Skilled Nursing News February 14, 2025
CareTrust REIT (NYSE: CTRE) executives said Thursday that they have no plans to slow down dealmaking in 2025, noting that the fundamentals for skilled nursing remain strong. They anticipate no major disruptions from potential Medicaid or Medicare changes under the new administration, high interest rates, and exposure to PACS Group (NYSE: PACS) holdings.
“Financial markets, and the REIT sector in particular, faced serious challenges [over the last two years]. However, because we had driven down leverage and built up our dry powder, we were uniquely positioned to capitalize on a window of opportunity that opened,” CareTrust’s president and CEO Dave Sedgwick said during the company’s quarterly conference call. “The elevated rates drove many banks and investors to the sidelines and...
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