After a string of settlements and defeats in False Claims Act lawsuits filed against various long-term care providers, one of the biggest found reason to celebrate.
Genesis HealthCare CEO George Hager said the battered nursing home chain hoped to save $54 million per year with new leases — once landlords Welltower Inc. and Sabra Health Care REIT sold their Genesis holdings.
Instead of building mass by stringing together operators with national reach, skilled nursing operators and owners should instead concentrate on finding smaller, nimble partners.
HCR ManorCare announced in late September that its long-time president and CEO, Paul Ormond, would step down after more than three decades at the company.
Pennsylvania Attorney General Josh Shapiro has attempted to revive a lawsuit that claims nursing home giant Golden LivingCenters was guilty of "false advertising" for its services.
Kindred Healthcare took a big first step toward selling off its remaining skilled nursing facilities in late August.
A giant new skilled nursing-assisted living chain was given birth in August, when shareholders of Sabra Health Care REIT and Care Capital Properties voted to approve a deal that would combine the two into one real estate investment trust.
Quality Care Properties kept the heat on HCR ManorCare top managers, announcing in mid-August that it had begun the process of appointing an independent receiver to oversee the provider's skilled nursing and assisted living facilities.
Kindred Healthcare Inc. confirmed in July its previously announced plan to exit the skilled nursing facility industry.
Timonium, MD-based Mid-Atlantic Health Care LLC has sold a portfolio of eight Pennsylvania nursing facilities.
Care Capital Properties and Sabra Health Care REIT will join forces to create a "premier" healthcare real estate investment trust, the companies announced in May.
Transactions within the nursing care sector reached $500 million in the first quarter of 2017, according to the National Investment Center for Seniors Housing & Care.
The number of nursing homes affiliated with a chain provider has increased in recent years, with independent facilities becoming less common. But chains' growth typically poses little threat to local market competition, according to a new study.
Kindred Healthcare Inc. may be exploring a full sale along with its exit from the skilled nursing sector, Reuters reported in April.
The recent failure of the GOP's American Health Care Act has left the healthcare industry in a period of pause that's likely to benefit real estate investment trusts, according to observers.
A portfolio of 18 Midwest skilled nursing facilities was sold in a $82 million deal mediated by Blueprint Healthcare Real Estate Advisors.
A New York-based healthcare provider acquired the licenses of 10 Pennsylvania Golden LivingCenters that were targeted in a lawsuit filed by former state Attorney General Kathleen Kane.
CareTrust REIT Inc. has purchased five Illinois skilled nursing facilities for $29.2 million, the company announced in March.
Two of the country's largest post-acute care providers are joining forces in an effort to improve quality and care transitions.
Long-term care transactions had the largest deal volume and value of any healthcare sector last year, according to a recent report.
CareTrust REIT Inc. acquired a portfolio of four Texas skilled nursing properties for $96 million, the company announced in early December.
Genesis HealthCare CEO George Hager Jr. said in a recent interview that he hopes nursing homes will see "federal funding that is additive to the inadequate Medicaid funding" in 2017 — although it's still likely to be short.
Kindred Healthcare Inc. has entered into an agreement to purchase 36 skilled nursing facilities from Ventas ahead of its exit from the skilled nursing sector, the provider announced in November.
The skilled nursing sector could see increased operator consolidation in the coming years, according to an official with the National Investment Center for Seniors Housing & Care.
Genesis HealthCare expects to save $10.5 million in rent payments following the sale of 92 skilled nursing facilities previously leased by its biggest landlord, the long-term care giant announced in early November.
HCP Inc. completed its previously announced spin-off of its troubled HCR ManorCare skilled nursing and assisted living portfolio into a new real estate investment trust on Oct. 31.
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.