CareTrust REIT

CareTrust on Friday inked a contract to sell 11 skilled nursing facilities it had previously targeted for divestiture, a sale that comes of amid a highly active period for the real estate investment trust.

CareTrust has repositioned some of its staff to identify successful skilled nursing operators with which the real estate investment trust should forge new relationships, company officials said Friday as...

CareTrust REIT is “open for business,” emphasized president and CEO David Sedgwick during the company’s cautiously optimistic third-quarter earnings call Wednesday.

CareTrust REIT has reached tentative agreements with nearly all of the 32 skilled nursing and seniors housing facilities that it plans to sell or repurpose, executives said Friday. 

California-based real estate investment trust CareTrust plans to sell, re-tenant or repurpose up to 32 facilities in an “unprecedented opportunity to de-risk” its portfolio, executives detailed Thursday. 

CareTrust REIT’s mid-year concerns about the potential effects of delta variant infections on census recovery have all but disappeared, with executives reporting strong, third-quarter  skilled nursing...

A rebound in skilled nursing occupancy will likely come, but only after patient volumes in hospitals return back to normal, according to CareTrust REIT executives.

The Patient-Driven Payment Model arrived not a moment too soon for CareTrust REIT’s skilled nursing operators.

The skilled nursing and senior housing industries should now be “far more prepared to handle the third wave [of COVID-19] thanks to federal relief funding and stabilized operations, CareTrust REIT executives...

The Centers for Medicare & Medicaid Services has unveiled the names of nursing homes set to receive the COVID-19 point-of-care testing devices in its second wave.