‘The New Normal’: Nursing Home M&A Is Being Shaped by Regional Operators, REITs, and Private Capital
The skilled‑nursing sector entered 2026 with strong occupancy and higher state reimbursements, restoring profitability for many facilities. Financing remains robust, but activity has shifted toward acquiring and refurbishing existing homes rather than new construction. Regional operators are snapping up underperforming sites, while REITs and private capital support higher‑valued transactions and provide equity for newer entrants. HUD‑backed refinancing is increasingly used by owners of top‑performing homes to pull cash without selling.
Skilled Nursing Dealbook: Arizona Nonprofit Sells for $30M-Plus, Viventium Acquires Apploi
Evans Senior Investments brokered the sale of the nonprofit Glencroft Center for Modern Aging in Glendale, Arizona, fetching $30.15 million—about $134,000 per bed—despite a 47% occupancy rate and a 1‑star CMS rating. The deal doubled the seller’s expected proceeds by creating...
Omega Execs Tout Nursing Home Operator Credit Quality, Predict Strong 2026, Offer Genesis Sale Updates
Omega Healthcare Investors reported a stronger‑than‑expected fourth‑quarter 2025, posting EPS of $0.55 versus the $0.49 consensus and adjusted FFO of $0.80 per share, beating estimates. The REIT lifted its 2026 AFFO outlook to $3.15‑$3.25 per share, slightly above analyst expectations....
Next Step Properties Placed in Receivership, iCare Tasked With Interim Operations
Eleven of Next Step Healthcare's fourteen Massachusetts nursing homes have been placed in court‑appointed receivership after landlords reported nearly $15 million in unpaid rent and $3 million owed to lenders. Audits show chronic late payments and inspection failures that jeopardized resident safety....