• Sonida Senior Living Grows For The Future

    The last to report 2024 earnings in our sector, Sonida Senior Living turned in a decent fourth quarter, but maybe not as good as they were hoping for. They are looking to the future, however, and not past performance, and are gearing up for growth.  While the same-community occupancy of 86.6% in the fourth quarter is certainly above average... Read More »
  • 60 Seconds with Swett: The Demand for SNFs

    We had a fantastic webinar last week that covered our recently published valuation statistics from The Senior Care Acquisition Report but also how valuations, the lending environment and M&A strategies are changing in 2025, so far. Jason Punzel of Senior Living Investment Brokerage, Steve Munn of VIUM Capital and JP LoMonaco of CBRE joined me... Read More »
  • NHI Acquires in New Jersey

    National Health Investors invested $46.3 million, or $386,000 per unit, inclusive of transaction costs, for the acquisition of a seniors housing community in Bergen County, New Jersey. Juniper Village at Paramus comprises 98 assisted living and 22 memory care units. The community has been operated by Juniper Communities since February 2021. The... Read More »
  • Growing Owner/Operator Acquires Illinois SNF/SLF

    Andrew Montgomery of Montgomery Intermediary Group announced a couple of transactions in Illinois and Mississippi. First was for a skilled nursing/supportive living facility in a small, rural Illinois market. The facility features over 130 SNF beds and SLF units and sold to a large owner group that invested alongside a growing owner/operator in... Read More »
  • Berkadia’s Recent Activity

    Berkadia Seniors Housing & Healthcare handled two separate transactions in Michigan and Tennessee. First, Berkadia sold and secured financing for Clinton Creek Assisted Living and Memory Care. The community is in the Detroit MSA and was 90% occupied at closing. It was financed with a bridge-to-HUD loan, representing 67% of the purchase price.... Read More »

Getting to the Truth with COVID and Senior Care

We all know that COVID-19 was not kind to the senior care industry. But we also have to be vigilant in communicating that it wasn’t as bad as the media portrayed it to be, at least with regard to mortality rates. Even the most respected media outlets, whether in print or on television, made it sound like all senior care facilities were death traps. This was all far from the truth. The reality is that slightly more than 50% of all facilities nationwide, from skilled nursing to assisted living to independent living, never experienced a COVID death. This is according to a study by NORC at the University of Chicago sponsored by NIC. Now, if they had been able to remove from the... Read More »
Brookdale Soars on Q3 Earnings

Brookdale Soars on Q3 Earnings

As the largest seniors housing company, all eyes are always on Brookdale Senior Living and how it is performing. Investors seemed to like what they heard and saw after the company released its third quarter earnings report last Friday, sending the shares up by 14% to close at their highest level since August 2.  Part of the good news was that the company will start issuing earnings and cash flow guidance moving forward, something that Brookdale and most other companies suspended with the onset of the pandemic. In addition, they reported their eighth straight month of census increases dating back to the bottom in February. In February, the weighted average occupancy was 69.4%... Read More »

Ventas Reports an Up and Down Quarter

Several publicly traded REITs announced their third quarter earnings results at the end of last week, and the results were a mixed bag. Welltower released some very positive occupancy news, as well as four major portfolio acquisitions, signaling its confidence in the seniors housing industry. On the flip side, WELL’s total portfolio same store NOI declined 5.3% year over year, and 7.1% from the previous quarter, while its operating margins and lease coverages continued to deteriorate. For more details on the REIT’s third quarter results, read about them here.  Ventas followed soon afterwards with its own earnings release, and there was also both good news and bad. The company reported its... Read More »
The Ensign Group Shines, Again

The Ensign Group Shines, Again

We have still not figured out how The Ensign Group continues to outperform the rest of the skilled nursing industry when so many companies and providers are still hurting, with many of them still not able to make lease payments in full. For the past year, we have wondered if the only way to perform as well as they have is to cook the books, so to speak. That idea was discarded, and while we know they operate their model with each facility run by a mini-CEO with full local decision-making responsibilities and run it successfully, we continue to scratch our heads and wonder why others can’t do what they do. It just must be the culture, but obviously, one that needs to be mimicked by others,... Read More »
Shareholders Approve Capital Senior Living Restructuring

Shareholders Approve Capital Senior Living Restructuring

Last Friday, Capital Senior Living announced that shareholders approved the amended agreement with Conversant Capital to provide needed funds to stabilize the company while it continues to work on increasing census, as well as funds for future growth. This involves plans to raise up to $154.8 million in various financings. This was based on preliminary vote estimates taken after the shareholder vote on Friday.  The news of the presumed approval, without giving the breakdown of the voting, sent the shares up by 2.38% to close at $29.68. That is a far cry from where they traded last July. The day before they hit a low of $25.85 during the day, which was the lowest price since August 13. Keep... Read More »
Interview with Scott Tittle of VIUM Capital

Interview with Scott Tittle of VIUM Capital

The SeniorCare Investor Editor Ben Swett sits down with VIUM Capital’s Head of Government Relations and External Affairs to discuss the latest round of provider relief, its potential effects on the M&A market, and the scrutiny of private equity deals. Read More »