Money moves
CMS Posts Draft FY2027 SNF PPS Rule With 2.6% Net Increase
CMS released the draft FY2027 SNF PPS proposed rule projecting a 2.6% net payment increase, below the 2.8% floated in December after updated productivity adjustments.
Policy watch
Federal Court Grants Preliminary Injunction Pausing Staffing Mandate Penalties
A federal judge in Texas granted a preliminary injunction blocking CMS from imposing penalties for staffing mandate violations until the case is fully adjudicated, expected in Q3 2026.
Compliance
CMS Issues Largest-Ever SFF Termination Batch: 8 Facilities Decertified
CMS decertified eight Special Focus Facilities that failed to achieve substantial compliance after 18 months in the program, cutting off their Medicare and Medicaid funding.
Deal watch
PE Firm Exits SNF Investment With 2.3x Return After Five-Year Hold
Granite Point Capital sold its 32-facility SNF platform to a REIT for $390M, generating a 2.3x return on its 2021 entry investment of $170M.
The bottom line
The FY2027 rate picture is coming into focus at 2.6%, the staffing mandate just hit a legal speed bump, and PE exits are proving SNFs can be lucrative.