What short-term trends are affecting nursing homes?

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According to a Wall Street analysis conducted for the Centers for Medicare and Medicaid Services, here are several trends: 

• Wall Street is more pessimistic than in the past about sector prospects. 

• Higher Medicare payments are subsidizing lower Medicaid payments for nursing facilities. 

• Many chains are exiting states where liability costs are high. 

• Access to capital is extremely limited.

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June 20

107 years young

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Irene Rebok, a resident of Magnolias of Chambersburg, will celebrate her 107th birthday with a visit from a state representative and a "card shower."