News

Despite COVID Headwinds, New Plans Still See Clinical And Financial Promise In I-SNPs

November 4, 2020, Maggie Flynn, Skilled Nursing News - In the years just prior to the arrival of a global pandemic that uniquely affects skilled nursing facilities, many providers were interested in expanding their role in the provision of care by moving into the insurance field.  And even…

SavaSeniorCare To Offload 48 Skilled Nursing, Assisted Living Facilities In Post-Pandemic ‘Strategic Plan’

November 3, 2020, Alex Spanko, Skilled Nursing News - SavaSeniorCare on Tuesday announced a plan to transfer the operations of 48 skilled nursing facilities and assisted living properties in eight states by the end of next year, as the Atlanta-based operator looks to pivot to a more regional…

A Novel Idea: Bonus Payments To Skilled Nursing Facilities

November 2, 2020, Ben Swett, The SeniorCare Investor - We were heartened to hear that 10,631 nursing facilities will be receiving a total of $333 million from HHS based on improving COVID-19 metrics.  While it sounds like a lot, it comes to just over $31,000 per facility.  The good news is…

Welltower Takes $97 Million Write-Down On Genesis In Wake Of ‘Going Concern’ Notice

October 29, 2020, Alex Spanko, Skilled Nursing News - Welltower Inc. (NYSE: WELL) took a $97 million write-down associated with properties operated by Genesis HealthCare (NYSE: GEN) amid concerns about the nursing home giant’s future, the real estate…

Report: Nursing Homes Endure Massive PPE Shortages

October 27, 2020, Public Interest Research Group - Seven months into COVID-19 pandemic, 226,000 nursing home residents nationwide at risk.  Thousands of nursing homes nationwide are dealing with horrific shortages…

Top 5 Multifamily Projects Under Construction In Pittsburgh

October 26, 2020, Corina Stef, Multi-Housing News - Some 900 units—accounting for close to half of the development pipeline—are underway in downtown Pittsburgh, according to Yardi Matrix data.  Multifamily development in Pittsburgh is…

Century Rehab’s New CEO On The Pitfalls Of Telehealth In Nursing Homes — And Demand For Therapists Amid COVID

October 25, 2020, Maggie Flynn, Skilled Nursing News - The world of third-party rehabilitation was braced for a change in the skilled nursing setting when the Patient-Driven Payment Model, the Medicare reimbursement overhaul that took effect last year, effectively removed therapy as the driver…

HHS Relaxes Rules For Using Provider Relief Funds To Cover Lost Revenue

October 23, 2020, Alex Spanko, Skilled Nursing News - The federal government this week amended its rules for how providers can use coronavirus relief funding, specifically removing limitations around covering lost revenues not directly related to COVID-19.  The Department of Health and Human…

SNN Survey: Most Providers Will Survive Into 2021, But Capital Providers Remain Worried About Census

October 21, 2020, Alex Spanko, Skilled Nursing News - A recent Skilled Nursing News survey of nursing home operators found cautious optimism about the near-term future of the space, with a majority seeing a clear path to the future…

Labor Costs During The Pandemic

October 21, 2020, Ben Swett, The SeniorCare Investor - Rising labor costs during the pandemic are hurting the bottom line, but there are solutions.  As you may have heard, we will be hosting a webcast next…