News

Leaving The Land Of Lincoln

April 20, 2018, Steve Monroe, Senior Care Investor - Illinois is often cited as a state in which skilled nursing owners and operators do not want to do business in.  Its uncertain reimbursement market and fiscal situation make for a risky investment, particularly outside of the more densely…

Florida-Based Avante Group In Two-State Deal With Sentosa Care

April 20, 2018, Kimberly Marselas, McKnight's Long-Term Care News - The Avante Group is planning to exit the North Carolina market and to significantly reduce its presence in Virginia, having reached a deal with New York-based Sentosa Care LLC for 10 skilled nursing facilities.

Pay No Attention To Senior Living's Identity Crisis

April 19, 2018, John O'Connor, McKnight's Senior Living - The first-quarter occupancy numbers are in.  If they are not quite dismal, they're certainly…

New Census Bureau Data Show Steady Increase In Prospective Residents

April 19, 2018, Lois Bowers, McKnight's Senior Living - Most U.S. older adults who make the move to a senior living community do so between ages 75 and 84, according to the American Seniors Housing Association's (ASHA) Where You Live Matters consumer education campaign.

Providers Must Lay Groundwork Now For Coming Payment ‘Game Changer’

April 19, 2018, Alex Spanko, Skilled Nursing News - The Centers for Medicare & Medicaid Services (CMS) hasn’t yet announced complete details about upcoming changes to therapy reimbursements, but that doesn’t mean skilled nursing facilities should wait for the upcoming announcement on the…

Seniors Increasingly Open To Medical Marijuana Use

April 19, 2018, Alex Spanko, Skilled Nursing News - An overwhelming majority of older Americans aged 50 to 80 support the use of marijuana as directed by a doctor — despite significant barriers to medically supervised cannabis in long-term care according to a new University of Michigan/AARP…

Three Republican States Considering Medicaid Expansion

April 19, 2018, Kimberly Marselas, McKnight's Long-Term Care News - Organizers in Utah this week submitted enough signatures to get a Medicaid expansion question put on the state's November ballot.  Medicaid expansion would cover about 150,000 low-income people in Utah.

Ambulance Cuts Pave Way For New Ride Providers

April 19, 2018, Kimberly Marselas, McKnight's Long-Term Care News - With mounting financial pressure driving some private ambulance companies out of business, more ride-hailing operators are stepping into the vacuum and providing non-emergency transportation to and from nursing…

Weighting The Seniors Housing Cap Rate By Units

April 19, 2018, Steve Monroe, Senior Care Investor - The average seniors housing (independent living and assisted living, combined) cap rate resumed its downward trend that began after the Great Recession and strayed only one year (in 2016), hitting a new record low too, at 7.5%, according…

Illinois Supportive Living Facilities Lock In $55.3 Million In HUD Loans

April 18, 2018, Maggie Flynn, Skilled Nursing News - Housing & Healthcare Finance (HHC Finance), a commercial finance company based in Washington, D.C., closed four Department of Housing and Urban Development (HUD) loans totaling $55.3 million for a portfolio of four supportive living facilities…