News

Biden Pitches $400B Plan To Expand Medicaid Coverage Of Home-Based Care Options

March 31, 2021, Alex Spanko, Skilled Nursing News - President Biden on Wednesday proposed a $400 billion plan designed to significantly bolster Medicaid coverage of long-term care outside of institutional settings, marking the first concrete step toward achieving a central campaign promise…

Nursing Homes Proceed Cautiously On Group Therapy — But Vaccinations Allow Small Steps Forward

March 31, 2021, Maggie Flynn, Skilled Nursing News - When the Medicare payment system for skilled nursing facilities was overhauled in 2019, one of the most anticipated provisions was the option to provide therapy to residents in group or concurrent settings — allowing for more socialization…

Sabra Acquires Two Seniors Housing Communities

March 24, 2021, Ben Swett, The SeniorCare Investor - In the March issue of The SeniorCare Investor, we wondered when REITs would become net-buyers in the senior care M&A market, after several years of massive divestments.  There are clearly some good deals available out there for…

60 Seconds With Steve Monroe: Skilled Nursing Needs A Break

March 24, 2021, Ben Swett, The SeniorCare Investor - With pressure from the media, the public and government agencies, the skilled nursing industry will be losing some of its best people.  Not the time for that to happen.  A good friend of mine sent me an article about a New…

Nursing Home Staff Willingness To Take Vaccine Jumps 94% Since December

March 23, 2021, Alex Spanko, Skilled Nursing News - Vaccine hesitancy among nursing home and senior living workers has substantially declined since the first shots received emergency approval last December, according to a new industry survey.  About 62% of post-acute and senior living workers…

Highly Regarded Turnaround Specialist, Harry Wilson, Appointed CEO Of Genesis HealthCare

March 23, 2021, Global Newswire - Genesis Healthcare, Inc. (Genesis, or the Company) (NYSE: GEN),…

SavaSeniorCare Takes Regional Approach To Nursing Home Clinical Challenges With New Chief Medical Director

March 22, 2021, Maggie Flynn, Skilled Nursing News - In the investment and finance side of skilled nursing, “regional” is commonly cited as a strength for an operator; the idea is that a strong presence in a concentrated geography allows for better relationships with hospitals and referral…

PruittHealth Rolls Out Joint Commission Accreditation At All 91 Southeast Nursing Facilities

March 21, 2021, Maggie Flynn, Skilled Nursing News - PruittHealth last week announced that all 91 of its skilled nursing facilities in the Southeast region will be required to undergo Joint Commission Nursing Care Center Accreditation, with the facilities in Georgia slated to go first.  The…

As Genesis Restructures And Leaves NYSE, The Regionalization Of Nursing Homes Hits New Milestone

March 21, 2021, Alex Spanko, Skilled Nursing News - Over the last several years, regionalization has dominated the mergers-and-acquisitions narrative in nursing homes, with operators and investors increasingly questioning the utility of massive scale in a landscape that depends so heavily…

Betting On Urban Multifamily Real Estate

March 19, 2021, Jason Weissman, Multi-Housing News -  A multitude of investors and investment groups have been routinely upping their ante to acquire hard real estate assets year-over-year.  This diverse group includes a tapestry of family offices, hedge funds, institutional investors, high…