Sabra Health Care REIT, Inc. (Nasdaq:SBRA) recently acquired four skilled nursing facilities in two separate transactions for a total of $27.5 million. The first three properties were acquired on June 1 in a sale-leaseback transaction with affiliates of Aurora Health Management, LLC for $21.8 million. Two of the facilities are located in Connecticut, and the […]
Category: Skilled Nursing
Home healthcare is the most cost-effective post-acute care setting for patients discharged from hospitals when comparing average payments across settings such as skilled nursing facilities, inpatient residential facilities, and long-term care hospitals, according to a Dobson | DaVanzo & Associates study commissioned by the Alliance for Home Health Quality and Innovation. The Washington, D.C.-based health care […]
Congressional Republicans want to reduce the Medicaid provider tax threshold as a way to pay for keeping student loan interest rates down, but doing so will undermine senior care, a trade group said in a letter to House and Senate GOP leaders. Cutting the provider tax threshold from 6% to 5.5% would cause a “ripple […]
The Ensign Group, Inc. (NASDAQ:ENSG) announced on Tuesday it had acquired a 150-bed skilled nursing facility located in Paris, Tex. for an undisclosed price. A subsidiary of Keystone Care, Inc. will operate Paris Nursing & Rehabilitation Center, which was 59% occupied at time of acquisition. The prior owners opened operations on the relatively new facility […]
A multi-billion dollar federal initiative to move low-income elderly and disabled people from long-term care facilities into the community has fallen far short of its goals, as many states have struggled to cobble together housing and other services. Launched in 2007 during the Bush administration, the states initially projected placing 35,380 Medicaid recipients in the […]
Three times, Covington Investments, LLC proposed to buy out Advocat, Inc. (NASDAQ:AVCA), and three times the skilled nursing operator said ‘no.’ But now some angry Advocat shareholders are suing the company for rejecting Covington’s takeover bids. In letters sent on Feb. 27, March 22, and April 12, 2012, Covington made proposals to acquire Advocat, eventually […]
Seniors have multiple housing and care options available to them in various stages of existence, whether they’re emerging, developing, or have been around for some time. Considering this, it’s not surprising to learn that as assisted living has grown and evolved in the past two decades, it has had a “modest but significant impact” on […]
Healthcare real estate investment trust Health Care REIT (NYSE:HCN) recently released its first quarter earnings report and held an earnings call discussing the quarter; highlights include a focus on its partnership with Genesis HealthCare; increasing value through private pay portfolios; and growing a post-acute platform. Back in February 2011, Health Care REIT acquired most of […]
While publicly traded healthcare real estate investment trusts (REITs) like HCP, Inc., Ventas, Inc., and Health Care REIT Inc. grab a lot of headlines, privately traded ones like Aviv REIT often seem to fly under the radar. But as Senior Housing News recently discovered after speaking with Aviv’s Steven Insoft, who holds dual roles of […]
A recent NBC News investigation looked into the costly world of “permanent” hospital patients: when hospitals are forced to keep patients for months—even years—because the patients have nowhere else to go. All of this happens at enormous costs to hospitals, costs that usually can’t be recouped because the patients have no way of paying for […]
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