Company news

ManorCare files papers for bankruptcy, QCP will buy it

The other shoe finally dropped for the one-time largest nursing home chain in the country.

Kindred asks shareholders to approve sale to Humana

Golden fights $1.8M edict

Judge relieves Consulate of $350M FCA verdict penalty

A federal judge erased a $347 million False Claims Act verdict against a rehab provider because the judge felt it was unlikely that government would have withheld payments even if it was aware of billing violations.

SNF scolded for rescue

A Syracuse, NY, nursing facility was called out by state surveyors after five nurses failed to consult a resident's chart, which contained a do-not-resuscitate order, and saved her life by using CPR and other measures.

Humana buys Kindred to build home health inroads

Kindred Healthcare has not only slid off the skilled nursing radar, it's also been sold — to insurer Humana Inc. and two private equity partners.

Major merger in discussion

Two huge hospital operators with a significant stake in long-term care could combine to create the largest U.S. hospital owner.

HCR 'vindicated' as Justice drops whistleblower lawsuit

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 looks to restructure

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.

Sabra CEO: biggest providers simply 'can't do it anymore'

Instead of building mass by stringing together operators with national reach, skilled nursing operators and owners should instead concentrate on finding smaller, nimble partners.

ManorCare CEO bows out

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.

AG revives 'false advertising' fight against Golden Living

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 sells 54 facilities

Kindred Healthcare took a big first step toward selling off its remaining skilled nursing facilities in late August.

Shareholders sign off on deal linking Sabra, CCP

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.

ManorCare receivership

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 confirms Ventas deal, will fully leave SNF biz

Kindred Healthcare Inc. confirmed in July its previously announced plan to exit the skilled nursing facility industry.

Mid-Atlantic sells 8 SNFs

Timonium, MD-based Mid-Atlantic Health Care LLC has sold a portfolio of eight Pennsylvania nursing facilities.

Sabra Health Care, CCP to team up in $7.4 billion deal

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.

SNF deals hit $500 million

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.

Chain-tied entrants are not disrupting local competition

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 may be eyeing sale

Kindred Healthcare Inc. may be exploring a full sale along with its exit from the skilled nursing sector, Reuters reported in April.

A surge for healthcare REITs after repeal-effort sputters

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.

SNFs sold for $82 million

A portfolio of 18 Midwest skilled nursing facilities was sold in a $82 million deal mediated by Blueprint Healthcare Real Estate Advisors.

Golden LivingCenters sells SNFs at center of PA lawsuit

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 nabs IL SNFs

CareTrust REIT Inc. has purchased five Illinois skilled nursing facilities for $29.2 million, the company announced in March.

Genesis, Kindred team up to tackle outcomes, transitions

Two of the country's largest post-acute care providers are joining forces in an effort to improve quality and care transitions.

2016 deals in LTC boomed

Long-term care transactions had the largest deal volume and value of any healthcare sector last year, according to a recent report.

CareTrust spends $96 million to purchase four Texas SNFs

CareTrust REIT Inc. acquired a portfolio of four Texas skilled nursing properties for $96 million, the company announced in early December.

Genesis CEO plots 2017

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 spends $700M with Ventas to ready for SNF exit

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.

Guru predicts consolidation

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: SNF selloff to trim rent outlays by $10.5 million

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 closes on SNF spin-off

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.

Genesis, UNM partner up to cut hospital readmissions

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 hits 5-year low

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 'prudently' divesting 29 Genesis-managed SNFs

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 to add two SNFs

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 picks up five Boston SNFs for $65.5 million

Griffin-American Healthcare REIT III Inc. acquired five Massachusetts skilled nursing facilities in the second quarter of 2016, the company announced in July.

CA community sells for $6M

CareTrust REIT Inc. has acquired a California skilled nursing facility for $6.9 million, the company announced in early August.

Look for business guidance in claims data, expert says

Nursing home providers should use claims data to identify trends that may shift their business plans, one expert recommended in June.

Occupancy is steered by flu

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.

REITs wary of skilled nursing sector woes, report asserts

Real estate investment trusts are becoming increasingly cautious of the pitfalls associated with skilled nursing portfolios, according to a report from Fitch Ratings.

ManorCare, HCP Inc. sued

HCP ignored fraud and misled investors about the performance of ManorCare, its skilled nursing portfolio, according to a class action filed in May.

For-profit shortfalls deserve additional safeguards: report

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.

PA provider OKs $15 wage

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.

Midsize, for-profit SNFs on the rise, CMS data reveals

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.

TX portfolio sets record

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.

Pilot program at Brookdale lowers hospital admissions

A pilot program designed to curb hospital admissions in Brookdale Senior Living's communities has shown positive returns, the company announced in late February.