We had a fantastic webinar last week that covered our recently published valuation statistics from The Senior Care Acquisition Report but also how valuations, the lending environment and M&A strategies are changing in 2025, so far. Jason Punzel of Senior Living Investment Brokerage, Steve Munn of VIUM Capital and JP LoMonaco of CBRE joined me for the discussion and all had fascinating and useful takeaways on the current state of the market.
I ended the webinar with a question about what type of property each panelist would purchase themselves, if they had the equity to finance the rest of the acquisition with debt. Although much of the webinar centered around the seniors housing market, we did cover skilled nursing values and reimbursement trends as well, three of the four of us interestingly answered “a skilled nursing facility in a stable, attractive reimbursement state.” That included myself, as the question was flipped on me, with the stipulation that I had a sophisticated and experienced operating partner with strong referral networks and top-notch coding and billing practices, of course. In addition to the profitability we are seeing in that space from good operators in good markets, the long-term fundamentals of rising demand and limited supply growth are enticing, despite the premium you may have to pay now. And we’ve seen how strong pricing has been in recent years.
To learn about the other property types that may see the most buyer interest and pricing strength in 2025, LevinPro LTC and LTC News subscribers can email their Account Managers for a recording of the webinar.
