CareTrust REIT is a real estate investment company that has worked closely with Eduro, already acquiring three skilled nursing facilities this year.  Despite having fewer acquisitions than normal in this year’s second quarter, CareTrust is optimistic about their strategic position in the skilled nursing field.  Chairman Greg Stapley commented on the recent changes within the field, stating the 2.4% increase to Medicare rates this October, as well as the advent of PDPM (Patient-Driven Payment Model) “have actually brought a welcome tailwind to the skilled nursing sector.” 

Chief Investment Officer Mark Lamb commented on the relationship with Eduro, stating their most recent acquisition has been “the third near-seamless transition that Eduro has executed with us this year, and brings our total investment year-to-date to approximately $57 million.”

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