News

Shift To Home May Be Coming For SNFs As Choose Home Bill Introduced In The House

October 10, 2021, Alex Zorn, Skilled Nursing News - The need to consider offering at-home services may be accelerating for nursing home operators as the Choose Home Care Act of 2021 was introduced in the House of Representatives on Friday.  The bill was first introduced in July in the U.S.…

NIC Data Shows Slow Occupancy Recovery

October 7, 2021, Ben Swett, The SeniorCare Investor - According to most recent aggregated NIC data, occupancy in the third quarter rose to 80.1%, after having stagnated in the previous two quarters at 78.7%.  It’s great to see this positive movement, but we are still a long way…

AHCA’s Parkinson: Despite ‘Enticing’ Offers To Sell, Independent Operators Will Stick Around

October 6, 2021, Alex Zorn, Skilled Nursing News - Despite the robust acquisition market currently seen in skilled nursing, Mark Parkinson, CEO and president of the American Health Care Association,…

ProMedica Senior Care President: ‘We All Have To Get Comfortable With Where We Add Value’

October 6, 2021, Jordyn Reiland, Skilled Nursing News - As Medicare Advantage enrollment continues to climb and operators look for a seat at the table, ProMedica Senior Care President Angela Brandt believes now is the time to recognize the role long-term care facilities can play in value-based…

Parkinson: PRF Support May Only Provide 3-6 Months Of Relief For Nursing Home Operators

October 5, 2021, Alex Zorn, Skilled Nursing News - How long the next wave of Provider Relief Funds will last nursing home operators remains to be seen but American Health Care Association president and CEO Mark Parkinson expects it to be nothing more than a short-term fix for the industry. …

58% Of Nursing Homes Are Limiting New Admissions Due To Staffing Shortages

September 22, 2021, Alex Zorn, Skilled Nursing News - Of 1,183 nursing home and assisted living providers surveyed by the American Health Care Association and National…

Nursing Homes Get $500M Of Federal Funding Initiative For Infection Control ‘Strike Teams’

September 19, 2021, Amy Stulick, Skilled Nursing News - The Biden-Harris Administration late Friday announced a $2.1 billion investment geared toward infection prevention and control activities in nursing homes, among other U.S. public health and health care sectors.  In October, $500 million…

Growth Mode: Cascadia Looks To Diversify Its Multi-State Presence With Four More Facilities

September 19, 2021, Amy Stulick, Skilled Nursing News - Idaho-based operator Cascadia Healthcare plans to “grow intentionally” in existing states — the predominantly post-acute skilled nursing operator has 25 facilities across six states, with plans to add four more facilities by the end…

New Proposal For Capital Senior Living

September 15, 2021, Ben Swett, The SeniorCare Investor - As we get closer to the voting date for shareholders to approve of the recapitalization proposal of Capital Senior Living by Conversant Capital, with the full support of Cap Senior’s management and board, at…

National Church Residences Adds To Georgia Portfolio

September 10, 2021, Ben Swett, The SeniorCare Investor - National Church Residences, a not-for-profit organization that serves more than 42,000 seniors through an array of housing and healthcare services, acquired an affordable senior housing apartment building in southeast Georgia. …