Skilled Nursing News September 27, 2022
“Wild” and “crazy” are adjectives that describe aspects of the skilled nursing business at the moment, according to Health Dimensions Group (HDG) CEO Erin Shvetzoff Hennessey.
Labor is “just wild,” she told Skilled Nursing News during an interview at the recent National Investment Center for Seniors Housing & Care (NIC) conference in Washington, D.C.
And the high prices that skilled nursing facilities have commanded in M&A transactions have been “crazy,” she said.
Attractive prices were one driving factor behind two recent SNF dispositions that HDG completed. But those deals were also part of a larger, ongoing strategy to rebalance HDG’s book of business, which Shvetzoff Hennessey has been pursuing since she became CEO in 2018.
That effort has involved expanding...
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