News

$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…

Sabra Restructures Leases With Signature, Extends $12M Loan

May 7, 2018, Alex Spanko, Skilled Nursing News - After hinting at a possible solution earlier this year, Sabra Health Care REIT (Nasdaq: SBRA) has reached a deal to restructure its lease agreements with troubled tenant Signature HealthCARE.  Signature on Monday entered into an 11-year lease…

If Forced to Take Risk, Most ACOs Would Leave Shared Savings Program

May 6, 2018, Maggie Flynn, Skilled Nursing News - Over 70% of accountable care organizations (ACOs) indicated they would most likely leave the Medicare Shared Savings Program (MSSP) if they were forced to assume risk, a new web-based survey from the National Association of ACOs (NAACOS) recently…

Proposed Medicare Change Would Create Long-Term Care Benefit

May 2, 2018, Alex Spanko, Skilled Nursing News - A federal lawmaker on Wednesday rolled out a plan to provide a long-term care benefit as part of Medicare, citing the aging U.S. population and skyrocketing costs.  Rep. Frank Pallone, a New Jersey Democrat, unveiled the Medicare Long-Term…

Brookdale Enters Into Agreements With Ventas

April 27, 2018, PRNewswire - Brookdale Senior Living Inc. (BKD) ("Brookdale" or the "Company") today announced that it has entered into definitive…