News

How Skilled Nursing Can Fight Liability Insurance Pressures

March 26, 2018, Maggie Flynn, Skilled Nursing News - In a difficult liability environment like the state of Kentucky, skilled nursing and long-term care (LTC) providers need to…

Still No Word On Lifetime Medicaid Limits

March 26, 2018, Kimberly Marselas, McKnight's Long-Term Care News - Lawmakers and reporters alike have been unable to pin down Centers for Medicare & Medicaid Services Administrator Seema Verma on her agency's view of states' requests to impose lifetime coverage limits on Medicaid…

Skilled Nursing Providers, Billing Consultants Pay $6 Million

March 26, 2018, Kimberly Marselas, McKnight's Long-Term Care News - Four skilled nursing facilities and the two financial consultants they used to bill for therapy services agreed last week to a $6 million settlement to resolve fraud allegations brought by the U.S. Attorney's Office…

Bank Of America Upgrades Sabra Outlook

March 26, 2018, Alex Spanko, Skilled Nursing News - By at least one analyst’s assessment, Sabra Health Care REIT’s (Nasdaq: SBRA) decision to diversify away from skilled nursing facilities has boosted its fortunes.  Bank of America Merrill Lynch upgraded the real estate investment trust’s…

Chain Of 21 Nursing Homes Placed In Receivership

March 26, 2018, Maggie Flynn, Skilled Nursing News - A chain of 21 nursing homes is now under the control of a third-party receiver after its owners failed to make payroll.  Nebraska officials placed the Cottonwood Healthcare chain under receivership March 23, according to a Monday report in…

Maryland Nursing Home Sells For $15 Million

March 25, 2018, Maggie Flynn, Skilled Nursing News - Pennsylvania ManorCare Facility Purchased by Tryko PartnersBrick, NJ based private equity group Tryko Partners purchased ManorCare Health Services at Mercy Fitzgerald Hospital in Yeadon, PA, The Philadelphia…

Hong Kong Company Gains 5.11% Stake In Brookdale

March 25, 2018, Lois Bowers, McKnight's Senior Living - Hong Kong-based Fosun International Limited, a Chinese international conglomerate and investment company, now has a 5.11% stake in Brookdale Senior Living (NYSE: BKD), the company said in a Friday…

Pricing Age Into Seniors Housing Sales

March 23, 2018, Steve Monroe, Senior Care Investor - It shouldn’t come as a surprise that in 2017, the oldest seniors housing properties (independent living and assisted living properties built before 2002) were valued the lowest and the newest properties (built after 2011) were valued the…

Lawmakers Target Nursing Homes' Biggest Payer

March 22, 2018, Kimberly Marselas, McKnight's Long-Term Care News - Two Congressional subcommittees focused on oversight are banding together to look at reducing fraud and waste in the Medicaid system.  The Centers for Medicare & Medicaid reports 10% of all 2017 payments were improper…

Memory Care 'Fiercest' Area Of Competition For Five Star

March 21, 2018, Lois Bowers, McKnight's Senior Living - Memory care has been the “fiercest” area of competition in private-pay senior living over the past year, Five Star Senior Living President and CEO Bruce Mackey said Wednesday during a fourth quarter and full-year 2017 earnings…