Senior Care Prospects Dimming With Investors
Investors are selling senior care stocks, and perhaps because occupancy is in a rut with increasing construction starts. So, what are we to make of the dismal start of the New Year? Investors have hammered away at senior care stocks, and it has been ugly. On Monday, Brookdale Senior Living, Capital Senior Living, Genesis Healthcare and Kindred Healthcare all hit new lows. Who would have thought? Is it a sector problem with investors, or are they nervous about the near-term future? Last week NIC MAP released its fourth quarter occupancy numbers, and while some analysts saw the positive side of a slight sequential increase in overall seniors housing occupancy, the reality is that it is still... Read More »2015 Closes With a Surge in M and A transactions
With 38 deals and counting in December, the fourth quarter set a record with 104 announced seniors housing and care acquisitions. Not even the recent deep freeze that has hit the northeast could slow down the deal making at the end of the year and into 2016. And what a year it was. On the last two days of December alone, we recorded 11 closed transactions with a total value in excess of $300 million, and more keep showing up in our in boxes. That put December’s totals at 38 acquisitions in the seniors housing and care space, and a record-busting 104 transactions in the fourth quarter alone. Perhaps that is why so many people are predicting a slower 2016. But not so fast. New deals have... Read More »Merry Commissions
A year-end tribute to the seniors housing and care brokers. Twas the night before Christmas and all through the building Not a broker was stirring, not even Brad Clousing The listings were hung by Mike with care In hopes that Chris Brogdon soon would be there. Myers and Jandris were all snuggled in their beds While visions of commissions danced in their heads And Knapp in his kerchief, and Gianinni in his cap Had just settled their brains for a long winter’s nap. When out on the lawn, there arose such a clatter Bruce Gibson sprang into action to see what was the matter The PE firms were in the hunt, the REITs were still hungry It looked like it was all up to Allen McMurtry.... Read More »The Santa Stock Rally Is Stalling
We were supposed to see stocks rise this month, but so far the market is down as are seniors housing stocks. So what happened to the Santa rally? While we still have a few weeks to go before the end of the year, the markets have been sinking, and almost all seniors housing and care stocks have dropped, with Brookdale Senior Living falling the most, with a loss in value of 12% since November 30. It has now dropped below the psychologically important $20 threshold, and any bad news could add insult to injury. The others are closer to a mid-single-digit decline this month, but with one glaring exception. That is The Ensign Group, which is up just over 2% this month as it keeps chugging along... Read More »Record Senior Care M&A Year
With one month to go, and a busy one at that, we have surpassed 300 announced mergers and acquisitions, setting a new record. We have just passed last year’s total number of publicly announced seniors housing and care acquisitions, breaking through the 300-deal mark as of November 30, with one month left to go. I am beginning to wonder whether the binding of our annual Senior Care Acquisition Report will be strong enough to contain what is sure to be more than 300 pages of charts and deals covering 2015. So, are we at a market peak or not? Certainly not in terms of investor interest in buying properties across the seniors housing and care spectrum. But pricing most definitely has hit its... Read More »Schedule a demo
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