For a sector that has taken as many punches as it has in the last couple of years, the ever-resilient SNF market is still generating significant interest from investors that is pushing valuations to near-record highs. We still wonder who these buyers are, whether any are new to the sector and what their future expectations are surrounding census, payor mix, rates and labor costs to ensure these investments remain profitable in the years ahead.
It also appears that values are up for both stabilized and non-stabilized facilities, so owners large and small could be tempted off the M&A sidelines in 2022 leading to a boom in transaction activity. A lot would have to depend on what happens with the staffing shortage and the future of government aid.
Tomorrow, Thursday the 16th, we will be hosting a webinar that we hope will answer all of these questions, and those of our viewers too. Joining me will be a couple of guys very active in the SNF M&A market this year: Matt Alley of Senior Living Investment Brokerage and Josh Simpson of Meridian Capital Group. Plus, Steve Monroe will be sharing his thoughts. We’ll see you tomorrow.
