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In September, CMS posted ownership data for 15,000 nursing homes. The federal agency identified holding companies and consulting firms to data on the website. However, the data is based on unreliable self-reported information. Recently, McKnight’s reported major moves in the long term care industry. Sabra and Promedica are selling out. Leaving devastation in their wake. Sabra
Evan Porter wrote an interesting article showing a new way to operate an assisted living facility. A nursing home built that breaks most norms. Most nursing homes today typically have residents in confined areas with regimented medication schedules. Similar to a prison. Instead, this particular nursing home design uses different forms of therapy. The architecture
California Ensign Expands in Texas The Ensign Group, Inc. (Nasdaq: ENSG) issued a press release after acquiring the following skilled nursing facilities in Texas: Brodie Ranch Nursing and Rehabilitation, a 120-bed skilled nursing facility located in Austin, Texas; Onion Creek Nursing and Rehabilitation Center, a 125-bed skilled nursing facility located in Austin, Texas; Riverside Nursing and
Private equity and REIT own and control nursing homes but hide behind sham related entities and shell companies. The Centers for Medicare & Medicaid Services will provide nursing home ownership data available to increase transparency in the industry. CMS will post on data.cms.gov and updated monthly. The industry has profited significantly from creating complex organizational structures.
The Journal of the American Geriatrics Society published a report showing the poor get less care than wealthy residents. Nursing homes in “disadvantaged” neighborhoods provide less clinical workers compared with nursing homes in rich areas. This disparity compromises the safety of residents. Residents in nursing homes have complex medical needs. Research proves that nursing homes with
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