News

Skilled Nursing Jobs To Grow By 13% Through 2026

May 10, 2018, Kimberly Marselas, McKnight's Long-Term Care News - Skilled nursing facilities' share of the healthcare workforce will shrink by 2026 even as its employee numbers grow, according to new projections built on Bureau of Labor data.  Overall, job growth in the healthcare…

Sabra CEO: ‘Old Testament’ Almost Over As Genesis Exodus Wraps

May 10, 2018, Maggie Flynn, Skilled Nursing News - Sabra Health Care REIT (Nasdaq: SBRA) on Thursday expressed optimism about the Centers for Medicare & Medicaid Services’ (CMS) new skilled nursing payment model and stressed its focus on executing its divestiture programs — particularly its…

Genesis: Medicare Advantage Provides Blueprint For New Payment Model

May 10, 2018, Alex Spanko, Skilled Nursing News - As the skilled nursing industry continues to digest the effects of the new Medicare proposed payment system, one CEO says that Medicare Advantage can provide a path forward.  The new Patient-Driven Payment Model (PDPM) isn’t all that different…

Fragile Seniors Need Shift Toward High-Value Care

May 9, 2018, Kimberly Marselas, McKnight's Long-Term Care News - More than 50 health system leaders and policymakers have called for an examination of issues important to chronically ill older adults and their caregivers in an an effort to compel payment and policy changes that…

$17.5M Mainstreet Facility Faces Foreclosure Before It Opens

May 9, 2018, Alex Spanko, Skilled Nursing News - An unopened transitional rehabilitation facility developed by Mainstreet is facing foreclosure after the company fell behind on monthly interest payments.  Avana Capital, an Arizona-based commercial lender, last week moved to foreclose on the…

CareTrust Sees ‘Better Returns And Brighter Future’ For Skilled Nursing

May 9, 2018, Maggie Flynn, Skilled Nursing News - CareTrust REIT (Nasdaq: CTRE) touted the resolution of tenant issues and predicted a brighter future for skilled nursing on its first-quarter earnings conference call —…

ProMedica-ManorCare Deal May Affirm Skilled Nursing’s Future In Senior Living

May 8, 2018, Alex Spanko, Skilled Nursing News - The splashiest skilled nursing deal of the year portends better things to come for the industry as a whole, according to the leader of one prominent senior living real estate investment trust (REIT).  National Healthcare Investors (NYSE: NHI)…

Omega Inks New Deal With Signature, Sees Hot Local M&A Market

May 8, 2018, Alex Spanko, Skilled Nursing News - One day after Sabra Health Care REIT (Nasdaq: SBRA) announced a major restructuring deal with skilled nursing provider Signature HealthCARE,…

Skilled Care Operators Might Want To Curb Their PDPM Enthusiasm

May 7, 2018, John O'Connor, McKnight's Long-Term Care News - Operators will finally be paid for the care they deliver.  That seems to be the industry's general sentiment toward a Centers for Medicare & Medicaid Services (CMS) proposal that would replace resource utilization groups…

Bridging The ‘Disconnect’ Between Skilled Nursing Operators And Landlords

May 7, 2018, Maggie Flynn, Skilled Nursing News - As multiple skilled nursing tenants struggle to pay their real estate investment trust (REIT) landlords, a Chicago-based real estate management company is looking to change the model of skilled nursing leases by getting its operators to see…