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The latest nursing home sales and openings

October 12, 2018  |  I Advance Senior Care
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Evans Senior Investments represented the seller in the sale of two New Jersey skilled nursing facilities for $31.5 million, or *$190,000 per bed.

Invesque diversifies skilled nursing portfolio, looks to SNF future

September 27, 2018  |  I Advance Senior Care
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“Definitively, there is a long-term place in the health care spectrum for skilled nursing,” CEO Scott White told Skilled Nursing News in a Tuesday interview. 

ProMedica's credit takes hit in wake of mega deal

August 17, 2018  |  I Advance Senior Care
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After warning last month that a credit downgrade was likely, Standard & Poor’s this week lowered its long-term credit rating for non-profit health care provider ProMedica by multiple levels.

Americans ill-equipped to pay for long-term care, survey shows

August 15, 2018  |  I Advance Senior Care
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Moll Law Group  surveyed 2,000 people to see how prepared they are for the realities and costs of long-term care.

IRS proposes limit to tax benefit that includes skilled nursing, assisted living facility owners

August 15, 2018  |  I Advance Senior Care
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The draft rule has drawn criticism from the American Health Care Association/National Center for Assisted Living (AHCA/NCAL).

Long-term, acute care hospitals see payment increase from Medicare

August 6, 2018  |  I Advance Senior Care
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Acute care providers get a payment increase from Medicare of 3% and long-term care hospitals receive an update of 1.35% in a final rule issued Thursday by the Centers for Medicare and Medicaid Services (CMS).

As tariff fears rise, so do skilled nursing facility construction costs

August 3, 2018  |  I Advance Senior Care
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A tight labor market has continued to drive up construction costs for skilled nursing facilities — and that’s before accounting for the potential effects of disruptive new tariffs from the Trump administration.

Some hospice providers neglecting patients, abusing Medicare, according to HHS report

August 2, 2018  |  I Advance Senior Care
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The report calls for the Centers for Medicare and Medicaid Services, which is a key player in the funding of hospice services, to increase its level of scrutiny to improve the detection of these problems.

ProMedia's purchase of eight bankrupt nursing homes a move to "redefine health care"

July 30, 2018  |  I Advance Senior Care
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Eight nursing homes in the region that had been in bankruptcy proceedings are now owned by ProMedica, a Toledo-based health network.

LifeCare in Pennsylvania to close, lay off 122

July 25, 2018  |  I Advance Senior Care
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LifeCare Hospitals of Mechanicsburg LLC, a provider of specialty acute medical care, is shutting its doors, displacing 122 workers.

Blue Ridge CEO falls on sword, fires self to cut assisted living facility's costs

July 20, 2018  |  I Advance Senior Care
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The top executive of an assisted living community and rehab facility in Martinsville, Virginia, is soon to be out of a job, and it’s by his own design.

Ascension expands services throughout Michigan, other states

July 10, 2018  |  I Advance Senior Care
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As Ascension Michigan continues to reorganize its operations and rebrand its 15 hospitals, the Roman Catholic...

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