News

Three High-Priced Acquisitions in PA

July 17, 2015, The Senior Care Investor - In a sale-manageback transaction, a non-traded REIT purchased three senior living communities with 328 total units in Pennsylvania fromHeritage Senior Living for $87.5 million, or $266,800 per unit. Compared to…

NorthStar, Partners Close on Extendicare JV

July 16, 2015, Paul Bubny, GlobeSt.com - NorthStar Healthcare Income and its two joint venture partners, Formation Capital LLC and Safanad Management Ltd., has closed on the acquisition of operator Extendicare International.…

'Safe Staffing' Legislation Still Needs Work, State Healthcare Leader Says

July 16, 2015, Emily Mongan, McKnights - A bill requiring Washington nursing homes to provide each resident with more than three hours of direct care per day was

Philips is Spearheading Senior Care's Newest Tech Hub

em>July 16, 2015, Jason Oliva, Senior Housing News - Multinational tech giant Philips is at the center of a new research hub that aims to develop services and solutions focused senior care technology. And the company has enlisted a slew of collaborators, including in senior living, to further…

CMS: Fraud Prevention System Saves $820M in Improper Medicare Payments

July 15, 2015, Emily Mongan, McKnights - The Centers for Medicare & Medicaid Services Fraud Prevention System identified or prevented $820 million in improper payments…

Senior Housing M&A Deals On Pace for Record Year

July 15, 2015, Elizabeth Ecker, Senior Housing News - The number of senior housing transactions to date in 2015 is on pace to make this year a record one, following several years of major merger and acquisition volume and record…

Granite Acquires Five Skilled Nursing Facilities in South Texas for $90.1M

July 15, 2015, Seniors Housing Business - Granite Investment Group has acquired five skilled nursing facilities in South Texas via two separate off-market transactions for a total of $90.1 million. Totaling 684 beds, the five properties, which were not identified, are leased on a long-term triple…

Senators Request GAO Report on Medicaid Oversight of Care in Assisted Living Facilities

July 14, 2015, Holly Petrovich, McKnights - A bipartisan group of U.S. senators sent a letter to the Government Accountability Office requesting a report on Medicaid oversight and quality of care in…

Obama Administration Moves to Strengthen Nursing Home Oversight

July 13, 2015, Virgil Dickson, Modern Healthcare - The CMS is proposing rules aimed at dramatically improving the quality of care Medicaid and Medicare beneficiaries are receiving in nursing homes. An estimated 1.5 million beneficiaries are receiving treatment at more than 15,000 long-term…

CMS Proposed Rules to Revamp Nursing Home Care, Trim Costs

July 13, 2015, Kaiser Health News, Healthcare Finance - After nearly 30 years, the Obama administration…