News

New OIG Litigation Team Will Tackle Medicare, Medicaid Fraud Cases



July 2, 2015, Emily Mongan, McKnights
- The U.S. Department of Health and Human Services Office of Inspector General has created a new team of attorneys…

Extendicare Closes $870 Million Sale of its U.S. Business to Formation



July 2, 2015, Tim Mullaney, Senior Housing News - Canada-based Extendicare Inc. has completed the $870 million sale of its U.S. business to a group of investors led by private equity firm Formation Capital, LLC, effective July 1, the company announced today. The Canadian skilled…

Interview: NHI CEO on Rising Rates, Hot Markets and 2015



June 26, 2015, Jason Oliva, Senior Housing News - With interest rates likely to rise and some major players shifting their approach to skilled nursing,…

Enormous Health Care REIT Consolidation Wave is Yet to Come



June 24, 2015, Jason Oliva, Senior Housing News - Health care real estate investment trusts (REITs) have been the most active investors in senior housing properties of late, dishing out hundreds of millions of dollars to acquire massive portfolios. But the full force of their…

Sabra Health Care REIT, Inc. (SBRA) Announced That It Has Agreed to Purchase a Portfolio of Four Transitional Care Facilities Located in Maryland



June 22, 2015, Global Newswire - On June 22, 2015, Sabra agreed to acquire four skilled nursing facilities that specialize in transitional care and medically complex post-surgical, ventilator and dialysis patients with a total of 678 licensed beds (collectively, the "NMS…

Assisted Living Provider Champions Health Care Partnership Model



June 19, 2015, Elizabeth Ecker, Senior Housing News - "Health care partnership" has become a catch phrase of late in senior living, as providers seek ways to align their missions with local organizations that provide health care to senior living residents. Many are talking about…

MedPAC Calls for Loosening of '3-day' Qualifying Stay, RAC Auditing Reforms



June 15, 2015, James Berklan, McKnights - The Medicare Payment Advisory Commission is recommending allowing nursing home coverage for beneficiaries who have spent as little as one day in hospital inpatient status, combined with up to two days in observation status. The existing…

Genesis to Acquire $240 Million SNF Portfolio From Revera



June 15, 2015, Cassandra Dowell, Senior Housing News - Genesis HealthCare (NYSE: GEN) announced Monday that the company has signed an asset purchase agreement with Revera Inc. to acquire 24 of its U.S. skilled nursing facilities along with its contract rehabilitation business…

Providers Shorten Sales Cycle With New Approach to Online Leads



June 14, 2015, Emily Study, Senior Housing News - The decision to move into senior living is one that takes time — time that senior living providers are often looking to shorten, especially as seasonal occupancy declines drag down operational efficiencies. But with the help…

House Votes to Remove Medicare Cuts from Trade Bill



June 11, 2015, Emily Mongan, McKnights
- The House voted 397-32 yesterday to remove controversial Medicare cuts from legislation that would have used Medicare dollars to help pay for the expansion of the Trade Assistance Adjustment program, giving a victory to providers. The Trade…