Genesis Healthcare adds 38 former ProMedica SNFs to portfolio
By
Kathleen Steele Gaivin
Feb 01, 2023
Kennett Square, PA-based Genesis Healthcare is adding 34 nursing homes in Pennsylvania and four in Colorado, all formerly operated by Toledo, OH-based ProMedica Senior Care.
SNF operators to continue to see profit margins shrink: report
By
Kathleen Steele Gaivin
Jan 23, 2023
Skilled nursing facilities operators should expect their profit margins to continue to shrink over the next four years, even as other segments of long-term care see modest gains. That’s according to...
Overtime pay proposals could add up to trouble for nursing homes, workers, senator says
By
Kathleen Steele Gaivin
May 19, 2023
Proposals to increase the threshold for overtime pay could have serious repercussions for nursing home operators and staff members, Sen. Mike Braun (R-IN), ranking member of the Senate Special Committee...
57 percent of state’s SNFs report empty beds due to lack of staff
By
Kathleen Steele Gaivin
Mar 02, 2023
Fifty-seven percent of skilled nursing providers in Pennsylvania have empty beds, not because of lack of demand but because they don’t have enough staff members to care for residents and patients. That’s...
SavaSeniorCare, Welltower, CareTrust divest from skilled nursing
By
Kathleen Steele Gaivin
Jan 03, 2023
SavaSeniorCare is set to transition the remaining five skilled nursing facilities in its portfolio to other operators by the end of January, in what seems to be a trend in long-term care that also involves...
Unionization may decrease staffing turnover in nursing homes: study
By
Kathleen Steele Gaivin
Oct 16, 2023
As nursing homes prepare for the Centers for Medicare & Medicaid Services’ proposed staffing mandate for nursing homes — 0.55 hours per resident day for registered nurses and 2.45 hours per resident...
Long-term care deal volume down as 2024 approaches
By
Kathleen Steele Gaivin
Dec 13, 2023
As long-term care operators prepare for 2024, the volume of senior housing and care deals is down, Paul Branin, vice president of business development at management and consulting firm Health Dimensions...
With projected Fed decreases, investor confidence is rising
By
Kathleen Steele Gaivin
Feb 21, 2024
The past few years have been challenging on debt markets in real estate, particularly in the senior living and care market, but a “boost in investor confidence” is occurring now, according to Jason...
New insurance rider aims to be solution for LTSS funding
By
Kathleen Steele Gaivin
Nov 30, 2023
Transamerica Corp. has introduced a flexible long-term care insurance rider, the Cedar Rapids, IA-based holding company announced Monday. The rider is meant to provide an extra layer of savings when the...