Does The Election Matter?
With Tuesday’s mid-terms, will there be any impact on seniors housing and care? First of all, this mid-term election matters in many ways. But I keep on getting asked whether it will have much of an impact on the seniors housing and care sector. My gut response is no, at least on the federal level. Over 30 years, I have never really heard that the sector has performed better or worse depending on which party controlled Congress. On the local level, however, it is a different story, where local voting and referendums can really have an impact on the sector. Take Maine, for instance. They had a vote yesterday to tax Mainers with income above $128,400 (apparently, 1.6% of the... Read More »
Who Won the Battle For the Post-Acute Patient?
On November 1, we hosted the long-awaited Battle for the Post-Acute Patient: SNFs vs. LTACs vs. IRFs. On the webinar, Steve Monroe (our moderator) and panelists Jim Haulihan of Fox Subacute, Mike Munter of Symphony Post Acute Network and Marc Zimmet of Zimmet Healthcare Services Group had a lively discussion about who’s currently winning that battle, how it’s driving up SNF values and whether managed Medicare and Medicaid will be their friend or foe, among other topics. You can listen to the 90-minute webinar here. But we also wanted to hear what our audience had to say and posed two questions. Here are the results: Do you believe SNFs should be able to care for current LTAC and IRF... Read More »
The Survival of SNFs
As skilled nursing facilities look to the future, competing with LTACs and IRFs must be on the agenda, which will help to increase values. If you own, operate, lend to or want to invest in a skilled nursing facility, our webinar tomorrow is the one you just can’t miss. Why? Because we are going to explore how skilled nursing facilities will go up against LTACs and inpatient rehab facilities (IRFs) in the battle for the post-acute patient. Not just how, but why it is crucial for the future of the entire SNF sector. And what it will do to values. Historically, LTACs and IRFs have taken in higher acuity patients than SNFs, and have the associated staff to take care of those patients. But as... Read More »
NIC Takeaways
Record NIC attendance hints at continued investor and lender interest in seniors housing and care. It was yet another record crowd at the NIC Conference, which brings up a point I kept on making. If the headwinds are so strong, on many fronts, why are there still so many more people who want to invest, lend or operate in this business? The simple answer is good returns and an even better future, at some point. What were my takeaways? First, that there is just too much equity capital available. Think about that. Ten, 15 and 20 years ago, that statement would have been laughed at. Second, the skilled nursing sector appears to be primed to turn around before seniors housing. Why? There is... Read More »
NIC, Valuations and Big Deals
Join me Wednesday afternoon at 4:00 pm as I moderate the NIC Valuations session. By the time you are watching this, I will be walking around the meeting rooms, receptions, and various sessions at the NIC Conference. And please join me today at 4:00 pm as I am moderating the session on valuations called, “What’s It Really Worth?” If you want to find out the answer, join us. But it is a very good question in today’s market, where capital is still abundant, but the 10-year Treasury rate has doubled in a year and a half. Occupancies are still weak across the board, but there are plenty of providers producing a healthy amount of cash flow. The minimum wage is rising across the country, but that... Read More »Schedule a demo
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