Seniors Housing and Care M&A Activity Rebounds Above 100 Deals in Q2:23
The number of publicly announced seniors housing and care acquisitions in the second quarter of 2023 rose to 110 deals, based on new acquisition data from LevinPro LTC. This represents an 11% increase from the 99 transactions disclosed in the first quarter of 2023, but a 25% decline from the 147 deals in Q2:22. In addition, the $1.29 billion spent on Q2:23 transactions fell by 4% from the $1.345 billion spent on Q1:23 transactions and by 63% from the $3.5 billion spent in the year-ago second quarter, based on disclosed prices. “Despite spiking capital costs and liquidity issues in the debt markets, buyers and sellers closed more transactions in the second quarter” stated Ben Swett, Editor... Read More »
Home Health & Hospice M&A Activity Increases 20% in Q2:23
Merger and acquisition activity in the Home Health & Hospice (HH&H) sector increased by 20% in Q2:23, according to data captured in LevinPro LTC’s sister platform, LevinPro HC. Despite this growth, the second quarter of 2023 also had a 14% decrease in activity compared with Q2:22, when 28 HH&H acquisitions were announced. The most active subsector in the HH&H space was home health with 12 deals, followed by home hospice and palliative care and durable medical equipment/respiratory home care each with five deals and multi-service with two deals. Additionally, private equity firms and/or their portfolio companies represented 33% of the buyers in the HH&H M&A market... Read More »
Healthcare M&A Volume Jumps in Q2:23, According to Acquisition Data from LevinPro HC
Healthcare merger and acquisition activity increased nearly 10% in the second quarter of 2023, hitting 696 deals, according to new acquisition data from LevinPro LTC’s sister platform, LevinPro HC. Activity in the second quarter was 8% higher than in the first quarter, when 646 transactions were announced. However, it is a drop of 7% compared with activity in the second quarter of 2022, when 748 deals were announced. Activity in sectors such as Physician Medical Groups and Other Services drove much of the volume, with 148 and 136 deals, respectively. Demand for healthcare real estate, such as medical office buildings and properties, has driven high deal volume in the Other Services for the... Read More »
Another Seniors Housing Conversion to Behavioral Health
Two Texas seniors housing communities found new owners, and a new calling as behavioral health facilities. The communities, totaling 120 units, are located in San Antonio and Dallas and were being divested by an undisclosed seller. Blueprint Healthcare Real Estate Advisors was brought on to sell the assets. With a Behavioral Healthcare group as well as its seniors housing and skilled nursing platform, Blueprint was able to underwrite both assets as seniors housing and as behavioral health conversion candidates. Ultimately, one regional and one national behavioral health provider were selected as acquirers, with both planning to make capital improvements and apply for new licensing. On... Read More »
Has There Been Any Progress on Labor?
What has changed with labor in the senior care industry over the last two years? Back in October 2021, LevinPro LTC hosted a webinar discussing the senior care industry’s staffing shortages with CEO of Dwyer Workforce Development, Barb Clapp, and Steve LaForte of Cascadia Healthcare. Those interested in watching Finding It, Retention & Coping with Higher Wages can find the replay link here. Two years later, with the same panelists, Managing Editor Ben Swett hosted Has There Been Any Progress on Labor?, detailing the industry’s path towards labor stabilization, what has gone right, and what still needs to be done. Clapp and LaForte discuss how staffing issues have altered since 2021,... Read More »Schedule a demo
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