We are starting to stand back and assess the 2022 M&A market for our soon-to-be-published Senior Care Acquisition Report, and joining us today, February 22 at 1pm ET for our webinar will give you a preview of those statistics and analysis on the seniors housing and skilled nursing markets, but we want to kick things off with a look at the average price per bed paid for SNFs last year.
Last year was arguably the strongest market for SNFs in history, with well capitalized buyers, among them private real estate investment firms, family offices and regional owner/operators, creating incredibly active bidding environments for facilities of all qualities and profitability. And that was reflected in the average price per bed rising to a record-high of $114,200 per bed in 2022, which is also the first time the average has popped above $100,000 per bed, ever.
Even as the lending environment grew more difficult as the year went on, we consistently heard that the SNF market was holding up relative to previous years and to other sectors, even if prices had fallen 20% to 25% from their spring and summer peaks, and the average price per bed for the last four months of the year did drop to $101,700, compared with $127,500 in the first eight months of the year, for a drop of 20%.
