News

Nursing Homes Sue Administration Over New Federal Arbitration Rule

September 5, 2019, Danielle Brown, McKnight's Long-Term Care News - Two Arkansas nursing facilities are asking a federal court to declare a rule that prohibits long-term care facilities from requiring residents to sign a binding arbitration…

Cascade Capital Group Adds To Illinois Portfolio

September 6, 2019, Ben Swett, SeniorCare Investor - Three acquisitions in the last month counts as a spree, right?  Well, then Cascade Capital Group is in the middle of one, having announced its acquisition of two Chicagoland skilled nursing facilities through its affiliate Legacy…

Avenida Partners With Passco On Two New Projects

September 6, 2019, Ben Swett, SeniorCare Investor - Active adult developer Avenida Partners teamed up with Passco Companies, a California-based commercial real estate company, on its two latest projects in Palm Desert, California and Germantown, Tennessee. …

Diversicare Completes Kentucky Exit With 10-Building Transfer

September 5, 2019, Alex Spanko, Skilled Nursing News - Diversicare Healthcare Services (OTCQX: DVCR) this week announced the successful completion of a 10-building transfer that saw the skilled nursing operator exit the Kentucky market entirely.  The handoff was completed on August 30, according…

Two Former Senior Care Centers SNFs Sell For $20.5M

September 5, 2019, Maggie Flynn, Skilled Nursing News - Two skilled nursing facilities in Texas formerly operated by Senior Care Centers, which declared bankruptcy last year, were purchased by a New…

Why One ACO Wants To Send More Patients Directly To Skilled Nursing Facilities

September 5, 2019, Maggie Flynn, Skilled Nursing News - The shrinking pool of Medicare patients has long been a source of worry for skilled nursing providers, who are battling shortfalls in revenue ranging from low state reimbursement to challenges in billing private insurance companies. …

Adding Hospice Services Could Bring PDPM Upsides For Skilled Nursing Facilities

September 2, 2019, Maggie Flynn, Skilled Nursing News - Under the new Patient-Driven Payment Model (PDPM) taking effect October 1, skilled nursing facilities across the country will…

How Not To Grow Old In America

August 29, 2019, Geeta Anand, The New York Times - Assisted living seems like the solution to everyone’s worries about old age.  It’s built on the dream that…

Multifamily Borrowing Surges 10% In Q2

August 22, 2019, Kelsey Ramirez, HousingWire - Mortgage originations in commercial and multifamily surged 10% annually in the second quarter, according to the Mortgage Banker Association’s Quarterly Survey of Commercial/Multifamily…

SNFs Need To Stop Thinking Of Themselves As Targets For Cuts — And Get Creative

August 22, 2019, Maggie Flynn, Skilled Nursing News - In a health care world of payment evolution and alternative reimbursement models, skilled nursing facilities have been feeling the pinch.  There’s pressure…