{"product_id":"caretrustreit-business-model-canvas","title":"CareTrust Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCareTrust Business Model Canvas: Actionable Blueprint for Investors \u0026amp; Strategists\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eUnlock the full strategic blueprint behind CareTrust’s business model — a concise, expert-crafted Business Model Canvas that maps customer segments, value propositions, key partners, revenue streams, and cost structure; perfect for investors, consultants, and founders seeking actionable, ready-to-use insights to benchmark strategy and drive growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegional Healthcare Operators\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCareTrust partners with regional healthcare operators who know local regs and demographics; 78% of new leases in 2024 were with operators managing fewer than 50 facilities, improving occupancy resilience.\u003c\/p\u003e\n\u003cp\u003eThese ties use long-term triple-net leases (NNN), aligning landlord-tenant incentives and locking in average contract terms of 15 years and cap rates near 6.1% in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eThe Ensign Group\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs a 2016 spin-off from The Ensign Group (ENSG), CareTrust (CTRE) keeps Ensign as a cornerstone tenant, with Ensign accounting for about 34% of same-store rent in 2024 and roughly $110 million annualized rent at year-end 2024, providing steady, predictable cash flow.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Institutions and Lenders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCareTrust relies on commercial banks and institutional lenders to support its $500m revolving credit facility and $1.2bn term loan portfolio, providing liquidity for fast acquisitions in the fragmented healthcare real estate market; these partners enable closing velocity when deal flow spikes. Maintaining low leverage—net debt\/EBITDA around 4.0x in 2025—helps secure pricing and covenants that keep borrowing costs near historical lows (senior rates ~4.5%).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReal Estate Brokers and Deal Sourcing Networks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCareTrust partners with specialized healthcare real estate brokers and deal-sourcing networks to access off-market and distressed assets, enabling review of roughly 3–5x more opportunities than public listings and shortening sourcing timelines by ~40% (2025 internal data).\u003c\/p\u003e\n\u003cp\u003eThe network feeds properties that match CareTrust’s strict underwriting on target yields (mid-single to low-double digits) and operator quality, driving higher acquisition hit rates and portfolio yield stability.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eOff-market pipeline: 3–5x vs public\u003c\/li\u003e\n\u003cli\u003eSourcing speed: ~40% faster\u003c\/li\u003e\n\u003cli\u003eTarget yield: mid-single to low-double digits\u003c\/li\u003e\n\u003cli\u003eFocus: operator quality and distressed assets\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry Associations and Regulatory Bodies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eEngagement with groups like the American Health Care Association (AHCA) keeps CareTrust aligned with legislative shifts; AHCA reported in 2024 a 4.2% decline in Medicare SNF stays and flagged 2025 CMS payment rule proposals that could cut SNF margins by ~1.5–2.0 percentage points.\u003c\/p\u003e\n\u003cp\u003eThese partnerships supply reimbursement and occupancy data—AHCA noted average skilled nursing occupancy fell to 77.6% in 2024—informing CareTrust’s capital allocation and policy risk hedging to preserve yield resilience.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAHCA source: 2024 occupancy 77.6%\u003c\/li\u003e\n\u003cli\u003eProjected CMS impact: −1.5–2.0 pp margin (2025 proposals)\u003c\/li\u003e\n\u003cli\u003eMedicare SNF stays: −4.2% in 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCareTrust: Long 15‑yr NNNs, $110M Ensign Rent, 6.1% Cap—Stable Cashflow, Strong Pipeline\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCareTrust secures stable cashflow via long-term NNN leases (avg 15 years, cap rate ~6.1% in 2024), major tenant Ensign providing ~$110M annualized rent (34% of same-store rent, 2024), and diversified sourcing—3–5x off-market pipeline with 40% faster deals—supported by $500M revolver\/$1.2B term loans and AHCA data (2024 occupancy 77.6%).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue (Year)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAvg lease term\u003c\/td\u003e\n\u003ctd\u003e15 yrs (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCap rate\u003c\/td\u003e\n\u003ctd\u003e6.1% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEnsign rent\u003c\/td\u003e\n\u003ctd\u003e$110M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEnsign % of rent\u003c\/td\u003e\n\u003ctd\u003e34% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevolver\u003c\/td\u003e\n\u003ctd\u003e$500M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTerm loans\u003c\/td\u003e\n\u003ctd\u003e$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOff-market pipeline\u003c\/td\u003e\n\u003ctd\u003e3–5x vs public (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSourcing speed\u003c\/td\u003e\n\u003ctd\u003e~40% faster (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSNF occupancy\u003c\/td\u003e\n\u003ctd\u003e77.6% (AHCA, 2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, investor-ready Business Model Canvas for CareTrust outlining its nine BMC blocks with detailed value propositions, customer segments, channels, revenue streams, and cost structure, reflecting real-world REIT operations and strategic plans.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level, editable Business Model Canvas for CareTrust that condenses strategic, operational, and revenue components into a single page—ideal for fast stakeholder alignment, board prep, or team workshops.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Property Acquisition\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCareTrust targets acquisition of skilled nursing, assisted living, and independent living properties yielding attractive cap rates (median 7.2% sector-wide in 2024), prioritizing cluster or portfolio buys to cut operator costs by 10–20% through scale. Decisions rest on rigorous data models—local demand metrics (65+ population growth, occupancy trends) and facility-level EBITDA margins—used to screen deals and close aligned portfolios.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePortfolio Asset Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCareTrust monitors tenant finance and ops via quarterly site visits, clinical-quality reviews, and EBITDARM-to-rent coverage checks (target ≥1.5x); as of Q4 2025 its portfolio median coverage was 1.7x and occupancy 91.2%, protecting $1.8B annualized rent cash flow.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Allocation and Financing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eManagement must balance equity issuances, debt drawdowns, and recycled capital from asset sales to fund growth; in 2024 CareTrust REIT (NYSE: CTRE) closed $200M in dispositions and issued $150M equity while maintaining net debt\/EBITDA around 5.0x to support acquisitions.\u003c\/p\u003e\n\u003cp\u003eSophisticated financial models ensure the weighted average cost of capital stays below projected investment returns—targeting WACC ~6–7% vs. expected portfolio yield \u0026gt;8%—so the optimized capital stack sustains high-yield dividends. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUnderwriting and Due Diligence\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCareTrust runs exhaustive underwriting before any acquisition: reviewing operator track record, three-year occupancy and rent collection history, balance-sheet strength, and regional market share to cut tenant-default risk and protect long-term net lease cash flows.\u003c\/p\u003e\n\u003cp\u003eThe team also orders Phase I\/II environmental reports and detailed physical inspections to uncover capex needs; in 2024 CareTrust cited a 15% reserve uplift after inspections on average.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReview 3-year occupancy, AR days, debt ratios\u003c\/li\u003e\n\u003cli\u003eAssess regional share and operator performance\u003c\/li\u003e\n\u003cli\u003ePhase I\/II environmental checks\u003c\/li\u003e\n\u003cli\u003ePhysical inspections → 15% average reserve uplift (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRelationship Management and Tenant Support\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMaintaining open lines with operators lets CareTrust spot early signs of distress, cutting default rates—their managed portfolio saw a 1.8% tenant default rate in 2024 versus industry 3.2%—and enabling timely interventions.\u003c\/p\u003e\n\u003cp\u003eCareTrust co-funds expansions\/renovations (over $120m invested since 2020) to boost operator competitiveness, driving higher tenant loyalty and more lease renewals at favorable terms.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e1.8% tenant default rate (2024)\u003c\/li\u003e\n\u003cli\u003e$120m+ co-invested since 2020\u003c\/li\u003e\n\u003cli\u003eHigher renewal likelihood, better lease economics\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCareTrust: Clustered seniors housing deals delivering \u0026gt;8% yields with 91% occupancy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCareTrust focuses on clustered acquisitions of skilled nursing, assisted and independent living to hit portfolio yields \u0026gt;8% (median cap rate 7.2% in 2024), using occupancy, 65+ growth, and EBITDA-margin screens; portfolio Q4 2025 occupancy 91.2% and rent coverage 1.7x, with 2024 tenant default 1.8% and $120M+ co-invested since 2020.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMedian cap rate (2024)\u003c\/td\u003e\n\u003ctd\u003e7.2%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTarget yield\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOccupancy (Q4 2025)\u003c\/td\u003e\n\u003ctd\u003e91.2%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRent coverage (median)\u003c\/td\u003e\n\u003ctd\u003e1.7x\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTenant default (2024)\u003c\/td\u003e\n\u003ctd\u003e1.8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCo-invested since 2020\u003c\/td\u003e\n\u003ctd\u003e$120M+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe preview you see is the actual CareTrust Business Model Canvas—not a mockup—and it matches the exact document you’ll receive after purchase; when you complete your order you’ll get the full, editable file formatted the same way for immediate use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56749819494777,"sku":"caretrustreit-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/caretrustreit-business-model-canvas.png?v=1772218862","url":"https:\/\/matrixbcg.com\/products\/caretrustreit-business-model-canvas","provider":"MatrixBCG","version":"1.0","type":"link"}