Omega Healthcare Investors, a real estate investment trust, announced in late September that it will move to a cash-basis accounting method for tenants Genesis HealthCare and Signature HealthCARE.
Also in the News for Friday, Oct. 30
Oct 30, 2020
Welltower announces write-off for Genesis amid ‘going concern,’ reports occupancy drop for third quarter … National Guard being deployed to Indiana nursing homes next week, state announces additional...
College town coronavirus outbreak linked to rise in nursing home cases and deaths
By
Danielle Brown
Oct 23, 2020
Officials of a Wisconsin college town are sounding the alarm after a rise in coronavirus cases among students in September was followed by a devastating increase in cases and deaths among nursing home...
October Business Briefs
Oct 01, 2020
CareTrust REIT Inc. acquired two Montana skilled nursing facilities in an off-market transaction, the company announced in early September.
Also in the News for Monday, Sept. 28
Sep 28, 2020
1 in 6 nursing homes have reported staff shortages during pandemic: study … Sabra Health Care REIT evaluating ongoing concerns by Genesis, Signature … 23 New York nursing homes have been fined a total...
Also in the News for Friday, Sept. 25
By
Danielle Brown
Sep 25, 2020
Omega revises accounting method for operators Genesis, Signature citing ongoing concerns related to pandemic, expects change to cause $140M write down … NJ nursing home temporarily suspends services,...
Pandemic hits Genesis hard, putting firm’s future in doubt
By
Danielle Brown
Sep 01, 2020
Adverse effects from COVID-19 forced Genesis HealthCare to raise “substantial doubt” about its ability to operate in the near future. Genesis executives detailed their concerns during a second-quarter...
September Business Briefs
Sep 01, 2020
Monticello provided $14 million in first lien debt financing for a Wisconsin skilled nursing facility portfolio, the lender announced in August. The financing will be used to refinance two SNFs and acquire...
‘Last thing nursing homes need is COVID-19 and flu at the same time,’ expert warns
By
Danielle Brown
Aug 26, 2020
This year, appeals will be stronger than ever for skilled nursing employee to get the flu vaccine. Many observers are already imploring operators to make flu vaccination mandatory because of potential...
Providers push back against report that ‘unfairly and inaccurately’ criticized operators’ lobbyists...
By
Danielle Brown
Aug 18, 2020
The nation’s largest nursing home association is pushing back after a major national media outlet criticized the long-term care industry’s lobbying efforts aimed at helping providers survive the public...