- In March 2024, EvergreenHealth formed a partnership with a local technology firm to implement an innovative remote patient monitoring system designed to improve care coordination and patient outcomes. This collaboration aims to leverage advanced technology to enhance real-time monitoring, providing healthcare providers with timely data to make informed decisions and deliver more effective care. This initiative is particularly relevant to the global nursing homes and long-term care facilities market, as it highlights the growing integration of digital health solutions in long-term care settings
- In September 2023, Singapore Life Limited entered into a strategic collaboration with the Agency for Integrated Care (AIC) and Homage to enhance access to long-term care services in Singapore. This partnership aims to offer a more comprehensive and integrated care model, focusing on improving the quality of support for the elderly and individuals requiring long-term care services. The initiative seeks to streamline the delivery of care, making it more accessible and efficient for patients in need. This collaboration is particularly relevant to the global nursing homes and long-term care facilities market, as it reflects the increasing trend of integrating digital health solutions and collaboration between private and public sectors to address the growing demand for eldercare
- In May 2023, Omega Healthcare successfully acquired 18 skilled nursing home facilities located in West Virginia for USD 233 million. This acquisition significantly enhances Omega Healthcare’s operational capabilities, ensuring the seamless management and continued high-quality service delivery at these facilities. It further strengthens the company's presence in the region and expands its portfolio of care offerings. This strategic move is particularly relevant to the global nursing homes and long-term care facilities market, as it underscores the ongoing consolidation within the sector and the growing demand for high-quality, skilled care services
- In July 2022, the Centers for Medicare & Medicaid Services (CMS) introduced an enhanced Nursing Home Five-Star Quality Rating System. This updated system incorporates additional data on nursing home staffing levels, specifically focusing on weekend staffing rates for nurses, as well as information on annual turnover rates among nurses and administrators. These updates provide a more comprehensive and accurate assessment of nursing home quality, helping consumers make better-informed decisions regarding care options. This development is highly relevant to the global nursing homes and long-term care facilities market, as it emphasizes the increasing importance of staffing levels and employee retention in evaluating the quality of care
- In February 2022, Extendicare, a leading Canadian provider of long-term care services, completed the acquisition of a 15% managed interest in 24 long-term care homes previously operated by Revera. In addition, Extendicare entered into a redevelopment joint venture with Axium, which effectively doubled its assisted living portfolio, bringing the total number of long-term care facilities to 56. This strategic expansion significantly enhances Extendicare’s market presence and capabilities. This move is highly relevant to the global nursing homes and long-term care facilities market, reflecting the ongoing trend of market consolidation and strategic partnerships within the sector
