Non-Stabilized SNFs Drop in Value
We are fast approaching the publishing of our Senior Care Acquisition Reports, which we’ve split for the first time into the Skilled Nursing Acquisition and Investment Report and the Seniors Housing Acquisition and Investment Report. You can expect these Reports to hit your desk sometime in the next few weeks, if you order them, of course. In them, we’ve included more graphs, stats and analysis than ever before, along with comprehensive lists of the industry’s operators, private equity firms, REITs, lenders and brokers. Here is a taste of what you’d find: Source: The 2019 Skilled Nursing Acquisition and Investment Report Traditionally, we have defined stabilized occupancy for skilled... Read More »
Average SNF And Seniors Housing Prices Hit Four-Year Low
The headwinds facing skilled nursing and assisted living have finally had their impact on acquisition values. We are obviously not in good times right now, but it is also not as bad as it sometimes appears. The mood is cautious for most, but hopeful for many, as occupancy and labor continue to be the problem issues facing the entire industry. What I don’t like, however, is when news reports come out saying that 50% of SNFs nationally lose money. What they fail to say is that this is after depreciation, amortization, interest and lease expense. Before these costs, the vast majority of nursing facilities are still making money, just not as much as in the past. It looks like 2018 was finally... Read More »
Seniors Housing & Care Acquisition Stats
The Seniors Housing Acquisition and Investment Report, and the Skilled Nursing Acquisition and Investment Report will be coming soon with better data then ever before. We are closing out the 2018 data for our skilled nursing and seniors housing acquisition market statistics, which will be presented in two separate reports this year, to be released in March. They will be called the Seniors Housing Acquisition and Investment Report, and the Skilled Nursing Acquisition and Investment Report. Let’s just say that with a record number of publicly announced transactions last year, plus the private ones we receive, the quality of the data for this year’s reports is the best it has ever been. It... Read More »
Preliminary 2018 M&A Results Are In
The preliminary numbers are in, and 2018 has shattered the previous record for healthcare M&A deal volume with 1,850 transactions announced, and counting, according to Deal Search Online. That is more than 200 deals more than the previous record of 1,617 transactions announced in 2017. Of the 591 deals that disclosed a price across all 13 healthcare sectors, the total dollar volume comes out to about $330 billion, including two mega deals: Takeda Pharmaceutical Company’s $81.5 billion acquisition of rare disease pharmaceutical company Shire plc and Cigna’s purchase of pharmacy benefit manager Express Scripts for $67 billion. By contrast, 2017’s total reached $311.6 billion, the largest... Read More »
2018: The Year of the Senior Care Deal
Congress and the White House may be at an impasse, but seniors housing and care investors have been making deals at a record-setting pace in 2018. As of now, with a few days left before the usual end-of-year rush of closings, we have recorded 400 publicly announced senior care transactions so far this year. That both beats the previous record (365 deals announced in 2015) and crushes last year’s total of 307 transactions. Dollar value may be a different story when the year wraps up, as the total of all disclosed prices just tops $12.6 billion, the lowest annual sum since 2013’s $11.7 billion. But we have always said the health of the M&A market should be measured by the number of... Read More »Schedule a demo
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