M&A activity in seniors housing and care in 2016 nearly matched that of 2015.
Our preliminary results are in, and in the senior housing and care market, 2016 looked very similar to 2015. The dollar value of publicly announced senior care M&A transactions was $14.4 billion last year, just edging out 2015’s $14.2 billion. The number of deals, however, declined by 6%, falling from 359 in 2015 to 337 in 2016. This latter number may rise as a few more disclosed deals are discovered, but it still ranks as the second most active year ever.
The dollar total for the fourth quarter of 2016 represented 45% of the year’s total, as a few large transactions came in, something that was in short supply during the first nine months of the year. But a lot of that involved reshuffling some portfolios, so we don’t read too much into it. All of the market and valuation statistics and analysis will be available in our upcoming Senior Care Acquisition Report, which will be the 22nd edition coming out later this quarter.
