News

Genesis HealthCare’s Shares Double In Value

May 29, 2020, Ben Swett, SeniorCare Investor - Leading up to Genesis HealthCare’s first quarter earnings release and conference call, the company’s share price took off.  The rise started on May 22 when it jumped by 22% on high volume, but then…

Nursing Homes Can’t Meet Federal COVID-19 Testing Goals That Never Really Existed

May 27, 2020, Alex Spanko, Skilled Nursing News - Over the holiday weekend, the Associated Press published an article on the frustratingly slow progress of universal COVID-19 testing in nursing homes.  The news agency rightfully…

RiverSpring Health CEO: COVID-19 Pandemic Will Affect Nursing Homes For ‘At Least Two Years’

May 27, 2020, Alex Spanko, Skilled Nursing News - While the COVID-19 crisis in nursing homes may feel like a lifetime for staffers and family members, the CEO of a major non-profit provider in New York City warned that the challenges are only beginning.  Daniel Reingold, chief executive of…

NMHC Rent Payment Tracker Finds 90.8 Percent Of Apartment Households Paid Rent As Of May 20

May 22, 2020, NMHC - The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90.8 percent of apartment households made a full or partial rent payment by May 20 in its survey of 11.4 million units of professionally managed…

ASHA Continues To Press HHS On "Provider Fund"

May 22, 2020, David Schless, ASHA - Today HHS announced a nearly $4.9 billion distribution to nursing facilities impacted by COVID-19.  This funding, which supplements previously announced provider relief funds, will be used to support nursing homes suffering from significant expenses or…

Capital Senior Living Reports, Again

May 21, 2020, Steve Monroe, SeniorCare Investor - After Capital Senior Living filed an 8-K recently talking about “going concern” issues, we have to admit we were a little nervous about the delayed first quarter…

Enterprise Community Partners Launches Nonprofit Rental Assistance Program

May 19, 2020, Michael Mora, GlobeSt.com - As nonprofits organizations are facing a nationwide cash crunch, a new program intends to provide relief funding, so families living in low-income communities can remain in their homes and access support amidst the coronavirus pandemic.  Enterprise…

Diakonos Group Forges Ahead With New Skilled Nursing Construction Amid COVID-19

May 18, 2020, Maggie Flynn, Skilled Nursing News - Securing state permission to build a skilled nursing facility in Oklahoma involves a lengthy certificate-of-need (CON) process — one that has to start months in advance.  And because of that length of time, one operator finds itself launching…

CMS Issues Guidance To States On Reopening Nursing Homes: Universal Testing Needed To Lift Visitation Ban

May 18, 2020, Maggie Flynn, Skilled Nursing News - The Centers for Medicare & Medicaid Services (CMS) released guidelines on reopening nursing homes on Monday, with parameters around testing requirements and visitation — while emphasizing that nursing facilities will be among the last institutions…

Congress Boosted Medicaid Match To Help Fight COVID-19 — But Many States Left Nursing Homes Out

May 17, 2020, Maggie Flynn, Skilled Nursing News - One of the first legislative packages designed to help the U.S. navigate the fallout of the COVID-19 pandemic included an increase in the federal matching funds for state Medicaid programs during the emergency period related…