As we look back on 2022, in terms of M&A, it was a tale of two years, split by a low-interest rate environment in the first half and high rates in the second half which killed many deals and sunk most property values. Signs from the Fed point to interest rates remaining around this elevated level, or even higher, for most of 2023, so the M&A market of this year will likely look very similar to the market of the second half of last year.
So, it could be helpful to know where did values settle across the different sectors and property types last year? How did a property’s age, quality, occupancy, operating margin or location affect its valuation? How have buyers’ strategies shifted amid higher capital costs, who would (or should) sell in today’s market, and where are bid-ask spreads now? And finally, what should dealmakers and stakeholders in the seniors housing and skilled nursing industry be prepared for in 2023 and 2024?
I’ll be asking these questions and many more to a panel of active dealmakers in our webinar next Wednesday, February 22nd at 1pm ET called, “2022 M&A Results and Valuation Statistics” where viewers can also get a preview of the key M&A statistics from our annual Senior Care Acquisition Report, which will be published next month. See you then.
