News

Two Southeast Sales From Blueprint Healthcare Real Estate Advisors

March 30, 2020, Ben Swett, SeniorCare Investor - The team at Blueprint Healthcare Real Estate Advisors announced a couple of deals that closed earlier this year.  The M&A market was a little different back then, close to a peak in terms of pricing and definitely at a peak…

CMS Waives Rules For Long-Term Care Transfers To Create COVID-Specific Nursing Homes, Expands Testing Coverage

March 30, 2020, Alex Spanko, Skilled Nursing News - The federal government this week released a slew of new waivers aimed at stopping the spread of the novel coronavirus, with specific guidance allowing nursing home operators to create dedicated facilities for COVID-19 residents.

As…

Some Managed Care Plans Lift Restrictions On Skilled Nursing Coverage Amid COVID-19 — But Not All

March 30, 2020, Maggie Flynn, Skilled Nursing News - Multiple managed care plans have made changes to their procedures for admissions to the skilled nursing setting amid the ongoing coronavirus pandemic, with several major companies suspending prior authorization requirements for admissions…

CMS To Offer Advance Medicare Payments To Providers As COVID-19 Relief

March 28, 2020, Alex Spanko, Skilled Nursing News - The federal government on Saturday announced an emergency action plan to offer advance Medicare fee-for-service…

COVID-19 Briefs: Relief Bill With $200M For CMS Survey Work Becomes Law, MIT Identifies High-Risk Nursing Homes

March 27, 2020, Alex Spanko, Skilled Nursing News - The House of Representatives on Friday passed a $2 trillion coronavirus stimulus package that contains $200 million for the federal government’s infection-focused inspections of nursing homes — while otherwise…

How Extended Care Clinical Worked To Halt A Nursing Home COVID-19 Outbreak

March 27, 2020, Alex Spanko, Skilled Nursing News - Less than 10 days ago, the Chateau Nursing & Rehabilitation facility in the suburbs of Chicago was in an incredibly difficult position: One day after 22 residents were initially confirmed to have contracted the novel coronavirus, the number…

HUD's Doors Are Still Open

March 23, 2020, Ben Swett, SeniorCare Investor - One thing to come out of the coronavirus crisis (among many things) has been record-low interest rates, with the 10-year Treasury yield falling as low as 0.318% on March 9 and the federal funds rate being cut to 0-0.25%.

CMS To Enforce Tougher Survey Guidelines

March 23, 2020, Alex Spanko, Skilled Nursing News - The federal government on Monday announced plans to release an updated survey tool for nursing home inspectors, with an even stricter focus on infection-control policies — derived directly from lessons learned at a facility in Washington…

Irrational Valuations For REIT Shares

March 20, 2020, Steve Monroe, SeniorCare Investor - What a week it has been.  At the market’s close on Wednesday, Ventas was yielding 18.7%, Omega Healthcare Investors 18.0% and Sabra Health Care REIT 30.4%.  This assumes they all maintain…

Bankers Reluctant To Loan Money In Coronavirus, Low-Interest Rate Environment

March 20, 2020, Mariah Brown, GlobeSt.com - Despite the Federal Reserve slashing interest rates to near zero, similar to actions taken during the 2008 Financial Crisis, bankers have pressed…