Bank and finance company executives have found skilled nursing facilities (SNFs) to not only be increasingly changing hands in the last year, but are also changing from a tax-exempt, not-for-profit status to a for-profit facility, Skilled Nursing News reports.
That’s according to commentary collected during an executive survey published by speciality investment bank Ziegler and the National Investment Center for Seniors Housing & Care (NIC).
Don Husi, managing director of the senior housing and care finance team at Ziegler, said the shift from not-for-profit to for-profit SNFs via transactions is a trend five years in the making, but like many industry trends was expedited by the pandemic. Read more.
