Over the past four years, New Jersey-based Portopiccolo Group has been building a nursing-home portfolio rivaling some of the nation’s largest chains. The firm acquired its first skilled nursing facility...
Former Chicago-area nursing home executive charged with skimming $1M in federal funds
By
Amy Novotney
Aug 06, 2020
The former owner of several Chicago-area nursing homes was indicted last week on charges of skimming $1.1 million in federal funds.
CMS announces 2.2% Medicare raise for SNFs in 2021
By
Danielle Brown
Aug 04, 2020
Nursing home operators will receive an aggregate $750 million Medicare pay increase for fiscal year 2021 under a final rule announced Friday by the Centers for Medicare & Medicaid Services. It would amount...
SNF occupancy rates dropped to nearly 75% in May: NIC
By
Amy Novotney
Aug 03, 2020
Skilled care occupancy rates continued to fall in May, thanks largely to the COVID-19 pandemic. That’s according to monthly data released Thursday from the National Investment Center for Seniors Housing...
Supply of post-acute care facilities continued decline last year: MedPAC report
By
Amy Novotney
Jul 21, 2020
The nation’s supply of inpatient rehabilitation facilities, long-term care hospitals and skilled nursing facilities continued to decline in 2019, contracting by 1.5%, 3.9% and 0.8%, respectively. That’s...
Where COVID-19 has affected occupancy most, least: survey
By
Lois A. Bowers
Jul 13, 2020
Independent living occupancy levels were the least affected by COVID-19 in late June and early July, and skilled nursing occupancy levels were the most affected, according to the results of a new survey....
Nursing home industry on verge of financial collapse, group claims
By
Amy Novotney
Jun 11, 2020
Even before the industry was dealing with the COVID-19 pandemic, the average nursing home was operating on a razor-thin profit margin or net loss. That’s because Medicaid reimbursements only cover 70%...
Debates arise over who should foot the bill for nursing home worker testing
By
Amy Novotney
Jun 10, 2020
Regular COVID-19 testing of nursing home staff, who are the most likely to introduce the virus to a facility and spread it to residents, has been sanctioned by experts as one of the most important ways...
Barron’s: Skilled-nursing-focused REIT CareTrust in good shape amidst pandemic
By
Amy Novotney
Jun 02, 2020
With plenty of balance sheet flexibility, San Clemente, CA-based CareTrust appears ready to weather the pandemic successfully and continue growing in the near term, predict experts at Barron’s and Seeking...
Focus On: Feds consider reopenings, but some are urging caution
By
Danielle Brown
Jun 01, 2020
Concerns are growing about resident loneliness and other coronavirus challenges, but infection risks still loom large.