Illuminate HC will take over nine former HCR ManorCare nursing homes in Michigan. The management contract gives Illuminate a portfolio including 1,054 beds and more than 1,500 employees. The facilities will transition to the brand SKLD, according to a press release announcing the deal. They are located in greater Detroit and Grand Rapids, Michigan. Illuminate, […]
Nursing home lobbyists in Iowa thanked federal regulators for lowering fines on facilities and asked them to “pursue a more collaborative — and less punitive — role” in nursing home regulation, the Des Moines Register reported Wednesday. In a July 7 phone call arranged by U.S. Sen. Charles Grassley, R-Iowa, Iowa Health Care Association (HCA) President Brent […]
Patients enrolled in Medicare Advantage programs outperformed traditional fee-for-service (FFS) on several key quality measures, according to a new report from Avalere. MA beneficiaries in Avalere’s study had 23% fewer inpatient stays and 33% fewer emergency room visits than FFS Medicare beneficiaries. MA beneficiaries received more preventive physician tests and services, while FFS Medicare beneficiaries […]
Tryko Partners acquired two skilled nursing facilities totaling 254 beds and plans to launch renovations and programming expansions at both properties. Marquis Health Services, Tryko’s health care affiliate, has assumed operations of the facilities. Tryko is a private equity group based in Brick, N.J., while Marquis has 10 SNFs in the Mid-Atlantic region, with additional […]
A skilled nursing facility can bolster resident quality of life by focusing on its dining, a study from the LeadingAge LTSS Center @UMass Boston suggests. That’s according to Natasha Bryant, senior research associate at the LTSS Center, who worked on a study that examined the impact of a person-centered care approach and household model on resident life […]
KeyBank Real Estate Capital provided $67.2 million in financing for a three-property skilled nursing portfolio in West Virginia, through the Federal Housing Administration’s 232/223(f) loan program. The facilities are include Marmet Center in Marmet, Cedar Ridge Center in Sissonville and Willows Center in Parkersburg. All of them are operated by Genesis Healthcare (NYSE: GEN). They have a […]
A program to provide hospital care in the home led to lower admissions to skilled nursing facilities for the patients who took part in it, a June 25 study found. But SNFs shouldn’t necessarily hit the panic button. The study, which was published in the Journal of the American Medical Association (JAMA), found that just […]
Sabra Health Care REIT (Nasdaq: SBRA) completed the sale of nine facilities leased to Genesis Healthcare (NYSE: GEN) for $81.4 million and one facility leased to Signature HealthCARE for $7 million. The Genesis facilities included seven skilled nursing facilities, one senior housing community and one continuing care retirement community (CCRC). As a result of the sale, […]
Most U.S. nursing homes experience staffing fluctuations and have been overreporting their nursing and caretaking staff levels for years, according to data analyzed by Kaiser Health News for the New York Times. The new federal data comes from daily payroll records that Medicare began gathering and publishing from more than 14,000 nursing homes, as part […]
Diversicare Healthcare Services, Inc. (NASDAQ:DVCR) announced Monday that Kelly J. Gill has retired as Chief Executive Officer. Taking over is James R. McKnight, Jr. who had been serving as the Chief Financial Officer since joining Diversicare in August 2012. “On behalf of the entire Board, we thank Kelly for his many contributions to Diversicare over the […]