Genesis leaves NYSE, charts path toward recovery but more LTC companies may be in danger
By
Danielle Brown
Mar 04, 2021
Genesis HealthCare announced Wednesday it will voluntarily delist its common stock from the New York Stock Exchange as part of a restructuring plan to improve the company’s financial and operational...
Clinical briefs for Wednesday, March 3
By
Alicia Lasek
Mar 03, 2021
Senior living chief medical officer reflects on COVID a year into pandemic, including vaccine acceptance … NIH halts convalescent plasma trial in ED patients with mild COVID symptoms … Stroke patients...
Welltower dumping most Genesis HealthCare holdings in $880 million deal, strengthens ProMedica joint...
By
Danielle Brown
Mar 03, 2021
Welltower is cutting most ties with beleaguered Genesis HealthCare, the company announced late Tuesday.
Fewer long-term care bargains, but deal size and government support will pique investor interest, experts...
By
Kimberly Marselas
Feb 25, 2021
Despite ongoing worries about census and long-term reputational damage wrought by COVID-19, a trio of experienced skilled nursing investors said Wednesday that opportunities in the sector remain attractive...
McKnight’s unveils 2021 Women of Distinction Hall of Honor inductees
Feb 19, 2021
Nineteen women will be inducted into the McKnight’s Women of Distinction Hall of Honor as part of the program’s third annual class.
Industry may ‘never be the same’ without increases in Medicaid reimbursement, advisors warn
By
Danielle Brown
Feb 19, 2021
Increased state Medicaid reimbursement is necessary if providers ever hope to improve their financial and operational outlooks, a new analysis by advisory firm Marcum LLP suggests.
Investors’ lawsuit claiming CVS-Omnicare improprieties is dismissed
By
Danielle Brown
Feb 17, 2021
A federal class action lawsuit that alleged CVS Health Corp. misled shareholders about struggles within its long-term care pharmacy business after its acquisition of Omnicare has been dismissed. The complaint...
Fauci: ‘Pan-viral’ vaccine may be needed to tackle tenacious COVID-19 long-term
By
Alicia Lasek
Feb 16, 2021
The virus that causes COVID-19 likely is here to stay, and its success in humans means that stronger defense measures will be needed, say Anthony Fauci, M.D., and colleagues from the National Institute...
PDPM revenue, caring for COVID patients ‘significantly offsetting’ CareTrust’s decline in occupancy
By
Danielle Brown
Feb 12, 2021
The Patient-Driven Payment Model arrived not a moment too soon for CareTrust REIT’s skilled nursing operators.
SNF occupancy hits all-time low, managed Medicare rates also drop
By
Danielle Brown
Feb 11, 2021
Industry experts expect operators to continue experiencing revenue pressures throughout the winter months after skilled nursing occupancy hit and managed Medicare rates hit record lows.