News

Frontier Management Sells The Frontier Four

March 8, 2019, Steve Monroe, SeniorCare Investor - Frontier Management just sold four of its Pacific Northwest seniors housing communities to a publicly-traded REIT but won’t be exiting entirely.  In addition to continuing as the operator, Frontier also retained a joint venture…

Lamb: CareTrust ‘Can’t Get Enough’ Skilled Nursing Assets

March 3, 2019, Alex Spanko, Skilled Nursing News - Survey after survey finds that investors remain skittish about skilled nursing, but a top executive at CareTrust REIT (Nasdaq: CTRE) says his firm has the opposite problem: There just aren’t enough solid properties available to satiate its…

Facilities Thriving Under Current Model Poised To Take Biggest Hits Under PDPM

February 26, 2019, Maggie Flynn, Skilled Nursing News - As skilled nursing providers prepare for a new Medicare reimbursement system, those providers with solid revenues under the current model may be in for the most severe declines going forward according to an recent analysis by Plante…

Sabra’s Matros Defends REITs, Looks Ahead To ‘Quiet Time’

February 25, 2019, Alex Spanko, Skilled Nursing News - After a rollicking 18 months that saw Sabra Health Care REIT (Nasdaq: SBRA) substantially restructure its portfolio, the company’s CEO is looking forward to some peace and quiet over the course of…

Sabra, Senior Care Centers Reach Settlement Deal Amid Provider’s Bankruptcy

February 24, 2019, Alex Spanko, Skilled Nursing News - Sabra Health Care REIT (Nasdaq: SBRA) agreed to drop its claims against Dallas-based, skilled nursing tenant Senior Care Centers amid the provider’s ongoing bankruptcy process, the REIT announced…

Managed Medicaid Poised To Threaten Skilled Nursing Facility Payments, Census

February 24, 2019, Maggie Flynn, Skilled Nursing News - Skilled nursing facilities are familiar with the headaches of dealing with managed Medicare.  But the rise of managed Medicaid could cause just as many headaches for providers — if not pose outright threats to their financial wellbeing…

CareTrust REIT Continues Growth Strategy With Covenant Care

February 15, 2019, Steve Monroe, SeniorCare Investor - While many REITs have been net sellers in the last couple of years, especially in the skilled nursing market, CareTrust REIT has been quite the opposite, growing its portfolio to nearly 200 healthcare properties by the…

Former Mainstreet Executive Takes Over Four Rapid Recovery Centers In Texas

February 14, 2019, Alex Spanko, Skilled Nursing News - The operations of four rehab-focused skilled nursing facilities developed by Mainstreet have been sold to a former company executive and his newly formed operating firm, Skilled Nursing News

HUD Lending Backlog In Skilled Nursing Could Last Four Months

February 13, 2019, Alex Spanko, Skilled Nursing News - Even though the federal government shutdown lasted 35 days, the effect on the skilled nursing financing landscape could last well into the spring and summer as officials work through the sizable backlog.  The Department of Housing and…

Skilled Nursing Telehealth Provider Third Eye Closes $7M Funding Round

February 10, 2019, Alex Spanko, Skilled Nursing News - A skilled nursing-focused telehealth provider with a presence in more than 200 facilities this week announced a $7.25 million funding influx.  The Chicago-based Third Eye Health recently closed its Series A funding round, led by Generator…