While financial pressures have created challenges and precipitated closures for smaller mom-and-pop nursing homes, the trend has also meant opportunities for those looking to acquire and add scale. Operators who have recently acquired mom-and-pop or small facilities say the most important consideration when expanding a portfolio with mom-and-pops is getting to know the culture of the facilities. Engaged staff, quality vendor relationships and even a “family-like” atmosphere can be the most important indicators of the profitability and viability of the small acquisitions down the road, even if these facilities are struggling in other areas.
Read the full article: Expect ‘Skeletons’: With Mom-and-Pops at Breaking Point, Nursing Home Chains Hone Acquisition Practices //
Source: https://skillednursingnews.com/2023/10/expect-skeletons-with-mom-and-pops-at-breaking-point-nursing-home-chains-hone-acquisition-practices