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Skilled Nursing

AcquisitionsNewsSkilled NursingTexas

SLIB Brokers Sale of 112-Bed Treemont Health Care Center in Houston

by Jeff Shaw

HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of Treemont Health Care Center, a 112-bed assisted living and skilled nursing community in Houston. Built in 1974, the 39,058-square-foot community sits on approximately 1.3 acres. The bed mix is 42 assisted living and 70 skilled nursing. A regional owner-operator sought to exit the property due to the post-pandemic operating difficulties. The buyer was a local owner-operator looking to expand in Houston. The buyer assumed a HUD loan associated with the property. The price was not disclosed Vince Viverito, …

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AcquisitionsNewsSkilled NursingTexas

SLIB Arranges Sale of 108-Bed Haven Care in Longview, Texas

by Jeff Shaw

LONGVIEW, Texas — Senior Living Investment Brokerage (SLIB) has arranged the sale of Haven Care, a 108-bed skilled nursing facility in the East Texas city of Longview. The property totals 24,653 square feet on three acres of land. The seller was a Texas-based partnership looking to divest of its only seniors housing community. The buyer was an owner-operator with several other facilities in the state, including in the Longview market. The price was not disclosed. Matthew Alley of SLIB handled the transaction.

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AcquisitionsGeorgiaNewsSkilled Nursing

Blueprint Brokers Sale of 100-Bed Archway Transitional Care in Macon, Georgia

by Jeff Shaw

MACON, Ga. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Archway Transitional Care, a 100-bed skilled nursing facility in Macon. The seller was Selectis Health (OTCPK: GBCS), a Colorado-based corporation and owner-operator of senior care facilities across multiple states. The buyer was the existing operator, Ethica Health & Retirement, a subsidiary of Community Health Systems of Georgia (CHSGa), the largest non-profit provider in the state. The price was not disclosed. Michael Segal and Daniel Waldhorn led the Blueprint team.

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Industry VoicesOperationsSkilled Nursing

What to Expect from the 2024 CMS Minimum Staffing Rule

by Jeff Shaw

By Diane Marie O’Malley, Partner, Hanson Bridgett LLP In an already difficult recruiting market, long-term care facilities now have the extra burden of complying with the new staffing rules implemented by the Centers for Medicare & Medicaid Services (CMS) and the Department of Health and Human Services. While some facilities already meet these requirements, certainly this will impact bottom lines of those providers who do not meet these standards and thus must start budgeting for this increased cost. On April 22, 2024, CMS issued the Minimum Staffing Standards for Long-Term Care (LTC) Facilities …

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AcquisitionsAlabamaFinanceGeorgiaLouisianaNewsSkilled NursingTennessee

Dwight Mortgage Trust Provides $142M Acquisition Financing for Skilled Nursing Portfolio in the Southeast

by Jeff Shaw

ATLANTA; MEMPHIS, Tenn.; MOBILE, Ala.; and SHREVEPORT, La. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $142 million bridge acquisition loan for a portfolio of 10 skilled nursing facilities in prime urban areas surrounding Atlanta, Memphis, Mobile and Shreveport.  The properties include Bell Minor Home, Cambridge Post Acute Care Center, Nurse Care of Buckhead, Riverside Health Care Center, Rockdale Healthcare Center, Westminster Commons, Millington Healthcare Center, Parkway Health and Rehabilitation Center, Kensington Health and Rehabilitation, and Highland Place Rehabilitation and Nursing.  Collectively, these facilities total …

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AcquisitionsNewsOhioSkilled Nursing

Ziegler Brokers Sale of 206-Bed Skilled Nursing Portfolio in Ohio

by Jeff Shaw

OHIO — Ziegler has acted as sell-side financial advisor to the sale of a portfolio located in Northern Ohio. The portfolio comprised three buildings consisting of 182 skilled nursing beds and 24 behavioral health beds. The seller is a leading nonprofit organization dedicated to providing affordable housing, healthcare and supportive services to various populations, including seniors, veterans and families in need. The portfolio represents the organization’s only healthcare properties in Ohio. The buyer is a privately held, for-profit owner and operator based in Englewood Cliffs, New Jersey, that intends to …

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FinanceIdahoNewsSkilled NursingWashington

Capital Funding Group Provides $42M HUD Financing Package for Three Skilled Nursing Facilities

by Jeff Shaw

WASHINGTON and IDAHO — Capital Funding Group (CFG) has provided a HUD financing package totaling $42 million. The package included three loans supporting the refinancing of existing bridge loans for three skilled nursing facilities: Tim Eberhardt and Ava Julio originated the transaction. The borrower was not disclosed.

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ArizonaFinanceNewsSkilled Nursing

Greystone Funds $29.4M HUD Financing for Skilled Nursing Facility in Tucson, Arizona

by Jeff Shaw

TUCSON, Ariz. — Greystone has provided a $29.4 million HUD-insured loan to refinance a 240-bed skilled nursing facility in Tucson.  Eric Rosenstock originated the loan on behalf of Sapphire of Tucson Properties LLC. Sandstone of Tucson Rehab Centre in Pima County is a long-term skilled nursing and post-acute rehabilitation facility that includes 127 units, consisting of 43 private and 84 semi-private rooms.  The permanent FHA loan carries a 35-year term and amortization.

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DevelopmentMissouriNewsSkilled Nursing

IMPACT Strategies Completes Construction of 40-Unit The Rehabilitation Institute of St. Louis – West County

by Jeff Shaw

BALLWIN, Mo. — IMPACT Strategies Inc. has completed The Rehabilitation Institute of St. Louis – West County in Ballwin, a suburb west of St. Louis.  Encompass Health Corporation and BJC HealthCare held a ribbon cutting at the property in May 2024. This inpatient rehabilitation hospital is an expansion of the current joint venture between Encompass and BJC, which already includes three hospitals known as The Rehabilitation Institute of St. Louis, The Rehabilitation Institute of Southern Illinois and The Rehabilitation Institute of St. Louis located in St. Peters.  The recently completed …

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From The MagazineSkilled Nursing

Where We Stand With PDPM Five Years In

by Jeff Shaw

Despite years of build-up, the new skilled nursing payment model has flown under the radar since its implementation. Operators assess the impact. By Jeff Shaw In the years leading up to the implementation of the Patient-Driven Payment Model (PDPM), there was plenty of discussion and handwringing over the impact it would have on the skilled nursing industry. Officially launched on Oct. 1, 2019, by the Centers for Medicare & Medicaid Services (CMS), the model was supposed to be a sea change for healthcare billing and services. The impetus, at the …

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