News

County-Owned SNF Gets New Private Owner

August 31, 2018, Steve Monroe, Senior Care Investor - A county-owned skilled nursing facility in Fremont, Ohio may see a brighter future under its new private owner, which acquired the property for $2 million, or just $24,400 per bed.  The three-story, 82-bed facility was built in 1965 and…

AHI’s Prosky On Skilled Nursing Optimism, M&A Strategies

August 26, 2018, Maggie Flynn, Skilled Nursing News - Danny Prosky, one of the co-founders of American Healthcare Investors, Inc. (AHI), has spent more than 20 years in the field of health care real estate investment — and he remains solidly upbeat about the future of the skilled nursing…

Arizona Skilled Nursing Facility With Behavioral Health Focus Sells For $15M

August 23, 2018, Maggie Flynn, Skilled Nursing News - The 211-bed Avalon Southwest Health & Rehabilitation located in Tuscon, Ariz., was recently sold for $15 million, or $71,000 per bed.  The SNF was owned by a group of investors based out of San Francisco, who leased it to Avalon Health…

Going Out On Top

August 22, 2018, Steve Monroe, Senior Care Investor - We’ve been saying this since 2014, but it seems to be a good time to sell a seniors housing property.  Prices are still near record highs in the assisted living market, at $221,250 per unit in 2017, according to the 23rd Edition…

Capital Senior Living CEO Larry Cohen To Retire

August 22, 2018, Lois Bowers, McKnight's Senior Living - Lawrence A. Cohen, Vice Chairman and CEO of Capital Senior Living Corp., will retire as effective Jan. 1, the company announced this morning.  Cohen has been with…

Ventas To Acquire Manhattan Community For $194 Million

August 22, 2018, Taylor Williams and Jeff Shaw, Seniors Housing Business - Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell Brookdale Battery Park, an independent living community in Manhattan, for $194 million.

The…

How Post-Acute Technology Will Give SNFS An Advantage

August 17, 2018, Lissy Hu, McKnight's Long-Term Care News - The demand for health services offered by post-acute providers such as skilled nursing facilities, home health agencies and inpatient rehabilitation centers is increasing.  This is due in part to the significant growth…

Skilled Nursing Outcomes Don’t Always Improve Along With Star Rating Gain

August 12, 2018, Maggie Flynn, Skilled Nursing News - Hospitalization rates play into the all-important five-star rating for nursing homes, but a new study finds that the two metrics aren’t necessarily correlated.  Improvements in nursing home star ratings were not matched by improvements…

NHI CEO: Investor Sentiment In Skilled Nursing Has Improved

August 12, 2018, John Yedinak, Skilled Nursing News - National Health Investors (NYSE: NHI) executives said this week that oversupply is putting pressure on private-pay senior living operators, but the health care real estate investment trust (REIT) continues to see additional opportunity…

Skilled Nursing Stuck in Awkward Middle

August 12, 2018, Alex Spanko, Skilled Nursing News - Narrowing networks of referral providers have been a top concern for skilled nursing facilities over the last two years, with industry leaders preaching the importance of improving…