Skilled Nursing News March 3, 2022
With most states operating under certificate of need (CON) laws and access to capital scarce for skilled nursing providers, new construction isn’t expected to pick up for skilled nursing until greater strides are made in COVID-19 recovery for the sector.
While there has been some momentum with federally and state-backed projects, primarily through the U.S. Department of Veterans Affairs, skilled nursing construction continues to be too risky and not attractive for private investors, leaders in the space say.
“In the private sector … the only thing I know that’s ever happening is the buying and selling of current properties, I don’t know of anybody who is building anything,” Douglas Hughes, deputy commissioner of veterans health care for the Minnesota Department...
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