Genesis HealthCare is partnering with Johns Hopkins Hospital’s Bayview campus in a $20 million project that may force many analysts to revamp skilled care bed valuations — and the nature of hospital-SNF alliances.
At a time when bed prices are hovering around $50,000, this partnership could put the per bed construction cost at a multiple three times that amount, possibly higher, observers believe.
Moreover, the venture could foreshadow other partnerships between skilled nursing providers and hospitals, according to analysts.
From the November 01, 2012 Issue of McKnight's Long-Term Care News