Diversicare Healthcare Services President and CEO Jay McKnight estimated that the skilled nursing industry saw an 11% drop in occupancy in the first quarter, largely due to the coronavirus pandemic.
Ensign returns $110M in aid
By
Danielle Brown
Sep 01, 2020
The Ensign Group returned about $110 million in federal COVID-19 relief aid after experiencing another quarter of “record-breaking results,” company executives reported in August.
Sabra reluctantly terminates Senior Care Centers’ leases
By
Marty Stempniak
Dec 05, 2018
Sabra Health Care is cutting ties with its largest skilled nursing operator and selling 36 facilities.
January Business briefs
Jan 05, 2020
» Senior Living Investment Brokerage coordinated the sale of two Tennessee skilled nursing communities in December. The communities have a total of 176 beds and are located in Mount Pleasant and Lenoir...
December Business briefs
Dec 05, 2019
» Brookdale Senior Living sold three continuing care retirement communities to Frontline Management. The deal involved properties in Arizona, Ohio and South Carolina. They have a total of 782 units across...
Business Briefs: November 2018
By
Marty Stempniak
Nov 02, 2018
» Extendicare announced the hiring of Michael Guerriere, M.D., as its new president and CEO in September. Prior to taking on the role Oct. 22, he served as board member of the 118-facility Markham, Ontario-based...
January 2019 Business Briefs
By
Marty Stempniak
Jan 03, 2019
Regional Health Properties in December transferred four skilled nursing facilities in Ohio to a new operator.
Omega Healthcare finalizes $735M purchase of 58 SNFs
By
Danielle Brown
Dec 05, 2019
Omega Healthcare announced the completion of a $735 million acquisition of 60 facilities during a third-quarter earnings call in November.
Department of Justice weighs down Diversicare
By
Marty Stempniak
Dec 05, 2018
Hampered by an ongoing investigation, Diversicare Healthcare Services recorded a $7.4 million net loss in the third quarter of this year.
ProMedica’s debt swells
By
Marty Stempniak
Jun 06, 2019
Five months after ProMedica acquired HCR ManorCare, the Ohio hospital system’s debt has ballooned. ProMedica’s long-term debts have more than quadrupled since the deal, reaching $1.9 billion at the...