News

Parkinson: Given COVID’s Toll, Nursing Homes Will — And Should — Get Significant Oversight Overhaul

February 7, 2021, Maggie Flynn, Skilled Nursing News - With a change in presidential administration comes changes in policy, and skilled nursing facilities should expect a shift in the approach of the federal government to regulation.  As the SNF sector emerges from the devastation of COVID-19,…

Summit To Start Construction On 4 Communities

February 5, 2021, Jeffrey Steele, Multi-Housing News - The first quarter of 2021 will see Summit Contracting Group breaking ground on four new multifamily projects.  They are Sylvan Hills Senior, an independent senior living community in South Atlanta; Berry Hill Apartments, a market-rate…

Lawmakers Try To Wedge Open Door To Nursing Home Visitors With Mandated ‘Caregiving’ Program

February 5, 2021, Kimberly Marselas, McKnight's Long-Term Care News - Vaccination campaigns and reduced COVID-19 transmission may soon bring visitors back to nursing homes, but officials in one state are using legislation to wedge the doors open now.  Indiana lawmakers are considering a bill…

Omega Healthcare Investors Buys 24 Properties

February 5, 2021, Ben Swett, The SeniorCare Investor - The fourth-quarter earnings season is upon us, and Omega Healthcare Investors announced that it just closed a very significant acquisition.  The REIT purchased 24 senior living communities for $510 million, or $199,840…

Vaccine Clinics In Nursing Homes Reduce COVID-19 Transmission By 48% Within Three Weeks, Study Finds

February 4, 2021, Maggie Flynn, Skilled Nursing News - A new study on COVID-19 among nursing home residents and staff found that the cases decreased at a faster rate among both groups after the first vaccine clinic took place in facilities, suggesting that transmission could decline in three…

With Strong Financials And Patient Mix, Ensign Looks To Flex Real Estate Muscle Outside Of Operations

February 4, 2021, Maggie Flynn, Skilled Nursing News - Nursing home operator The Ensign Group (Nasdaq: ENSG), fresh off of a year of solid operational results that prompted another complete return of federal aid, on Thursday indicated a growing push to capitalize on the value of its owned…

Despite Hands-Off Approach From CMS, PDPM Pitfalls Remain For Nursing Home Operators, Investors

February 4, 2021, Alex Spanko, Skilled Nursing News - Against the backdrop of the COVID-19 pandemic, the federal government has left its new Medicare payment system for nursing homes virtually unchanged since the original rollout in October 2019 — but that doesn’t mean operators and investors…

To Fix Nursing Homes, Landlords & Payers Must Change Broken Incentives — for Both Owners & Operators

February 2, 2021, Alex Spanko, Skilled Nursing News - Among the many long-standing issues that COVID-19 exposed in long-term care, the design of the facilities themselves stands as one of the most obvious.  With new development of long-term care facilities almost…

Diversified Healthcare Trust Update

February 2, 2021, Ben Swett, The SeniorCare Investor - Diversified Healthcare Trust is feeling the pain that most of the REITs also have been feeling: census is still dropping. Its senior housing operating portfolio (SHOP) posted a 380-basis point decline in census in the…

Long-Term Care Insurance Moratorium?

February 2, 2021, Steve Monroe, The SeniorCare Investor - In a lack of wisdom, North Dakota legislators are considering a bill to ban long-term care insurance policy sales for three years.  Just as Medicaid funding is getting stretched and the need for long-term care services…