Mandate will ‘escalate’ buyer concerns about SNF operations

A proposed federal staffing mandate has the potential to scare off investment that is badly needed in the skilled nursing sector, a seasoned investment banking and restructuring expert tells McKnight’s. In this episode, Matt Caine, managing director of SOLIC Capital Advisors, warns there is “no question” the rule and its launch during a broad-scale healthcare labor crisis would lead to more skepticism about the market. “Time and time again, the shortages with respect to staffing continue to be a recurring theme and key element of diligence inquiry with respect to would-be investors, partners and buyers,” Caine tells McKnight’s Long-Term Care News Senior Editor Kimberly Marselas. “That’s only going to escalate.” Listen in to learn more about Caine’s concerns and his thoughts on making it fair and workable.