News

Promising Census Signs From National Health Investors Update

April 19, 2021, Ben Swett, The SeniorCare Investor - We are still waiting for that first sign that the seniors housing and care recovery has truly begun.  There were some encouraging signs from Welltower’s SHOP portfolio when its census started to rise in the later weeks…

Nursing Home COVID Cases jump 635% Despite Vaccinations, And State’s Elective Surgeries Slow Down

April 12, 2021, Danielle Brown, McKnight's Long-Term Care News - Michigan providers are on high alert following a huge, unexpected surge of COVID-19 cases and deaths at facilities despite a vaccination program in full force.  The state’s positive COVID cases among nursing home residents increased…

Danger Ahead?: SNFs Face Potentially Steep Cuts As CMS Considers Changes To PDPM, VBP Program

April 12, 2021, Danielle Brown, McKnight's Long-Term Care News - A recalibration to the Patient Driven Payment Model (PDPM) could have troubling payment implications for skilled nursing providers who are still trying to manage a difficult operating environment caused by the…

Five Star Exits Skilled Nursing Sector In Portfolio Restructuring

April 11, 2021, Ben Swett, The SeniorCare Investor - Five Star Senior Living is making a complete exit from the skilled nursing sector and restructuring its portfolio to focus more on larger, lower acuity seniors housing properties.  It looks like an acknowledgment of the…

CMS To Adjust PDPM ‘As Quickly As Possible’ Amid Evidence Of $1.7B Nursing Home Payment Increase

April 9, 2021, Alex Spanko, Skilled Nursing News - The federal government is mulling several options to recalibrate the Medicare payment structure for skilled nursing facilities as it seeks to achieve its intended goal of budget neutrality — with the aim of shutting…

Innovative Senior Living Adds To Arizona Portfolio

April 8, 2021, Ben Swett, The SeniorCare Investor - It took about five years, but an assisted living community in Tucson, Arizona finally found a new owner.  Opened in 2015 with 70 private units, the community consists of seven separate 10-unit buildings.  The developer decided to sell the…

CMS Proposes $444M Medicare Boost For Nursing Homes, Calls Out ‘Unintended’ $1.7B PDPM Gain

April 8, 2021, Alex Spanko, Skilled Nursing News - The federal government on Thursday announced a proposed 1.3% boost to nursing home Medicare reimbursements for fiscal 2022, while also raising the specter of a potential adjustment to the new Patient-Driven Payment Model.  That increase from…

HHC Finance Closes Three More HUD Refinances

April 7, 2021, Ben Swett, The SeniorCare Investor - Housing & Healthcare Finance (HHC Finance) is continuing to take advantage of historically low interest rates by arranging HUD refinances for its clients.  The company’s most…

Eduro Enters Texas With Four-Building Nursing Home Pickup; CommuniCare Expands In Ohio

April 4, 2021, Alex Spanko, Skilled Nursing News - The Utah-based skilled nursing operator Eduro Healthcare last week announced its expansion into Texas with a four-building pickup.  Eduro signed a long-term lease to manage the quartet of buildings in Beeville, Cleburn, Hurst, and Lockhart,…

Infection Control Immediate Jeopardy Citations Tripled In 2020 — And Nursing Homes Should Expect Even More

April 4, 2021, Maggie Flynn, Skilled Nursing News - In the days before the full onset of the COVID-19 pandemic in the U.S. in 2020, the federal government announced that it was reorienting all nursing home inspections to focus on infection control.  The announcement on March 4 directed