News

CMS Asks For Comments On Physician-Owned Hospital Regulation

April 17, 2017, Virgil Dickson, Modern Healthcare - The Trump administration wants to hear comments on restrictions that the Affordable Care Act placed on physician-owned hospitals.  On Friday, the CMS issued a proposed rule for inpatient hospitals that contained two requests for information.…

These Properties Outshine Senior Living In Investors’ Eyes

April 17, 2017, Mary Kate Nelson, Senior Housing News - Health care real estate investors have expressed interest in acquiring assisted living communities and skilled nursing facilities this year—but not nearly as much interest as they have in acquiring…

AdCare Fires CEO For Lying About His Credentials

April 17, 2017, Lois Bowers, McKnight's Long-Term Care News - AdCare Health Systems fired its CEO and chairman of the board, William McBride III, on Monday after an internal investigation revealed that he had lied about his educational background, the self-managed healthcare real…

These Contract Types Are Losing Favor In CCRCs

April 16, 2017, Mary Kate Nelson, Senior Housing News -  Plenty has changed in the senior housing industry since the bad old economy of 2007—including the pricing approaches taken by continuing care retirement communities (CCRCs).  Since 2007, the use of Type A and Type C contracts…

HCP Spin-Off Reveals ManorCare’s Dire Financial State

April 16, 2017, Mary Kate Nelson, Senior Housing News - It has been far from smooth sailing for Quality Care Properties (NYSE: QCP) since its spin-off from HCP Inc. (NYSE: HCP) last year.  It was no secret that QCP was formed to take a troubled tenant, skilled nursing provider HCR ManorCare,…

Lawmakers Back Medicaid Changes To Boost Nursing Home Wages

April 10, 2017, Mina Corpuz, LowellSun.com - The entire Lowell delegation is backing a pair of bills that would increase wages for nursing home workers and maintain quality care for patients.  Rep. Tom Golden, a Lowell Democrat, and Sen. Harriette Chandler, a Worcester Democrat, offered bills…

MedPAC Votes Unanimously For Proposed PAC Payment Overhaul To Start In 2021

April 10, 2017, Emily Mongan, McKnight's Long-Term Care News - The Medicare Payment Advisory Council (MPAC) voted unanimously on Thursday, April 6th to recommend an accelerated timeline for implementing a unified, site-neutral payment system for post-acute care providers.

Senior Living CEOs: Go Big On Data, Not On Discounts

April 9, 2017, Alana Stramowski, Senior Housing News - It’s clear senior living has jumped on the technology bandwagon, but can all of the innovative tools bring a low-performing operator to the top?  Some industry leaders think not. Speaking last week at the Senior Housing News Summit in…

Report: Employment Growth In SNFs Below National Average

April 7, 2017, Emily Mongan, McKnight's Long -Term Care News - The skilled nursing industry has shown the slowest average employment growth among healthcare sectors over the last 16 years, according to a 

Ensign Group Buys A 74-Bed Facility To Expand In Iowa

April 7, 2017, Zacks Equity Research - The Ensign Group, Inc. ENSG has acquired the Rehabilitation Center of Des Moines--a skilled nursing operation with 74 beds.  The facility is subject to a long-term lease and the acquisition…