Capital Funding Group SavaSeniorCare moved a 29-asset long-term care portfolio in a deal. The deal included a $262.6 million loan for the refinancing of 29 nursing homes. These 29 nursing homes transitioned to four “regional operators”. It is unclear if the regional operators are related entities to the for-profit chain. The portfolio spans across Colorado,
Remind me again why we need to bail out the nursing home industry again? Ensign Group executives are predicting their operators will soon exceed the mark after another “record quarter.” The California company reported occupancy improved by 2.8% — from 71.6% to 74.4% — when comparing the third quarter of 2020 to the quarter ended
Technology for Residents Social isolation is terrible in nursing homes. COVID-19 caused shifts in virtual technology use in nursing homes. Nursing homes need to encourage activities, family interactions, and communication for the health and well-being of the residents. As a nursing home lawyer for over 25 years, the lack of family communication is often a
Vaccination is the best safeguard against the highly transmissible Delta variant. 99% of patients hospitalized with COVID-19 are unvaccinated. Residents in nursing homes account for a significant number of COVID-19 infections and deaths. There have been 704,233 COVID-19 deaths in the U.S. Over 50,000 deaths in nursing homes. Becker’s Hospital Review listed the states with
McKnight’s had another article on the long-standing problem of nursing homes improperly sedating residents. This practice is known as chemical restraints. The misuse and abuse of antipsychotics is a well-known problem. Antipsychotic medications are dangerous for the elderly especially those suffering from dementia. Long-term care clinical experts are acutely aware of the dangers of overprescribing
Employment The Biden Administration will provide $500 million to the nursing home industry. The initiative will send strike teams to nursing homes to help with infection control and prevention efforts, and address staffing shortages. The strike team program will be a partnership between providers and inspectors that reduces the spread of infections at facilities. CMS
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