Restructuring, Medicaid boosts pay off for Omega in Q2
By
Kimberly Marselas
Kathleen Steele Gaivin
Aug 04, 2023
Stronger-than-expected cash rent payments helped bolster Omega Healthcare Investors’ performance in the second quarter, giving the real estate investment trust a healthy $250 million in revenue, $5 million...
High Court hands government a ‘clear win’ on False Claims: expert
By
Kathleen Steele Gaivin
Jun 02, 2023
In a pair of consolidated cases, the Supreme Court unanimously ruled Thursday that liability in False Claims Act suits depends on whether the defendants believed that their claims were false, not on whether...
SNF valuations high despite headwinds, expert says
By
Kathleen Steele Gaivin
May 25, 2023
Despite “a tumultuous couple of years,” skilled nursing valuations are high, and acceleration is expected, Evans Senior Investments Director Kris Lowes said Wednesday.
Ensign approaches 300 facilities with focus on skilled care segment
By
Kathleen Steele Gaivin
Apr 28, 2023
The Ensign Group picked up 19 facilities in California and Colorado in the first quarter of 2023, hastening the growth trajectory it has sustained through the pandemic.
One-fifth of RNs planning to leave healthcare in 5 years: study
By
Kathleen Steele Gaivin
Apr 14, 2023
Since the start of the pandemic, according to the group, 100,000 RNs have left the nursing profession, and by 2027, almost 900,000 more are expected to leave the workforce. Licensed practical/vocational...
Staffing agency made employees work 3 years or repay wages, DOL charges
By
Kathleen Steele Gaivin
Mar 22, 2023
A Brooklyn, NY, healthcare staffing agency and its CEO are under fire from the Department of Labor for allegedly requiring employees to sign contracts that required them to work for the company for three...
Genesis Healthcare in growth mode as it picks up 38 former ProMedica facilities
By
Kathleen Steele Gaivin
Kimberly Marselas
Feb 01, 2023
Genesis Healthcare appears to be correcting its long-time slide in the nursing home sector, confirming this week that the company is adding 34 skilled nursing facilities in Pennsylvania and four in Colorado.
Ensign Group’s future ‘brighter than ever,’ growth-minded CEO says
By
Kathleen Steele Gaivin
Aug 03, 2022
After picking up 11 new skilled nursing facilities and restoring occupancy at several others in its extensive holdings, the Ensign Group’s future is “brighter than ever,” CEO Barry Port said on a...
Long-term care campaign scores ‘historic’ budget increase in PA
By
Kathleen Steele Gaivin
Jul 12, 2022
Pennsylvania Gov. Tom Wolf (D) and the state general assembly have approved what long-term care advocates have dubbed a “historic budget victory.” The 2022-2023 spending plan includes a Medicaid raise...
Private equity deals slow in 2022 after 2021 high
By
Kathleen Steele Gaivin
May 23, 2022
Private equity healthcare provider deals have slowed in early 2022 after reaching a high in 2021, according to recent reports.