News
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…