Long-term care provider Kindred Healthcare, Inc. (NYSE:KND) announced on Monday that it had signed a definitive agreement to acquire home healthcare provider IntegraCare Holdings, Inc., a portfolio company of private equity firm Flexpoint Ford LLC, for a purchase price of $71 million in cash plus up to $4 million more based on 2013 earnings. The […]
Category: Skilled Nursing
The nursing home industry is in the midst of a culture change toward person-centered care, and it’s also figuring out how to benefit from healthcare reform initiatives seeking to cost-effecitvely improve care quality and reduce hospital readmissions. Skilled nursing providers are figuring out ways to stay current and keep up with trends as they seek to […]
As assisted living regulations evolve, Medicare and Medicaid reimbursements fluctuate, and healthcare reform begins to take effect, many states are facing their own challenges as they continue to develop, operate, and implement new rules and programs. Here is a collection of long-term care related news bites from across the nation. From Leading Age—White Paper: North […]
The nursing home industry is in the midst of a culture change toward person-centered care, and it’s also figuring out how to benefit from healthcare reform initiatives seeking to cost-effectively improve care quality and reduce hospital readmissions. Here’s what Genesis HealthCare is doing to diversify its skilled nursing offering to accommodate both short-term and long-term needs. […]
The skilled nursing industry is being swept by culture change, but despite relative uncertainty tied to fluctuating Medicare reimbursements and constrained Medicaid budgets, nursing homes aren’t becoming obsolete by any means; rather, care models are changing to reflect what consumers expect—and what healthcare reform demands. The traditional model of long-term care nursing homes is getting […]
Vancouver, Wash.-based Prestige Care, Inc. announced on Monday its plans to expand its footprint by acquiring the ownership and management of nine skilled nursing and rehabilitation centers located in Washington, Oregon, and Idaho. The senior care communities were formerly operated by Eagle Healthcare and will transition to Prestige ownership and operational management on Oct. 1, […]
On August 1, Trilogy Health Systems sold an Indiana senior care facility to a joint venture between YAM Management and a private REIT for $12.85 million, in a transaction represented by Ryan Saul of Senior Living Investment Brokerage Inc. The purchaser acquired the skilled nursing facility to diversify into Indiana and capitalize on the high […]
Headed into the second half of 2012, Sabra Health Care REIT Inc. (NYSE:SBRA) is planning to turn its attentions to the senior housing market, said its chairman and CEO Rick Matros during REITWeek 2012: NAREIT’s Investor Forum. Sabra’s portfolio is currently dominated by skilled nursing assets, but it may start looking more diversified in the next few months. The […]
The nursing home sector is facing a cumulative $65 billion in cuts to Medicare payments in the next ten years, according to a data analysis by Avalere Health LLC that tallies the cumulative Medicare funding reductions resulting from several different budgetary actions and regulatory changes made by Congress and the Centers for Medicare & Medicaid […]
Real estate investment trust LTC Properties, Inc. (NYSE:LTC) announced on Wednesday the acquisition of two skilled nursing facilities located in Ohio for $54 million. The first property, located in Cincinnati, Ohio, was built in 2009. The second property, located in Dayton, Ohio, was built in 2010. The two facilities have a total of 288 licensed […]
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