this, while keeping a close eye on regulatory and reimbursement headwinds. “The opportunities that are out there as we come out of this public […]
Trilogy Health Services last week announced the appointment of the company’s first-ever chief medical officer, naming Dr. Andrew McNamara to the post. Appointing a CMO is just the latest step in Trilogy’s concerted, multi-year effort to elevate clinical care. The push can be traced to 2019, when Leigh Ann Barney became CEO. “People asked, what’s […]
The coming year will be “a bit of a slog” for skilled nursing, but operating and financial headwinds should ease over the course of 2023. That’s the viewpoint of Rick Matros, CEO of Sabra Health Care REIT (Nasdaq: SBRA), which owns 270 skilled nursing and transitional care properties, along with senior living, behavioral health and […]
“The sector has a tremendous opportunity to reimagine how we deliver care.” These are the words of Nate Schema, president and CEO of The Evangelical Lutheran Good Samaritan Society, one of the largest providers of skilled nursing services in the United States. Good Sam is reimagining care in part through a $350 million virtual care […]
In 2022, skilled nursing providers faced crushing workforce challenges, and responded with a wide array of initiatives. Through apprenticeship programs, sign-on bonuses and other incentives and programs, operators did notch wins, as reflected in numbers such as participation rates, program completion rates and retention figures. Trilogy Health Services, Dwyer Workforce Development (DWD), Principle LTC and […]
Bernie McGuinness, CEO of Majestic Care, always knew that he wanted a rewarding career where he could work with people and make a tangible impact. His pursuit of such a career led him from being a certified nursing assistant (CNA) to the CEO of a nursing home company that he co-founded. Majestic Care now has […]
By Tim Regan American Healthcare REIT, the majority owner of Trilogy Health Services, is filing for an initial public offering nearly one year after its $4.2 billion merger. The Irvine, California-based real estate investment trust (REIT) is seeking to list shares of common stock on the New York Stock Exchange as part of an initial public […]
Federal reforms — on top of chronic underfunding in the state — has Texas-based Cascade Health Services fearing that certain facilities will be left at a disadvantage as the operator looks to grow regionally. Permanent Medicaid rate increases could be a start, Cascade CEO Ron Haney told Skilled Nursing News, but facilities in Texas will […]
As Trilogy Health Services has grown from two facilities to 127 since Leigh Ann Barney came on board, the senior care company has continued to scale its business by being “strategically opportunistic.” What that means, according to Barney, is that Trilogy has acquired or built buildings by following the organization’s core tenants: Offering care across […]
While nursing home operators welcome more time to certify temporary nurse aides (TNAs), many believe it’s simply not enough — and must be just the first in a series of steps the federal government has to take — to help revive a seriously depleted workforce from top to bottom. The Centers for Medicare & Medicaid […]
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