Instead of building mass by stringing together operators with national reach, skilled nursing operators and owners should instead concentrate on finding smaller, nimble partners.
The CEO and chairman of Sabra Health Care REIT, Rick Matros, said Thursday he would have no issue with going through bankruptcy proceedings for tenant Signature Healthcare as a way to "cleanse" its balance sheet.
Q: Some major REITs are trying to unload their skilled nursing homes, the Wall Street Journal recently reported. What's Sabra's position on SNFs?
Almost immediately after the 2006 schism that threatened to fully tear them fully apart, some stakeholders wanted to see the Alliance for Quality Nursing Home Care remain united with the American Health Care Association. Gradual Alliance attrition, combined with the effects of hard knocks from regulators and lawmakers, helped make it a reality this week.
Sun Healthcare Group Inc., a major nursing home chain, recently completed its corporate split, which separates its real estate holdings from its nursing operations.
Sun Healthcare Group Inc., one of the largest nursing home operators in the country, said Monday it plans to split itself into two publicly traded companies.