Strawberry Fields REIT plans $102 million purchase of 18 SNFs, 5 ALs
By
Kathleen Steele Gaivin
Jun 16, 2023
Senior living and care real estate investment trust Strawberry Fields REIT, based in South Bend, IN, plans to expand its portfolio with a $102 million purchase of 18 skilled nursing facilities and five...
Effects of SCOTUS ruling in Talevski case could reach far beyond nursing homes
By
Kimberly Marselas
Jun 09, 2023
Nursing homes under county or state control could see an explosion of lawsuits following a Thursday US Supreme Court ruling maintaining the right of nursing home residents and their survivors to sue in...
Skilled nursing occupancy dips: NIC
By
Kathleen Steele Gaivin
Jun 06, 2023
Occupancy decreased among skilled nursing facilities in March, after increasing for two months in a row, according to the National Investment Center for Seniors Housing & Care’s most recent skilled nursing...
Invesque completes sale of 7 Illinois SNFs in ‘pivotal moment’ in company’s history
By
Kathleen Steele Gaivin
Jun 06, 2023
Invesque on Monday announced the sale of seven skilled nursing facilities in Illinois for $101.3 million. The sale closed on June 1.
New Eskaton report blames SNFs for $28 million net loss in 2022
By
Kathleen Steele Gaivin
Jun 01, 2023
Eskaton ended 2022 with a $28 million net loss, and its skilled nursing properties largely are responsible, according to an independently audited financial report dated May 16.
Nursing home, home health fast-growing health spending categories
By
Kathleen Steele Gaivin
May 26, 2023
Healthcare prices increased in April by 3.4% year over year despite slowing inflation, representing the fastest overall healthcare price growth since December 2007. That’s according to Altarum’s monthly...
SNF valuations high despite headwinds, expert says
By
Kathleen Steele Gaivin
May 25, 2023
Despite “a tumultuous couple of years,” skilled nursing valuations are high, and acceleration is expected, Evans Senior Investments Director Kris Lowes said Wednesday.
Nursing home lawsuits contest $20 million cap on pandemic-related loans
By
Kathleen Steele Gaivin
May 18, 2023
The Small Business Administration overstepped its authority in setting a $20 million cap on Paycheck Protection Program loans, according to lawsuits filed Monday by nursing home company Accordius Health...
SNFs leased from REITs score higher in CMS quality measure ratings
By
Kathleen Steele Gaivin
May 18, 2023
Skilled nursing properties that are leased from real estate investment trusts are likely to have better quality measure ratings for long-stay residents compared with properties that are leased from entities...
State considers moratorium on nursing home construction, expansion
By
Kathleen Steele Gaivin
May 02, 2023
Legislation being considered in Iowa would place a six-month moratorium of the construction and expansion of nursing homes. The bill also would give Medicaid payers more power in recovering funds from...