A Webinar Wrap-Up on 2023 M&A Valuations
The SeniorCare Investor recently hosted a webinar titled “2023 M&A Valuations and 2024 Predictions” with moderator Ben Swett, Managing Editor of SCI, Managing Director of Senior Living Investment Brokerage Bradley Clousing, Senior Managing Director and Head of Healthcare Services of Oxford Finance Tracy Maziek, and Principal of Scribner Capital James Scribner. After a chaotic and difficult year, in this webinar, the panelists dissected what exactly happened in 2023, how values changed and what motivated buyer and seller decisions. The webinar kicked off with a review of many statistics available in the soon-to-be-published Senior Care Acquisition Report, starting with how M&A... Read More »
2023 M&A Valuations and 2024 Predictions
Senior care owners, operators, brokers and lenders had to adapt to a rapidly changing lending and M&A landscape in 2023, but what new hurdles (or opportunities) will 2024 bring? Join The SeniorCare Investor and a panel of experts to get a sneak peek of the 2023 M&A valuation statistics and a preview of what is to come in the market. Read More »
National Health Investors Rocks The New Year
Bucking the seasonality trend of January and first quarter blues, two of National Health Investors’ large seniors housing tenants posted increases in occupancy in January. Census at Senior Living Communities increased by 20 basis points in January to reach 83.3%. Meanwhile, Bickford Senior Living posted a 70-basis point sequential increase to 85.3%, matching the highest level it has seen in the past few years. The small SHOP portfolio of 15 communities was where the real growth occurred. January’s 30-basis point sequential increase to 84.7% was nice, but it was also 930 basis points higher than in January 2023. The fourth quarter saw a 420 basis-point sequential increase in occupancy and a... Read More »
Still Slow Go For Brookdale
Brookdale Senior Living is like an aircraft carrier. It takes a long time to change direction, and the current may change while making the attempt. Brookdale is the largest senior living company in the world, and while that fact can have its advantages (data collection, purchasing power, ancillary services, etc.), it can also work against you. In a recent study by NIC MAP of its data, they found that nearly one in three communities operated by “very large” companies have occupancy below 80%. We assume Brookdale is included in those statistics. Brookdale’s portfolio continues to lag behind the overall market with census improvement, and it remains under 80%. Consolidated occupancy in... Read More »
Is LTC Properties Ready To Grow?
There is no question that the operating environment, and investing environment, has been tough on REITs. Most have spent the past two years adjusting their portfolios, either selling properties that were not performing and had little likelihood of getting back on track, or switching out operators to new ones that had a better chance of succeeding. Often, it was both, including working on their capital structures. LTC Properties, with one of the smallest market caps ($1.3 billion) among the healthcare REITs, but also one of the most stable management teams, has worked on all three issues. Last year and the fourth quarter represented moves and changes that may put the REIT into a better... Read More »Schedule a demo
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