News

Trump Orders Formation of Nursing Home Quality, Safety Commission In Wake Of COVID-19 Crisis

April 30, 2020, Alex Spanko, Skilled Nursing News - President Trump on Thursday announced the formation of a special nursing home task force that will convene in May with the goal of better preparing the industry for future outbreaks in the wake of a staggering COVID-19 death…

Behind The Scenes Of PruittHealth’s Partnership To Expand Nursing Home COVID-19 Testing

April 30, 2020, Maggie Flynn, Skilled Nursing News - Major skilled nursing operator PruittHealth last week announced that it was entering a partnership with a coalition of providers to expand COVID-19 testing at its facilities across Florida, Georgia, and North and South…

Community Leader, Richard Lerner, Appointed Board Chairman At Englewood Health

April 29, 2020, Englewood Health News - Englewood Health has appointed Richard Lerner of Alpine, New Jersey, its chairman of both its system and hospital boards.  Lerner, a partner of Housing & Healthcare Finance, LLC (HHC Finance), has been a member of the system board since 2016 and the…

Housing & Healthcare Finance Handles HUD Refinances

April 29, 2020, Ben Swett, SeniorCare Investor - The team at Housing & Healthcare Finance has closed a couple of HUD financings totaling $57 million.  There was a $34.1 million loan for a portfolio of five skilled nursing facilities located throughout…

Post-Acute Facilities Feel Short-Term COVID Pain, But May Have The Easiest Path Back

April 27, 2020, Alex Spanko, Skilled Nursing News - Prior to the start of the COVID-19 pandemic, skilled nursing facilities that specialize in post-acute care were a rare target of true investor excitement…

The Spotlight On Nursing Homes Has Never Been Brighter. Let’s Keep It That Way

April 27, 2020, Alex Spanko, Skilled Nursing News - Over the years, nursing home operators have found themselves in the spotlight for negative reasons — usually in the wake of isolated stories of abuse and neglect, or tales of owners who bilked the government for money at the expense of quality…

ProMedica’s Oostra: Lack Of Investment In Public Health, Senior Care Is ‘Almost A Form Of Abuse’

April 26, 2020, Maggie Flynn, Skilled Nursing News - The COVID-19 pandemic has pushed hospital system capacity to the breaking point in some parts of the country, and wrought particular havoc in the skilled nursing setting.  All eyes have been on the health care system, with a particular…

Apartment Market Conditions Dramatically Weaken Amid Coronavirus

April 23, 2020, Erika Morphy, GlobeSt.com - Apartment market conditions significantly weakened in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2020.  The survey found that indexes tracking Market Tightness (12), Sales Volume (6), Equity…

New York Attorney General to Investigate Nursing Homes Amid COVID-19, With $10K Fines for Violations

April 23, 2020, Alex Spanko, Skilled Nursing News - New York Gov. Andrew Cuomo on Thursday announced a statewide investigation into nursing homes, with the support of the state’s attorney general and health department, amid the ongoing COVID-19 pandemic.  Under the terms of the initiative,…

Multi-State Nursing Home Operators Navigate Conflicting COVID-19 Rules

April 22, 2020, Maggie Flynn, Skilled Nursing News - Skilled nursing operators across the U.S. are grappling with the challenge of caring for patients most vulnerable to COVID-19 while staying on top of a variety of state and federal guidelines.  To do that without getting overwhelmed, it’s…