Despite Lower Occupancy, Skilled-Nursing Facilities Still Primed for M&A
Skilled-nursing properties nationwide have seen their occupancy fall during the first quarter, but that may drive more merger and acquisition activity in the sector, according to new research.
The National Investment Center for Seniors Housing and Care found that SNFs’ occupancy rates dropped to 81.6% in the first quarter of 2018, down from 83.7% over the same period in 2017. Pressure from payers, accountable care organizations, managed care organizations and other groups to reduce length of stay has led to a decline in occupancy over the past several years, said Bill Kauffman, senior principal at NIC.
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Despite lower occupancy, skilled-nursing facilities still primed for M&A
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