• Sabra Trims Forecast, Tempering a Solid Quarter

    Sabra Health Care REIT, Inc. announced several acquisitions in its third quarter results. The REIT acquired six managed seniors housing properties for $217.5 million with an estimated initial cash yield of 7.8%, three of which were acquired through a consolidated joint venture in which Sabra has a 95% equity interest. The company also purchased... Read More »
  • CareTrust’s Flurry of Acquisitions

    CareTrust REIT, Inc. closed a series of transactions totaling approximately $437 million in late October. In two separate deals, the REIT acquired 12 skilled nursing facilities and one skilled nursing campus located across the Southeast and Mid-Atlantic. The combined portfolio includes approximately 1,760 licensed skilled nursing beds and... Read More »
  • Ensign Adds to Its Utah and Alabama Footprint

    The Ensign Group, Inc. kicked off November with a couple of new deals. The publicly traded company acquired the real estate and operations of the following seven Stonehedge skilled nursing facilities in Utah: Stonehenge of American Fork (90 beds in American Fork) Stonehenge of Cedar City (50 beds in Cedar City) Stonehenge of Ogden (52 beds in... Read More »
  • Joint Venture Makes Its First Acquisition

    A joint venture between Capitol Seniors Housing and a global alternative asset manager with over $55 billion in assets under management worldwide acquired The Woods at Merrimack, a 140-unit seniors housing community in Methuen, Massachusetts. This is the first deal between CSH and the asset manager but marks the beginning of a long-term... Read More »
  • Michigan-Based Owner/Operator Buys Lansing Campus

    A public REIT engaged Blueprint in the confidential divestiture of a 53-unit assisted living and memory care campus in Lansing, Michigan. The campus features two standalone buildings separately catering to assisted living residents and those requiring memory care. The well-maintained campus was originally built in 1997 and consisted of 19... Read More »
Can Skilled Nursing Be Reformed?

Can Skilled Nursing Be Reformed?

The American Health Care Association and Leading Age have proposed a reform agenda for skilled nursing. As usual, the problem is Medicaid. The American Health Care Association and Leading Age have proposed a policy “agenda” to address some of the problems that exist in skilled nursing facilities today, which were obviously highlighted by the impact of the pandemic.  As part of the reforms, they want enhanced infection control practices, 24-hour RNs, 30-day minimum supply of PPE, better recruiting and retention of staff, improved oversight systems, and a shift to all private rooms. There is little here to disagree with, except that they expect Medicaid to pick up most of the $15... Read More »

CCRCs to Become LPCs?

Leading Age announced this week that they are proposing a new name for CCRCs: Life Plan Communities. What is it about all these name changes? First we have Health Care REIT becoming Welltower, followed by ALFA becoming Argentum. Now Leading Age, which already changed its name several years ago, has proposed that the industry adopt a new name for CCRCs, coming up with “Life Plan Communities.” A lot of people have had a desire to get away from the alphabet soup acronyms that are so common (ALFA, ASHA, AHCA, AAHSA), but these acronyms do make it easier at times. Will the new name become LPCs? That sounds a bit clinical to me, but who... Read More »