The nation's largest provider of skilled nursing services is teaming with the University of New Mexico Health System in an effort to tackle the growing issue of hospital readmissions among nursing facility residents.
Occupancy rates for skilled nursing facilities dropped to 82.2% in the second quarter of 2016 — the lowest level in five years, according to a report released in September by the National Investment Center for Seniors Housing & Care.
Sabra Health Care REIT is the latest in a string of real estate investment trusts looking to distance themselves from problematic skilled nursing portfolios.
CareTrust REIT Inc. acquired a portfolio of two California skilled nursing facilities, along with two seniors housing properties, for $34.4 million, the company announced in August.
Griffin-American Healthcare REIT III Inc. acquired five Massachusetts skilled nursing facilities in the second quarter of 2016, the company announced in July.
CareTrust REIT Inc. has acquired a California skilled nursing facility for $6.9 million, the company announced in early August.
Nursing home providers should use claims data to identify trends that may shift their business plans, one expert recommended in June.
Skilled nursing facilities experienced slightly increased occupancy rates in the first quarter of 2016, likely due to winter-related causes such as flu and falls, according to the National Investment Center for Seniors Housing & Care.
Real estate investment trusts are becoming increasingly cautious of the pitfalls associated with skilled nursing portfolios, according to a report from Fitch Ratings.
HCP ignored fraud and misled investors about the performance of ManorCare, its skilled nursing portfolio, according to a class action filed in May.
A study in PLOS Medicine argues that previous research pointing to allegedly inferior care in for-profit skilled nursing facilities should drive the development of ways to protect vulnerable residents.
A Pennsylvania long-term care provider has agreed to a new contract that will pay most certified nursing assistants $15 an hour within five years.
Medium-sized nursing homes and for-profit facilities have seen the biggest increases in number of facilities over the last five years, according to new data from the Centers for Medicare & Medicaid Services.
Dallas-based Regency Post-Acute Healthcare System has sold a portfolio of 33 Texas skilled nursing facilities to Capital Senior Ventures, the companies announced in March.
A pilot program designed to curb hospital admissions in Brookdale Senior Living's communities has shown positive returns, the company announced in late February.
Physician staffing firm TeamHealth is aiming to acquire post-acute physician groups in 2016 following its purchase of IPC Healthcare Inc.
The senior care market closed out 2015 with more mergers and acquisitions than in 2014, but the dollar value of those deals was significantly less, according to a new report.
Long-term care provider Extendicare has reached an agreement with investment firm Oxford Park Group that will help avoid a "distracting proxy contest," the company announced in late January.
Mid-Atlantic Health Care LLC has acquired a portfolio of four skilled nursing facilities that will spread its presence in Western Maryland.
Mergers and acquisitions in the healthcare sector are set for a robust 2016, according to a new report.
Louisville-based Signature HealthCare LLC is now the largest post-acute network in Kentucky, thanks to the acquisition of a fellow Louisville company's skilled nursing division.
Senior Care Centers acquired two Texas skilled nursing facilities in a $23 million deal, the Dallas-based company announced in December.
CareTrust REIT has completed the acquisition of a $177 million skilled nursing portfolio from Liberty Healthcare in Ohio, the company confirmed in October.
Post-acute provider and hospitalist staffing firm IPC Healthcare has acquired Chicago-based Hospital Medicine Consultants LLC, the companies announced in late October.
A joint venture between Griffin-American Healthcare REIT III and NorthStar Healthcare Income Inc. acquired senior healthcare provider Trilogy Health Services for $1.125 billion, the companies announced in late September.
A report released by investment firm Goldman Sachs named Brookdale Senior Living among six healthcare companies that make tempting targets for buyers.
Physician staffing company TeamHealth acquired post-acute care group IPC Healthcare Inc. for $1.6 billion, the companies announced in August.
Ventas Inc. announced it has completed the spin-off of the majority of its post-acute and skilled nursing facility portfolio into an independent, publicly traded REIT.
Granite Investment Group acquired a $90.1 million portfolio of five South Texas skilled nursing facilities in mid-July. The acquisition, which was completed through two off-market transactions, brings the Irvine, CA-based company's total portfolio value to $540 million. The company's portfolio is primarily comprised of senior housing facilities.
Extendicare closed the $870 million sale of its United States facilities to an investor group led by private equity firm Formation Capital LLC.
Genesis Healthcare will acquire 24 skilled nursing facilities from Revera Inc., as part of a $240 million portfolio.
Sabra Health Care REIT Inc. purchased four Maryland transitional care facilities for $234 million, the company announced in late June.
NorthStar Healthcare Income Inc. closed on a $639.3 million portfolio of continuing care retirement communities in mid-June.
Real estate investment trust heavyweight Ventas flexed its muscles during the first quarter of 2015 as it reported record revenues and a plan to spin off most of its skilled nursing portfolio.
Pending board approval of both organizations, Mercy Hospital St. Louis was preparing to transfer the ownership of 120 skilled nursing beds on its campus to Lutheran Senior Services.
Due to economic hardship, Hebrew Hospital Home is seeking a New York court's permission to sell its 160-bed senior residence facility in Westchester County.
Florida-based Greystone Healthcare Management has forged ahead with its acquisition of Autumn Health Care despite the central Ohio chain's former owner being indicted on charges of Medicaid fraud, forgery and operating a nursing home without a license.
Kindred Healthcare has completed its purchase of Gentiva Health Services in a deal valued at $1.8 billion, including assumed debt.
Embattled Brookdale Senior Living is being asked by a major shareholder to spin off its real estate holdings and revamp its governance board.
» Senior Housing Properties Trust will buy 38 senior-living communities for $790 million from CNL Lifestyle Properties Inc., including assumption of debt. The deal is expected to close in the second quarter. The communities encompass 3,466 total living units. This includes 826 independent living units, 1,860 assisted living units, 744 memory care units and 36 skilled nursing beds.
Ventas has declared a prorated common stock dividend, pending the completion of its American Realty Capital Healthcare Trust purchase.
Seniors housing companies prepping for baby boomers may encounter prospects who are largely unwilling and unable to relocate.
» Walker & Dunlop said a $9.9 million loan for the refinance of Vista Healthcare Center in California has closed. The center has 187 skilled nursing beds. The transaction was processed through the HUD's LEAN program. The borrower, LifeHOUSE Health Services, will be able to pay off existing intra-company debt and take advantage of a long-term sub-4% rate. The loan is "somewhat unique," the firm said, as it carries a one-year lockout period with four years of lower-than-standard prepayment penalties.
Kindred Healthcare will expand its headquarters and add about 500 jobs, the company announced in December.
Long-term care providers should prepare for higher liability costs. They are anticipated to increase by 5% on a national basis in 2015, according to a new analysis from the American Health Care Association/National Center for Assisted Living and Aon Global Risk Consulting, an arm of insurer Aon plc.
» Omega Healthcare Investors is poised to own nearly 875 skilled nursing properties across 41 states, following its merger with Aviv REIT in a $3 billion deal announced in November. The all-stock deal will create the nation's "premier publicly traded pure-play skilled nursing facility real estate investment trust," the companies stated in joint press releases. The combination of the powerhouse REITs is just the latest mega-deal in the long-term care sector.
Seniors housing stock enjoyed occupancy rates above 90% in the third quarter, the National Investment Center for Seniors Housing & Care announced. Occupancy is up 3.4% since the cyclical low of 86.9% seen in the first quarter of 2010.
Nonprofit long-term care providers must work together to address alarming trends, or their market share could plummet, LeadingAge Chairman David Gehm told association members.
» Large nonprofit senior living groups continue to be largely the domain of faith-based operators, according to the latest LeadingAge Ziegler 100 report. Presbyterian-, Methodist- and Lutheran-run organizations were the most common, investigators found.
Many senior living operators could do a better job of attracting potential customers, a study by students at George Mason University has found.