Brookdale Reports Highest Occupancy Since March 2021
While we would hope that seniors housing companies are reporting their highest occupancy levels since the bottom of the COVID market in March 2021, Brookdale Senior Living did it in pretty good fashion. Brookdale finally topped 80% in month-end occupancy for August, reaching 80.4%, or a 50 basis-point increase over July. It also represented a 110-basis point increase from a year ago. Weighted average occupancy reached 78.9% in August, a 30-basis point sequential increase and a 130-basis point increase year over year. We would expect solid census increases in the traditionally strong third quarter, so this was not a surprise. But they will have to maintain these improvements through the... Read More »
60 Seconds with Swett: Rates Tumble on Eve of NIC
Two years ago at the NIC Fall Conference, the spike in interest rates, with the 10-Year Treasury rate heading above 3.5%, seemed to spook many investors, as deals started disintegrating left and right. That did not help to lift the mood of everyone there. Then, last year, on the eve of NIC, rates were again spiking, this time above 4.5% and heading to 5.0%. The Fed may have stopped its rate increases, but the costs of borrowing were not on the decline. At least there was a belief that the worst had passed, or at least we were in the middle of the worst. Again, did not lift the spirit of the thousands of NIC attendees, and thank you for the open bars. Now, we are approaching another... Read More »Spotlight on Senior Care M&A, Sixth Edition
The SeniorCare Investor is releasing a mid-year update of its key valuation statistics for the assisted living, independent living and skilled nursing sectors in its latest report: Spotlight on Senior Care M&A. Check out the average prices and cap rates, as well as analysis of industry headwinds and tailwinds. Read More »
Mid-Year Update: Senior Care M&A Valuations (Sponsored by HealthTrust)
The SeniorCare Investor presented the latest M&A and valuation statistics derived from its proprietary database, updated for the last four-quarter period, in its latest webinar, Mid-Year Update: Senior Care M&A Valuations. Panelists Colleen Blumenthal, MAI Chief Operating Officer of HealthTrust, Joel Mendes, Managing Director, JLL, Seniors Housing Capital Markets, and Josh Simpson, Managing Director of Meridian Capital Group, discussed current trends in the market, potential pitfalls to avoid in the dealmaking process and 2025 M&A strategies with moderator Ben Swett, Managing Editor of The SeniorCare Investor. Read More »
60 Seconds with Swett: M&A and Financing Markets Breaking Loose
We have to say that there seems to be a good amount of optimism out there, despite an uncertain economy, an unsettling election cycle and constant pressure on operators to increase census and cash flow. Rates have a lot to do with it, as the 10-Year Treasury rate appears to have settled below 4% and expectations of one and more likely two rate cuts are increasingly becoming consensus. That is far from a sure thing, but we have heard that even one rate cut could be enough to bring a lot of buyers, sellers and lenders back into the fold, with the reasonable assurance that rates have started their descent. We also spoke with a couple of lenders who described a much healthier debt and equity... Read More »Schedule a demo
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