Distinctive Living Enters Tennessee Market
With the capital markets still dissuading many buyers from getting into the M&A market, we have seen more growth through the addition of new management contracts among many operators in the senior care industry. One company, Distinctive Living, expanded its portfolio to Tennessee after assuming management of The Village at Bellevue, an assisted living/memory care community in Nashville. The community features 69 AL and 18 MC units and marks Distinctive’s entry into the state. Distinctive has existing and to-be-built locations in Alabama, Connecticut, Florida, Georgia, Indiana, Maryland, Michigan, New Jersey, Ohio, Pennsylvania and Wisconsin. There are studio, one-bedroom and... Read More »
Continuum Advisors Launches New Brokerage Business
There’s a new brokerage and advisory firm in the seniors housing world. Launched by Jay Jordan and Dave Kliewer, both formerly of Grandbridge, Continuum Advisors will focus exclusively on national seniors housing investment sales. Already, the team has approximately $500 million in current engagements, and fresh off of another NIC conference, that figure is sure to increase soon. Jordan and Kliewer bring more than 40 years of experience in sell-side seniors housing representation, with the pair having sold over 200 seniors housing communities in 35 states. Before their three years at Grandbridge, both previously worked at Cushman & Wakefield, as well. Read More »
60 Seconds with Swett: Skilled Nursing M&A in 2023 and Beyond
Skilled nursing investors, operators and dealmakers have been on quite the rollercoaster the last several years, with COVID initially threatening the life of the industry quickly shifting to an exuberant M&A market that saw buyers clamor for facilities of all qualities, and paying up for them too. Now, higher capital costs have tempered some of that excitement, and the industry faces a new threat: the minimum staffing mandate. It is safe to say, the party is over, but M&A volume has not fallen off a cliff either. Neither have values. So, how are dealmakers evaluating this new market we are in, and how will investment strategies, the lending environment or valuations change? Join us... Read More »
Blueprint’s Recent Activity
We have said it before: the senior care M&A market has been an enigma. The difficult capital markets environment combined with operational distress in the industry has reduced buyer demand, increased lender scrutiny of deals and lowered values to a level that discourages potential sellers from entering the market. Headaches involving sourcing debt, soaring insurance costs and skittish (some would say fickle) buyers/lenders have made each transaction that much more difficult to complete. Despite all of this, M&A activity is, at first glance, still at historically high levels. In the third quarter of 2023, 115 deals were publicly announced. That is down from the 140 transactions made... Read More »
60 Seconds with Monroe: Finding A Solution For LTC Funding
My friend Stephen Moses, president of the Center for Long-Term Care Reform, has been a consistent and persistent advocate for reforming the Medicaid system and getting Americans out of the Medicaid-dependency mindset. He just published, with the Paragon Health Institute, the follow-on to his paper “Long-Term Care: The Problem.” Available now is “Long-Term Care: The Solution.” While I was hoping for something completely new and creative, I can’t disagree with his recommendations, which include 1) stop the ability to purchase Medicaid-exempt assets, 2) eliminate the home equity exemption, 3) ban Medicaid Asset Protection Trusts, 4) disallow Medicaid compliant annuities, and 5) increase the... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
