News

Canadian Facility Brings Skilled Nursing, Condo Living Together

February 25, 2018, Maggie Flynn, Skilled Nursing News - A new residence in British Columbia is making retirement a matter for the whole family.  And that includes those who might need care on an around-the-clock basis.  The Opal residence from Element Lifestyle Retirement, which provides…

Senate Democrats Ask HHS To Restore Some Nursing Home Regulations

February 22, 2018, Kimberly Marselas, McKnight's Long-Term Care News - A group of leading Democratic senators is asking the Department of Health and Human Services to reverse its stance on rolling back nursing home regulations in a Feb. 14 

PE Firm Buys High-Medicaid Assisted Living Community

February 21, 2018, Steve Monroe, Senior Care Investor - Despite having a nearly two-thirds Medicaid census, an assisted living community in Bellingham, Washington still maintained a healthy profit margin and sold to a California-based private equity firm.  Built 40 years ago, the 66-unit…

Bad Flu Season, But That’s Not The Story

February 21, 2018, Steve Monroe, Senior Care Investor - It is a horrific flu season, but it may be unfairly blamed for current seniors housing woes.  So, we have all been hearing about this horrible flu season, especially with the unusual number of children’s deaths, including…

Michigan Inching Toward Privatizing Long-Term Care

February 21, 2018, Kimberly Marselas, McKnight's Long-Term Care News - Michigan is laying the groundwork to privatize its $2.8 billion Medicaid nursing home and long-term care services.  A brief proposal included in the state's 2017-2018 budget calls on the Department of Health…

Michigan Considers Moving Long-Term Medicaid To Managed Care

February 20, 2018, Maggie Flynn, Skilled Nursing News - Long-term care (LTC) groups in Michigan expressed alarm at the possibility of the state moving its $2.8 billion Medicaid nursing home and LTC services programs to managed care, according to a report in Crain’s…

NHC Saved $8.5 Million Under New Tax Plan In 2017

February 20, 2018, Alex Spanko, Skilled Nursing News - National HealthCare Corporation (NYSE American: NHC) turned in a positive 2017 with the help of the recent Republican-led tax overhaul.  The Murfreesboro, Tenn.-based skilled nursing provider announced Tuesday that it logged net income…

Skilled Nursing Provider Bets On Remote Monitoring

February 20, 2018, Maggie Flynn, Skilled Nursing News - A recent vendor-funded study showed that passive monitoring technology could bring savings to skilled nursing operators — and at…

Assisted Living Prices Hit Record

February 14, 2018, Steve Monroe, Senior Care Investor - Despite multiple headwinds, assisted living prices hit record levels in 2017, while skilled nursing facility prices slumped for the first time in six years.  There…

Operators Bearish On Future Of Standalone Skilled Nursing Facilities

February 13, 2018, Alex Spanko, Skilled Nursing News - Of the 4,000 leaders who answered a survey in December, 34% said they had a poor outlook for the economic viability of standalone SNFs over the next three years, with an additional 33% assessing the future as “fair” for the asset class. …