60 Seconds with Swett: Deciphering the 2021 M&A Market
What to make of the 2021 senior care M&A market? Amid stagnant census, rising labor costs and media glare, average skilled nursing facility values went up last year, according to our in-house statistics. Meanwhile, seniors housing values fell slightly and remain well off pre-pandemic levels. But there has to be more behind these numbers. What factor does building age play in pricing, or location, trailing occupancy? What did buyers care about in 2021, and make them push their bids up? Or down? We’ll cover these topics in our annual Senior Care Acquisition Report, to be published later this month, but for those of you who want a preview of our 2021 M&A statistics, plus expertise... Read More »
60 Seconds with Steve Monroe: The Right Place, Right Time
Are you tired of your sales and marketing staff wasting precious time with leads who either aren’t going to move in, or just plain don’t know what they want? Then have them read Ryan Frederick’s new book Right Place, Right Time: The Ultimate Guide to Choosing a Home for the Second Half of Life. Ryan is the CEO of SmartLiving 360. The book was actually written for the consumer to help them better navigate the choices of where and how to live later in life. But, it can serve as a very useful guide for senior living sales staff to consider what people are going through and to better formulate some of their questions for the prospects. The book’s various chapters cover such topics as: are you... Read More »
January M&A Activity Was the Busiest On Record – 60 Seconds With Ben Swett
January 2022 is in the books, and seniors housing and care M&A activity hit an all-time record in the month, according to our LevinPro LTC database. There were 66 individual deals announced, beating the previous record set in December 2020 with 60 deals, which was a bit of an outlier back then. Our LevinPro database counts deals based on when they are publicly announced either by a press release or to us directly, so a large number of these 66 transactions actually closed at the end of 2021. But December’s M&A total reached 56 transactions, the third-highest monthly total on record, so we are indeed in the middle of the busiest M&A period ever seen in our industry. And based on... Read More »
60 Seconds with Ben Swett: Healthcare and Senior Care M&A Surges
Barely into 2022, we can safely say that the M&A floodgates have opened in the senior care market. We already announced that dealmaking hit a record-high in terms of activity in the fourth quarter of 2021, with 135 deals and counting, and we have to point out that our sister publication covering the healthcare market tracked a record-number of 2,145 transactions in the other 12 healthcare sectors combined in calendar year 2021, which is a 44% increase from the previous annual record-high of 1,490 deals in 2018. We have never seen numbers like these, but what is even more impressive is that with every passing day in 2022, we learn of more and more closings that occurred in the last week... Read More »
60 Seconds with Ben Swett: Occupancy Growth Slows in Q4
We are starting to get glimpses of seniors housing occupancy growth in the fourth quarter of 2021, and the only good news so far is that there at least haven’t been losses in average census. First, NIC announced that seniors housing occupancy rose to 81.0% in Q4, a 100-basis point increase from Q3’s average and 230 basis points higher than the pandemic low from Q2. Not great, considering the low basis the sector is coming from. Then, Welltower came out with its business update and its US SHOP portfolio gained 80 basis points in occupancy in Q4, but there was no gain in December. From its pandemic low in February 2021, Welltower has been able to improve US SHOP occupancy by 670 basis... Read More »Schedule a demo
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