News

HHS Delays Provider Relief Fund Reporting Requirements

January 15, 2021, Alex Spanko, Skilled Nursing News - The federal government on Friday issued a formal delay of its reporting requirements for health care providers that received COVID-19 financial relief.  The Department of Health and Human Services (HHS) had originally set January 15 as…

States Across Country Log Record COVID-19 Cases In LTC, With Deadliest Months Potentially Yet To Come

January 14, 2021, Maggie Flynn, Skilled Nursing News - Several states reported the highest average weekly number of new COVID-19 cases in long-term care facilities in November or December, Kaiser Family Foundation reported, and several reported the highest average weekly number of new COVID-19…

Expect Slight Rent Loss for Multifamily This Year

January 13, 2021, Les Shaver, GlobeSt.com - In 2020, urban areas suffered as people left for more space in the suburbs, exurbs or smaller cities.  With this migration out of cities, high-quality downtown apartments and those located in larger tier-one markets have suffered higher…

Assisted Living Is Not A Nursing Home

January 13, 2021, Steve Monroe, The SeniorCare Investor - The media continues to throw all seniors housing into the nursing home basket.  It has to and needs to stop now, especially in this time of COVID.  Here I go again, or better yet, here goes the uninformed New…

Slow Vaccine Rollout Prompts Skilled Nursing REIT Downgrades, But Stimulus Optimism Remains

January 13, 2021, Maggie Flynn, Skilled Nursing News - Two investment firms provided opposite takes on the stocks of publicly traded real estate investment trusts (REITs) with skilled nursing portfolios, with Mizuho Securities USA downgrading two of the REITs and Jefferies upgrading the same…

Addition By Subtraction: Nursing Home Operators Mull Decertifying Beds To Stay Afloat

January 13, 2021, Alex Spanko, Skilled Nursing News - As nursing homes currently constructed, bed counts form the bedrock of nursing home finances.  More beds mean more chances for reimbursement, more ways to fill a need for a hospital partner as well as more opportunities to offset fixed…

HUD Publishes FHA-HFA Multifamily Risk-Sharing Final Rule

January 13, 2021, Federal Agency News - HUD published its final rule amending existing regulations for the Section 542(c) Housing Finance Agencies (HFA) Risk-Sharing…

HealthPeak Sells 10 Aegis Living Communities

January 12, 2021, Ben Swett, The SeniorCare Investor - HealthPeak Properties continues its exit from the seniors housing business, both its sale/leaseback portfolio as well as its RIDEA assets.  In a large transaction, HealthPeak has sold 10 assisted living and memory care…

HHC Finance Closes Three HUD Deals & Large Acquisition Financing In December

January 6, 2021, Ben Swett, The SeniorCare Investor - Housing & Healthcare Finance (HHC Finance) arranged a trio of HUD loans this month, including a $14.5 million loan for a 120-bed skilled nursing facility in New York, a $14 million loan for a 170-bed SNF in…

Genesis CEO Hager Retires, Chairman Fish Takes Helm Of Nursing Home Giant

January 5, 2021, Alex Spanko, Skilled Nursing News - George Hager has retired as the CEO of Genesis HealthCare (NYSE: GEN), the nursing home chain announced Tuesday morning.  Robert Fish, chairman of the board, will succeed Hager effective immediately.  Hager will continue as a senior advisor…