News

HHC Finance Secures Several HUD Refinances

September 30, 2020, Ben Swett, The SeniorCare Investor - Housing & Healthcare Finance (HHC Finance) is wrapping up HUD’s fiscal year with several transactions closed through the agency.  First, the firm arranged a $19 million loan for a 200-bed skilled nursing…

Genesis’s Hager: With Routine Testing Likely Necessary Through End Of ’21, Costs Not Sustainable

September 30, 2020, Alex Spanko, Skilled Nursing News - The federal government has launched several programs intended to speed up COVID-19 testing in nursing homes, but as the sector stares down a flu season with no signs of coronavirus slowdowns, a pair of top leaders on Wednesday emphasized…

Rent Payment Struggles Continue

September 29, 2020, Holly Dutton, Multi-Housing News - Several recent reports reveal how residential rent collections in the U.S. are ticking downward.  More than six months into the coronavirus pandemic, multifamily trade groups and advocates are worried about the cascading…

Feds To Send 18 Million Abbott COVID-19 Tests To Nursing Homes As Part Of Expanded Testing Strategy

September 28, 2020, Alex Spanko, Skilled Nursing News - The White House on Monday announced a plan to send 18 million more rapid COVID-19 tests from manufacturer Abbott to nursing homes over the coming weeks, as part of a larger move to ship 150 million of the units across the country in…

Sabra Mulls $14M Write-Off for Signature, Genesis After ‘Going Concern’ Warnings

September 28, 2020, Maggie Flynn, Skilled Nursing News - Concerns about the future of skilled nursing operators Genesis HealthCare (NYSE: GEN) and Signature HealthCARE have spread to a second public landlord, though in this case, Sabra Health Care REIT (Nasdaq: SBRA) stopped short of taking…

CMS: Federal Nursing Home Visitation Guidelines Generally Trump State Rules, But Integration Ongoing

September 22, 2020, Alex Spanko, Skilled Nursing News - The federal government’s sweeping new rules requiring nursing home visitations in most cases generally usurp state-developed requirements, a top official confirmed this week, but Washington is continuing to work with state governments…

Almost A Year After PDPM’s Implementation, Providers Still Miss Key Payment Drivers

September 22, 2020, Maggie Flynn, Skilled Nursing News - In the months leading up to the implementation of the Patient-Driven Payment Model, the overhaul of Medicare reimbursement for skilled nursing facilities that was implemented last year, several factors emerged as crucial areas for thriving…

Many Impacts of COVID, But “Stupidity” Factor May Grow

September 22, 2020, Steve Monroe, The SeniorCare Investor - The views on where we are in this pandemic are bifurcating, just like in the acquisition market, but we are also dealing with the “stupidity” factor.  Just like in the acquisition market, where values and cap rates have…

Multifamily Roundtable: Fewer Deals But Little Distress

September 18, 2020, Therese Fitzgerald, Multi-Housing News - Six months into the global pandemic, MHN convened multifamily executives to discuss how the property type is holding up under various pressures.  Multifamily has traditionally been a safe harbor for commercial real…

The Great Re-Opening

September 18, 2020, Steve Monroe, The SeniorCare Investor - It is fair to say that the economic shutdown, especially as it concerns senior care providers, could have been handled better (you think?).  There was little consistency from state to state, and from one type of senior care provider…