Transcript
We know the market really turned a corner this June when 45 deals were announced after a rather tepid Spring, including three of the largest transactions seen in multiple years. And we’ll be talking about the importance of that month in the upcoming issue of The SeniorCare Investor.
Even July, when many of us hit the beach, or would like to, an impressive 35 transactions were publicly disclosed. But it appears that strength will continue into August, as 18 separate transactions have been announced in just the last few days. And we know of a couple of confidential transactions that could have boosted that number even more.
August’s M&A total will only grow as public companies report their earnings and previously undisclosed transactions throughout the month. All we can say is that we did not expect this considering the general consensus seemed to point to a slow summer, followed by a fourth quarter and 2022 that will go gangbusters. Who knows, if we record 60 transactions or more a month later this year, maybe we will look back on this summer as the calm before the storm. A good storm though.
