News

Skilled Nursing Lags Senior Care In Employee Engagement

July 13, 2018, James Berklan, McKnight's Long-Term Care News - Employees in senior care facilities are moderately more engaged than their skilled nursing counterparts, an indicator of potential future success, according to initial research into Great Place to Work applicants.

Managed Care Organizations Need To Increase Their Fraud Prevention Efforts, OIG Says

July 13, 2018, Elizabeth Leis Newman, McKnight's Long-Term Care News - Managed care organizations (MCO's), which oversee 80% of all Medicaid enrollees, are weak in fighting fraud and abuse, the Health and Human Services Inspector General said Wednesday.  MCOs often missed identifying…

Sabra Health Care Disposes Genesis & Signature Facilities

July 12, 2018, Zacks Equity Research - Recently, Sabra Health Care REIT SBRA announced the selling of nine healthcare facilities leased to Genesis Healthcare GEN on Jun 29, in a bid to dispose the properties leased…

Illuminate HC To Manage Nine Former ManorCare Facilities In Michigan

July 12, 2018, Maggie Flynn, Skilled Nursing News - Illuminate HC will take over nine former HCR ManorCare nursing homes in Michigan.  The management contract gives Illuminate a portfolio including 1,054 beds and more than 1,500 employees.  The facilities will transition to the brand SKLD,…

LCS Closes On $300 Million Equity Seniors Housing Programmatic Joint Venture

July 12, 2018, McKnight's Senior Living - Des Moines, IA-based LCS says it has closed on a $300 million equity seniors housing programmatic joint venture that will acquire and develop senior living communities.  LCS Real Estate will partner with a large institutional investor to…

Assisted Living Occupancy Drops To Record Low In Second Quarter

July 12, 2018, Lois Bowers, McKnight's Senior Living - The occupancy rate for assisted living continued its downward trend in the second quarter of 2018, falling lower than 

CMS Gives More Time To Return Bundled Payment Documents

July 9, 2018, Elizabeth Leis Newman, McKnight's Long-Term Care News - Providers working on the Bundled Payments for Care Improvement Advanced model have additional time to return signed participation agreements and return deliverables to the Centers for Medicare & Medicaid Services.

MBK Completes Largest Single Purchase, $382 Million Acquisition

July 8, 2018, McKnight's Senior Living - Irvine, CA-based MBK Senior Living has closed escrow on the largest single purchase in the company's 20-year history, spending $382 million to buy nine WESTliving senior living communities in Arizona, California and Washington, the company…

In-House Insurance Plans May Boost Skilled Nursing Operators, But Not Without Risk

July 8, 2018, Alex Spanko, Skilled Nursing News - The amount of skilled nursing residents covered by in-house insurance plans remains small, but the growth has been steady in just the last few years — and providers are beginning to stand up and notice.  Still, starting an Individualized Special…

NHI Sees Promise As Health Systems Move Into Skilled Nursing

July 5, 2018, Maggie Flynn, Skilled Nursing News - Recent deals by nonprofit health systems ProMedica and Sanford Health to acquire skilled nursing facility operations have put the sector on notice — and one CEO can understand why.  Eric Mendelsohn, the President…