‘Private equity abuse’ in long-term care is target of new federal bill
By
Lois A. Bowers
Jun 13, 2024
Two Democratic senators from Massachusetts have introduced a bill they say is meant to “root out corporate greed and private equity abuse” in nursing homes, assisted living communities, home health...
US healthcare spending for NFs and CCRCs to reach $337.4 billion by 2032, CMS says
By
Lois A. Bowers
Jun 13, 2024
National health expenditures for nursing facilities and continuing care retirement communities are expected to reach $337.4 billion by 2032, according to new estimates released Wednesday by the Office...
The Ensign Group adds 9 skilled nursing facilities to portfolio
By
Lois A. Bowers
Oct 04, 2022
The Ensign Group announced the addition of nine skilled nursing facilities to its portfolio on Monday. Six are in Texas, two are in South Carolina and one is in Arizona.
SNF referral rejection rate at 88 percent due to staffing issues: report
By
Lois A. Bowers
Sep 02, 2022
Referrals from hospitals to skilled nursing facilities are increasing, but by the first quarter of this year, the rate of referral rejection among SNFs had climbed to 88%, primarily due to diminished staff...
Legislation aims to increase scrutiny of private equity healthcare acquisitions
By
Lois A. Bowers
Feb 27, 2024
Legislation introduced by California Attorney General Rob Bonta and Assembly Speaker pro Tempore Jim Wood (D-Healdsburg) in the Golden State would give the attorney general oversight of private equity...
Eskaton sells SNFs to Cypress for $35.6 million to focus on senior living, home care
By
Lois A. Bowers
Apr 10, 2023
Carmichael, CA-based provider Eskaton is selling its three stand-alone skilled nursing facilities for $35.6 million as part of a plan to “expand and enhance” the company’s offerings in independent...
Business briefs, Feb. 27
By
Lois A. Bowers
Feb 27, 2024
Proposed law would impose federal reporting requirements on assisted living providers … Feb. 29 is deadline to participate in professional liability study … Iowa lawmakers ponder $20 minimum wage for...
PruittHealth expands presence in Georgia with 3-SNF acquisition
By
Lois A. Bowers
Oct 10, 2023
Norcross, GA-based PruittHealth is expanding its presence in Georgia with the acquisition of three skilled nursing facilities from Piedmont. Two of the facilities are located in Augusta, and one is located...
Updated: 22 states petition CMS to repeal COVID-19 vaccine mandate for healthcare workers
By
Lois A. Bowers
Nov 17, 2022
A coalition of 22 states led by Montana Attorney General Austin Knudsen (R), today formally called on the Biden administration to withdraw its COVID-19 vaccine mandate for nursing home and other healthcare...
Business briefs, Sept. 5
Sep 05, 2023
Data breach affects more than 200,000 Indiana Medicaid beneficiaries … Skilled nursing providers find few silver linings, stew over minimum staffing demands … Elison Willowbrook in Houston unveils...