by Steve Monroe | Aug 31, 2021 5:30 pm | Opinion
The new requirement issued by the Biden Administration to force all nursing home workers to be vaccinated by late September, or else the facility will lose all Medicaid and Medicare funding, has unintended consequences that even a moron could see. The rationale was to... Read More »
by Steve Monroe | Aug 31, 2021 4:05 pm | Financings
An owner/operator of around 35 senior care facilities across Florida recently refinanced five of its skilled nursing facilities in the Sunshine State with the help of $58.13 million of first-lien debt provided by MONTICALLOAM, LLC and its affiliates (Monticello). The... Read More »
by Steve Monroe | Aug 30, 2021 9:53 am | Opinion
Last week the Centers for Medicare and Medicaid Services released a study comparing Medicare beneficiaries in nursing homes (about 1.4 million of them) to those Medicare beneficiaries in the general community at large (60.6 million) between March and December of 2020.... Read More »
by Steve Monroe | Aug 27, 2021 4:47 pm | Acquisitions
When the news first broke several days ago that an investor had offered to buy Diversicare Healthcare Services for $10.10 per share when it was trading below $3.00, well, we said it was an offer that would be hard to turn down. The board did not, and it appears to be... Read More »
by Steve Monroe | Aug 27, 2021 4:42 pm | Opinion
At this point, all we can say is that there have been a lot of pissed off shareholders of Capital Senior Living, and not just this year. It goes back several years when the stock price was just over $27 ($416 in today’s post-split equivalent price) and the market was... Read More »