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CareTrust REIT Grows Again in Southern California
CareTrust REIT, Inc.May 4, 2021 GMT
SAN CLEMENTE, Calif., May 04, 2021 (GLOBE NEWSWIRE) CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it acquired El Centro Post-Acute Center, a 123-bed skilled nursing facility located adjacent to the El Centro Regional Medical Center in El Centro, California. The facility has been added to CareTrust’s existing master lease with San Diego-based Bayshire Senior Communities, which sourced the off-market transaction and turned to CareTrust to finance and close the deal.
Bayshire’s Chief Executive Officer, Scott Kirby, scooped up the El Centro opportunity after the facility had fallen out of contract with a previous buyer. “The seller had aggressive timing expectations after suffering through significant turnover within their management team, a recent COVID outbreak, the general fatigue of
California hospital leaders seek legislative reprieve for industry broken by COVID-19
Sacramento Bee 4/30/2021 Cathie Anderson, The Sacramento Bee
Apr. 30 The COVID-19 pandemic has left a majority of California s hospitals financially challenged, unstable and in some cases, broken, while proposed and existing state regulations are pushing them further over the brink, said the CEO of California s top hospital trade group.
Speaking to media in a conference call Wednesday, Carmela Coyle of the California Hospital Association said 58% of the state s hospitals operated in the red in 2020, up from 40% a year earlier, according to a financial analysis released by health-care management consultant Kaufman Hall. Coyle cited statistics but also asked hospital chiefs from El Centro Regional Medical Center in Imperial County, Enloe Medical Center in Chico and UC San Diego Health to join the call and report on how the challenges of the past year affected each of their
Imperial County staying afloat in orange tier for now
Fewer hospitalizations could help the County move in right direction of re-opening - News 11 s Arlette Yousif reports
IMPERIAL COUNTY, Calif. (KYMA, KECY) - Imperial County Public Health Department held its COVID-19 update Thursday along with Pioneers Memorial Health District (PMHD) and El Centro Regional Medical Center (ECRMC). There has been a slight uptick in COVID-19 hospitalizations in the Valley. However, the number of COVID-19 patients is still trending down.
Even with a minor setback, Imperial County could avoid stepping back into the red or more restrictive tier if numbers continue to improve.
Head injury victim died of heart attack, brother says
A man who died Monday at El Centro Regional Medical Center after being found unconscious with a head injury in a driveway of the 400 block of Neckel Road actually died from a heart attack, according to a family member.
Russel Reeves left his job at Western Mesquite Mines early Monday about 8:15 a.m. after he reportedly began feeling ill, according to a family member who identified himself as his brother, Jarrad Reeves.
Jarrad Reeves said Russel took about two steps from his pickup after arriving home when he apparently collapsed and hit the back of his head, resulting in the head injury.