Skilled nursing facilities’ outlook likely improved by Chevron ruling, says RBC

RBC Capital said the firm believes the U.S. Supreme Court overturning the Chevron deference is positive for the skilled nursing facility space, which includes American Healthcare REIT (AHR), Caretrust REIT (CTRE), Omega Healthcare Investors (OHI), and Sabra Health Care REIT (SBRA). The action will likely curtail federal agencies’ ability to interpret laws and make decisions in ambiguous situations, which could make it difficult for the Health and Human Services and Center for Medicare and Medicaid to impose new regulations on this space unless they were clearly given that power from Congress.