Skilled Nursing News July 4, 2022
With the Biden administration looking to possibly clamp down on the role private equity and real estate investment trusts play in the nursing home industry, CareTrust REIT (NYSE: CTRE) CEO David Sedgwick says the company is poised for continued growth in the sector.
“We never took our foot off the pedal of acquisitions since Covid started,” he said of CareTrust’s growth strategy moving forward.
He is concerned about what could come to pass in the next 9 to 12 months, as relief funds run out while skilled nursing facilities face inflationary pressures, all while occupancy slowly recovers. But if this comes to pass, CareTrust also is prepared to make investments in distressed properties and has a stable of quality...
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