Portfolio Diversity

Skilled Nursing News reported that National Healthcare Corp. (NHC) is acquiring financial interests in hospice and palliative care system Caris Healthcare for $38.95 million. Interesting, they always complain that they have no money to increase staffing.

NHC operates 75 nursing homes, 35 home health agencies, 28 hospice agencies, and 24 ALFs. The continuum of care is the future of the industry. A NHC spokesperson said:

“While NHC is sometimes recognized as a SNF operator, we have been and are a senior care provider with a full continuum of related health care services. NHC has been an owner in Caris for many years, but taking full ownership gives us further opportunities to expand our continuum of care for seniors and to strategically grow in states where NHC and Caris operate — and elsewhere.”

Other national chains like SavaSeniorCare and PruittHealth have echoed the need to diversify and specialize to meet the needs of the residents. Because of the reimbursement under PDPM, palliative and hospice are good options for additional revenue streams. Pruitt manages more than 180 skilled nursing centers across Florida, Georgia, North Carolina and South Carolina.
None of these services will increase the quality of care. Only safe levels of qualified, competent, and compassionate caregivers can meet the needs of the residents.