Almost one year ago exactly, Brian Beckwith ended his tenure as CEO of Formation Capital and began to consider his next moves. Sheryl Marcet was also considering her future. At the time, Marcet was a managing director at Formation, and she had first worked with Beckwith when they were both at GE Capital. Beckwith and […]
Category: Skilled Nursing
The average cost of professional liability claims in the assisted living setting ($267,174) continues to exceed that of skilled nursing facilities ($245,559). And while fall-related allegation claims continue to account for the majority of cases against assisted living operators, the severity of pressure injury claims has risen sharply since 2018 within assisted living, according to […]
By Amy Stulick The Biden administration on Monday unveiled a sweeping set of proposed nursing home reforms, taking particular aim at private equity ownership. While private-pay senior living providers have expressed some concern about the potential for greater federal regulation in the aftermath of the Covid-19 pandemic, the White House has focused its attention first […]
Formation Capital has a new CEO and is embarking on an investment strategy focused on creating new models of senior living and services. Atlanta-based Formation has been a prolific investor in the senior housing and care sector since its founding in 1999. As of last year, when long-time CEO Brian Beckwith departed, the firm was […]
With a history that traces back to 1922, CC Young is one of the most venerable senior housing and care providers in Dallas. But with skilled nursing buildings dating to 1969 and 1974, the continuing care retirement community (CCRC) badly needed some upgrades at the dawn of the 21st century. “We had to make a […]
The state of California has sued Brookdale Senior Living (NYSE: BDK), alleging the company submitted false nursing home staffing data to the federal government and improperly handled resident discharges. California Attorney General Xavier Becerra — President Joe Biden’s nominee to lead the Dept. of Health and Human Services (HHS) — brought the suit as part […]
Welltower (NYSE:WELL) announced Tuesday it has substantially exited its operating relationship with nursing home giant Genesis HealthCare (NYSE: GEN), with joint-venture health system partner ProMedica picking up some of the operator’s buildings. In a separate transaction, Toledo, Ohio-based Welltower is divesting 25 properties that it acquired through its 2018 JV with ProMedica. The series of […]
Genesis HealthCare’s (NYSE: GEN) future as a going concern is in “substantial doubt” as a result of financial and operational strains stemming from the coronavirus pandemic — pressures that were brought into stark relief in its second quarter of 2020 earnings. The company’s portfolio of 361 facilities is dominated by skilled nursing but includes 23 […]
The most magical place on Earth. That’s the well-known nickname for Disneyworld — and not a slogan that would seem to apply to a skilled nursing and post-acute care center. But AdventHealth’s Care Center Celebration manages to infuse some of the Disney magic in the unlikeliest of places, thanks to meticulous architecture and design. The […]
A skilled nursing facility resident who was diagnosed with the coronavirus known as COVID-19 has died, while there are indications that dozens of other residents and staff members of the SNF are showing symptoms of the illness, the Associated Press reported Sunday night. These are the first known case of the disease in a U.S. […]
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