News

Sabra Inks Deal To Sell 38 Senior Care Centers

December 6, 2018, Alex Spanko, Skilled Nursing News - Sabra Health Care REIT (Nasdaq: SBRA) on Thursday announced a $385 million deal to sell all 38 buildings in its portfolio operated by troubled skilled nursing provider Senior Care Centers.  The deal — which the Irvine, Calif. based real…

HHC Finance Wrapping Up 2018 With Two Northeast Transactions

December 5, 2018, Steve Monroe, SeniorCare Investor - Seniors housing and care M&A may be slowing towards the end of 2018, but the lenders are still closing plenty of transactions.  One of them, Housing & Healthcare Finance (HHC Finance), closed two HUD loans…

Senior Care Centers Files For Bankruptcy

December 5, 2018, Lois Bowers, McKnight's Senior Living - Dallas-based Senior Care Centers LLC has filed for bankruptcy, the company announced Tuesday, citing cuts in reimbursement and payments from private insurers, “burdensome”…

Senior Care Centers Announces Plan To Strengthen Company

December 4, 2018, PRNewswire - Senior Care Centers, LLC, a leading skilled nursing and senior living provider with locations in Texas and Louisiana, today announced the implementation of a plan to strengthen the Company's financial footing while allowing it without interruption to continue…

Medicare Advantage May Be Exerting Wrong Influence On SNFs

December 4, 2018, Marty Stempniak, McKnight's Long-Term Care News - A new study out of Brown University by researcher Emily Gadbois, Ph.D., and coauthors takes a closer look at how private Medicare plans are attempting to influence which skilled nursing facilities patients use, and for how…

Which Nursing Homes Earned Payments & Penalties From CMS

December 4, 2018, Marty Stempniak, McKnight's Long-Term Care News - A new Kaiser Health News analysis reveals individual performances after

ManorCare, ProMedica Offer Look Inside New Skilled Nursing Giant

December 4, 2018, Alex Spanko, Skilled Nursing News - The leaders of the $4.4 billion mega-merger between ProMedica and HCR ManorCare on Tuesday peeled back the curtain on their far reaching…

OIG Touts Nearly $3B In Medicare, Medicaid Fraud Recoveries

December 3, 2018, Alex Spanko, Skilled Nursing News - The Department of Health and Human Services’ top fraud watchdog recovered nearly $3 billion from providers in fiscal 2018, a figure that included more than $18 million in improper payments…

No Room For Error As Providers Update Contracts Under PDPM

December 3, 2018, Maggie Flynn, Skilled Nursing News - When sitting down at the negotiating table, rehabilitation companies can often have an edge over the skilled nursing facilities where they provide services.  This is especially true as providers take stock of their costs and care models…

CMS Strengthens Nursing Home Oversight

November 30, 2018, CMS News - Today, the Centers for Medicare & Medicaid Services (CMS) announced actions that will bolster nursing home oversight and improve transparency in order to ensure that facilities are staffed adequately to provide high-quality care.  These actions include sharing…