News

The Clare Turnaround Complete

January 7, 2020, Steve Monroe, SeniorCare Investor - No one said it was going to be easy back in 2012 when an investor group took control of a large CCRC known as The Clare in downtown Chicago.  Occupancy was just 34% when the community was sold out of bankruptcy, with its reputation tarnished…

Belveron Partners Makes A Big Push In Affordable Housing

January 2, 2020, Donna Kimura, Affordable Housing Finance - Belveron Partners, a San Francisco-based investment firm, has boosted its affordable housing interests with several prominent deals in the Northeast.  The firm, along with LIHC Investment Group and Camber Property Group, announced…

S&P Lowers ProMedica Outlook, But Sees ManorCare Improvement Ahead

January 2, 2020, Alex Spanko, Skilled Nursing News - Standard and Poor’s lowered its outlook for non-profit health system ProMedica, but analysts see sunnier days ahead for its HCR ManorCare skilled nursing assets.  S&P Global Ratings on Christmas Eve affirmed its BBB long-term rating for…

NY Slashes Medicaid Payments To Nursing Homes, Other Providers By $124M — With $500M Annual Cuts Coming

January 2, 2020, Maggie Flynn, Skilled Nursing News - New York made a 1% cut to Medicaid payments starting on January 1, with reimbursements to nursing homes included in the cost-cutting moves — which could soon translate to nearly $500 million in annual spending reductions.  The New York…

‘All The Stars Aligned’: Operators Boast 30% Readmission Reductions, Market Gains With I-SNPs

January 2, 2020, Maggie Flynn, Skilled Nursing News - As skilled nursing facilities work to establish their position in an increasingly value-based health landscape, many are looking at the world of Medicare Advantage as more than a pressure point for billing.  They see it as an opportunity…

Executive Outlook: Skilled Nursing Providers Must ‘Adapt Or Die’ In 2020

January 1, 2020, Alex Spanko, Skilled Nursing News - In the lead-up to the new year, Skilled Nursing News took a look back at the top stories of 2019, and