Quality of care

Higher acuity residents drove the price for skilled nursing facility bed prices to record high in 2013

The average price paid for a skilled nursing facility bed reached a record $73,300 in 2013, according to a recently released annual report published by Irving Levin Associates.

The price-per-bed number increased 21% from 2012, the report states. The numbers reflect census changes to include more high-acuity patients paying through Medicare or a managed care program. The latter group brings in a higher price per bed than those on standard Medicaid.

Assisted living demand remained strong in 2013, but the presence of “small and older communities” in the market helped account for a slight decrease in average price per unit, to $150,600. Overall, it was a record year for merger and acquisition activity, with 225 deals, according to the report. Transaction volume is expected to be similar or even higher this year.

To read more about this report, click here.