I just thought of a scene from Dances With Wolves. Not because it takes place at “Fort Sedgwick” — though can there be a better reason? Not, because it inspired me to write this. But, because it’s been too long since I’ve written here.
“Why don’t he write?”
As a facility executive director and chief human capital officer at The Ensign Group for 13 years, there seemed to be endless material to write about. Since moving to the investing/financing side of Seniors Housing/Healthcare, I haven’t taken the time to write as often as before. But, I think that’s going to change.
I get asked regularly by analysts, investors, bankers, and other industry observers what I think about the constant breaking waves of news and changes in the skilled nursing business. Candidly, I’m frequently disappointed to see the over-reaction to those headlines by the market (and even by other REITs). Industry observers are quick to declare the death of the skilled nursing operators. It seems like there’s been some headline to that effect every year for the last 15 that I’ve been in the business. I add my voice to Mark Twain’s off-misquoted correction …
I remain as bullish as ever on skilled nursing because the best operators always find a way to adapt and thrive while the weaker ones fall. And, not that it takes one to know one, but it certainly helps.
Topics on the table right now include: Changes to the 5 star program, CJR (Comprehensive Care for Joint Replacements), Bundled Payments, ACOs, etc.