CINCINNATI, WEST CHESTER, Ohio, and FORT THOMAS, Ky. — KeyBank Real Estate Capital (KBREC) has provided $88 million in HUD financing to Northwind Group for the refinancing a four-property seniors housing portfolio.
Finance
Next week, the Center for Medicare and Medicaid Services (CMS) is scheduled to roll out a new reimbursement model that could significantly affect the cash flow and financial flexibility of skilled nursing facilities. Under the program, known as the Patient-Driven Payment Model (PDPM), CMS is linking skilled nursing facility (SNF) reimbursements to the value of care given. When it goes into effect on October 1, PDPM will replace the current model that pays SNFs based on the volume of services rendered. One of PDPM’s primary goals is to encourage activities …