‘Locked and loaded’: CareTrust touts lending as source of growing pipeline
By
Kimberly Marselas
May 06, 2024
A new deal that extends CareTrust’s partnership with the Ensign Group is an example of the company’s willingness to “lend with a purpose” as a means to grow its real estate holdings, leaders said...
CareTrust bullish on SNFs in what could be explosive year for growth
By
Kimberly Marselas
Feb 12, 2024
CareTrust REIT is holding a record stash of credit and cash, and company leaders said Friday they are about to unleash a wave of spending on primarily skilled nursing acquisitions.
CareTrust REIT expects mid-2023 bonanza for facility acquisitions
By
Joe Bush
Nov 10, 2022
CareTrust REIT is “open for business,” emphasized president and CEO David Sedgwick during the company’s cautiously optimistic third-quarter earnings call Wednesday.
‘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.
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.
Day-to-day operations ‘much more stable’ for CareTrust operators; CVS confident in vaccine administration
By
Danielle Brown
Nov 09, 2020
The skilled nursing and senior housing industries should now be “far more prepared to handle the third wave [of COVID-19] thanks to federal relief funding and stabilized operations, CareTrust REIT executives...
Nearly 12k nursing homes receiving point-of-care testing in second distribution wave
By
Danielle Brown
Aug 24, 2020
The Centers for Medicare & Medicaid Services has unveiled the names of nursing homes set to receive the COVID-19 point-of-care testing devices in its second wave.
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,...
CareTrust’s PPE bulk order saves $2M for operators
By
Danielle Brown
May 11, 2020
CareTrust REIT was able to secure personal protective equipment for its smaller operators just as nationwide shortages started occurring amid the coronavirus pandemic — saving them $2 million in the...
CareTrust sees SNF market heating up, plans $300M in new deals
By
Marty Stempniak
Feb 15, 2019
Add another big-name player to the list of experts believing that the skilled nursing real estate market is heating up.