Nursing Home Occupancy ‘Disappointingly Flat’ in November but States’ Medicaid Rebasing Encouraging
12/03/23 at 04:00 AM
Nursing Home Occupancy ‘Disappointingly Flat’ in November but States’ Medicaid Rebasing Encouraging
Skilled Nursing News
December 1, 2023
Healthcare Real Estate Investment Trusts specializing in post-acute care facilities experienced “disappointingly flat” occupancy rates in November, according to investment analysts. BMO Capital Market’s Juan Sanabria highlighted the challenges faced by skilled nursing facilities in maintaining growth, with market share loss to home health. ... In terms of REIT exposure and risks, the note pointed out that SNF coverage appeared to have bottomed out as occupancy and labor availability had improved. This trend is evident from recent quarterly earnings from several large publicly-traded REITs.