» The Department of Health and Human Services announced $20 billion in new Provider Relief Funding for operators in early October. The funding was made available for providers that have experienced financial losses and changes in operating expenses caused by the pandemic.
» Shankh Mitra has been promoted to CEO of Welltower and joined its board of directors, the real estate investment trust announced in early October. Mitra previously served as the company’s vice chair, chief operating officer and chief investment officer. He succeeded Thomas J. DeRosa, who stepped down as chairman and CEO after leading Welltower for more than six years.
» Blueprint Healthcare Real Estate Advisors facilitated the sale of four eastern Massachusetts skilled nursing facilities with a total of 572 beds. The deal closed on Oct. 1.
» Private real estate and asset-based lender Monticello provided $2 million in working capital financing to the operating companies of two skilled nursing facilities in Montana. The facilities have a total of 338 beds.
From the November 2020 Issue of McKnight's Long-Term Care News
