Skilled Nursing News February 25, 2020
Nursing home closures are on the rise, regardless of geography and quality ratings, according to a recent report authored by industry trade group LeadingAge — raising the possibility of market-specific supply shortages in the near future.
In fact, more than 550 facilities have closed between June 2015 and June 2019, with a steady increase in shut-downs over the three years: 328 of those closures, or 59% of the total, happened since June 2017, according to the study.
LeadingAge analyzed statistics from the Nursing Home Compare database, a detailed national and state-based occupancy and geography comparison from the Centers for Medicare and Medicaid Services (CMS). The group’s report pinpoints the most troubled...
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