CareTrust REIT has reached tentative agreements with nearly all of the 32 skilled nursing and seniors housing facilities that it plans to sell or repurpose, executives said Friday.
CareTrust to sell, reformat 32 facilities in seller’s market move
By
Danielle Brown
Feb 18, 2022
California-based real estate investment trust CareTrust plans to sell, re-tenant or repurpose up to 32 facilities in an “unprecedented opportunity to de-risk” its portfolio, executives detailed Thursday.
‘Hard to imagine occupancy fully recovers’ before hospital volumes: CareTrust execs
By
Danielle Brown
May 10, 2021
A rebound in skilled nursing occupancy will likely come, but only after patient volumes in hospitals return back to normal, according to CareTrust REIT executives.
Point-of-care testing could be ‘biggest advance’ in COVID-19 fight
By
Danielle Brown
Aug 10, 2020
The federal government’s point-of-care testing program for nursing homes — outside of a future potential vaccine — could be the “biggest advance” of all in the fight against the coronavirus crisis,...
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.