News

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 

Passco Acquires Atlanta Multifamily Community From Greystar

December 19, 2019, Scott Sowers, Multifamily Executive - California-based Passco recently bought the 423-unit Avana Lenox community from Greystar Real Estate Partners, based in Charleston, S.C., for $106.5 million.  Greystar will stay…

Is Ageism Dead?

December 18, 2019, Steve Monroe, SeniorCare Investor - Young people flock to see septuagenarians perform because they are rock stars.  But aren’t all 70-somethings rock stars in some one’s mind?  Asking if Ageism is dead might seem like a funny question.  We see ageism every…

Titan SenQuest Acquires Ohio Property

December 17, 2019, Ben Swett SeniorCare Investor - Helios Healthcare Advisors has been on a roll in the last month, closing several acquisitions and financings since mid-November.  After about a year in operation, it appears Bill Janis and Mario Wilson have really hit their…

Another Pennsylvania Personal Care Sale From Prestige Group

December 17, 2019, Ben Swett, SeniorCare Investor - Jim Baranello of The Prestige Group closed yet another personal care deal in Pennsylvania, following up on his two-facility sale in the state earlier this month.  In that previous deal, he represented a seller divesting…

Freddie Mac’s Guggenmos Looks Ahead To 2020 For Multifamily

December 16, 2019, Multifamily Executive - Apartment rents are still on the rise.  Rental communities across the country are still fully occupied on average, despite years of new construction.  But just a few months ago, the financial markets flashed warning signs of a possible recession…

Helios Handles Wisconsin SNF Sale

December 13, 2019, Ben Swett, SeniorCare Investor - Helios Healthcare Advisors handled the sale of an 87-bed skilled nursing facility in West Salem, Wisconsin.  Originally built in 1963 with additions in 1968 and 1994, the facility is 100% Medicare-certified and provides…

More SNFs Add In-House Dialysis

December 12, 2019, Ben Swett, SeniorCare Investor -The new PDPM reimbursement system is making its impact known in the skilled nursing market beyond drastically reducing therapy minutes. It is also changing the way SNFs provide care to higher acuity and medically complex patients, now that…