News

CareTrust REIT Continues Growth Strategy With Covenant Care

February 15, 2019, Steve Monroe, Senior Care Investor - While many REITs have been net sellers in the last couple of years, especially in the skilled nursing market, CareTrust REIT has been quite the opposite, growing its portfolio to nearly 200 healthcare properties by the…

Former Mainstreet Executive Takes Over Four Rapid Recovery Centers In Texas

February 14, 2019, Alex Spanko, Skilled Nursing News - The operations of four rehab-focused skilled nursing facilities developed by Mainstreet have been sold to a former company executive and his newly formed operating firm, Skilled Nursing News

HUD Lending Backlog In Skilled Nursing Could Last Four Months

February 13, 2019, Alex Spanko, Skilled Nursing News - Even though the federal government shutdown lasted 35 days, the effect on the skilled nursing financing landscape could last well into the spring and summer as officials work through the sizable backlog.  The Department of Housing and…

Skilled Nursing Telehealth Provider Third Eye Closes $7M Funding Round

February 10, 2019, Alex Spanko, Skilled Nursing News - A skilled nursing-focused telehealth provider with a presence in more than 200 facilities this week announced a $7.25 million funding influx.  The Chicago-based Third Eye Health recently closed its Series A funding round, led by Generator…

Landlords Voluntarily Took Back Seat In Welcov Bankruptcy

February 10, 2019, Maggie Flynn, Skilled Nursing News - To facilitate the transfer of Welcov Healthcare’s 22 skilled nursing facilities to new operators, the provider’s landlords agreed to take a back seat to vendors in the repayment line, with the goal of resolving an unusual bankruptcy…

CareTrust REIT Adds To Its Illinois Portfolio

February 8, 2019, Steve Monroe, Senior Care Investor - Seeking to expand a partnership that is clearly working, CareTrust REIT tacked on an extra senior care campus to its existing seven-property master lease with WLC Firm, LLC.  Located in the southern Illinois…

Ensign Group Takes Victory Lap After Record Earnings

February 7, 2019, Alex Spanko, Skilled Nursing News - Executives at skilled nursing operator The Ensign Group (Nasdaq: ENSG) on Thursday touted record earnings numbers and continued to insist that the post-acute and long-term care space isn’t as difficult as the headlines and headwinds may…

New York Investor Picks Up Pair In Baltimore

February 7, 2019, Alex Spanko, Skilled Nursing News - A New York-based owner, operator, and investor picked up a pair of nursing homes in Maryland with the help of Healthcare Transactions Group.  The Brinton Woods Post Acute Center and the Brinton Woods Health & Rehab Center at Arlington…

Average SNF And Seniors Housing Prices Hit Four-Year Low

February 6, 2019, Steve Monroe, Senior Care Investor - The headwinds facing skilled nursing and assisted living have finally had their impact on acquisition values.  We are obviously not in good times right now, but it is also not as bad as it sometimes appears.  The mood…

Genesis Teams With Next To Buy 15 SNFs From Welltower

February 5, 2019, Alex Spanko, Skilled Nursing News - Genesis HealthCare Inc. (NYSE: GEN) on Monday announced the purchase of 15 skilled nursing facilities the operator had previously leased from Welltower Inc. (NYSE: WELL), as well as the provider’s planned departure from seven additional…