Omega Healthcare Investors - McKnight's Senior Living

Omega Healthcare Investors

Contemplated senior woman sitting on wheelchair. Elderly disabled female is looking through window.

FY 2022 SNF reimbursement proposal could weaken rent coverage for skilled nursing REITS: Mizuho

Last week, the Center for Medicare & Medicaid Services released its 2022 fiscal year reimbursement proposal for skilled nursing facilities that includes a 1.3% boost to Medicare payments. The overall $444 million increase is substantially lower than the $750 million awarded for the 2021 fiscal year, noted an industry update analysis Monday from Mizuho Securities USA.

Parkinson: ‘Green shoots’ indicate occupancy is troughing, but pace of recovery still uncertain

The stocks of senior living and skilled nursing-focused real estate investment trusts have outperformed expectations since the first COVID-19 vaccine announcement last November raised hopes of a quick recovery. Yet despite the tremendous drop in COVID-19 cases at these facilities post vaccine rollout, challenges within both sectors still remain, Mark Parkinson, CEO of the American Healthcare Association and the National Center for Assisted Living said Tuesday during a keynote address to attendees of Mizuho’s second annual Healthcare REIT Summit.

Ongoing concerns over pandemic recovery leads to NHI, Omega, Sabra downgrades from Mizuho

An analysis released Wednesday from investment banking firm Mizuho Securities USA includes a downgrade of real estate investment trust National Health Investors to “underperform” from “neutral.” The change stems from concerns around the larger senior housing operators in NHI’s portfolio, which either have tight rent coverage or already have been granted rent deferrals.

Business briefs for Friday, Dec. 18

Omega reinstates dividend reinvestment and optional cash purchase … Most companies favor supporting parents of young children over employees who care for aging parents, spouses or other adult loved ones: S&P Global/AARP survey … Long-term care COVID-19 vaccination rollout has begun … Alliant Capital closes on $130M low-income housing tax credit fund that will help create and preserve about 1,100 units of affordable housing for seniors and families across 8 states … JASA Corp. receives $74.5M in FHA Section 223(f) refinancing for New York affordable seniors housing community … Monticello provides $20M in financing for acquisition of SNFs in Kansas and Ohio … Sequoia Living opens senior living community in Walnut Creek, CA

Healthcare professional in protective gloves & workwear holding & organising a tray of COVID-19 vaccine vials. The professional is carrying out researches on COVID-19 vaccine in laboratory.

Vaccine news boosts analysts’ views on skilled nursing; concerns remain around future of seniors housing: Mizuho

As Nareit’s REITworld: 2020 Annual Conference wrapped up last week, analysts at Mizuho Securities USA say they remain positive on the skilled nursing sector given the promising vaccine news, strong government support of the industry and an improving acquisitions outlook. And although the vaccine news also is a major positive for senior housing, analysts also worry that the recent rally in the sector’s stocks may be reflecting a far rosier recovery than likely is to occur, and that the 2021 earnings outlook may disappoint.

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