Seniors Housing M&A Mid-Year Review and Outlook: Will Housing Market Woes and Medicare Cuts Keep Activity Down?

Recorded September 8, 2011

From the summer of 2010 through the first quarter of 2011, the seniors housing and care merger and acquisition market produced the highest level of activity ever in a nine-month period, posting more than $20 billion in transactions. Most of the dollar volume came from several large REIT acquisitions, but the transaction volume increased substantially as more buyers came back into the market and the supply of capital increased. Initially, it seemed as though M&A activity in 2011 would continue at this record-setting pace, but a host of developments have created a unique situation that is challenging the surge seen since the summer of 2010. Slow occupancy growth caused by the weak housing market and a stagnant economy, plus the looming 11.1% cut in overall Medicare reimbursement, are all threatening an impasse in the investment market.
 
ORDER A RECORDING AND TRANSCRIPT TODAY for this unique webcast and learn vital details about state of the seniors housing and care M&A market from our panel of leading industry experts—without ever having to leave your desk:

 

Can providers overcome these market and reimbursement challenges?
Will the near-term horizon result in a pull-back in buyer interest and values?
Are health care REITS satiated with their more than $20 billion of acquisitions in the last year? Or will they be back in the market taking advantage of their low cost of capital and lack of competition for large transactions? 
Can private equity compete with health care REITs?
Who will be completing the smaller transactions?
PLUS...your chance to ask our panel of experts your questions on the seniors housing acquisition market.

 

 

 

Panel of Experts:

Ms. Anderson joined Health Care REIT in 2010, and implements and contributes to the achievement of the company’s senior housing investment and growth objectives. Ms. Anderson has nearly 20 years of experience in the health care real estate industry. Prior to joining the company, she was Managing Director, Real Estate for GE Capital – Health Care Financial Services, where she led acquisitions of health care properties. Ms. Anderson Read More
Chief Acquisitions Officer-Seniors Housing, Health Care REIT, Inc
Boyd P. Gentry
Boyd P. Gentry, President and CEO, AdCare Health Systems Inc., is a seasoned healthcare executive who brings more than 25 years of experience to AdCare. He has extensive experience and knowledge in acquisition and divestiture pursuits as well as financing and capital markets activities. Boyd received his Bachelors of Arts in Economics from Knox College in Galesburg, Illinois, and earned his MBA in Finance and Accounting from Southern Methodist Read More
President and CEO, AdCare Health Systems Inc.
Patrick Hurst, National Director of Houlihan Lokey's Healthcare Group
Patrick Hurst, is the national director of Houlihan Lokey’s Healthcare Group and a Managing Director in the firm’s Chicago office. He has managed a wide variety of corporate finance and financial restructuring engagements in the healthcare industry.  He has been involved in numerous transactions involving nursing homes, hospitals, managed care companies, home care agencies and other healthcare providers as well as medical Read More
National Director of Houlihan Lokey’s Healthcare Group
Pat Mulloy
Pat Mulloy, President and CEO, Elmcroft Senior Living (formerly Senior Care, Inc.). Mr. Mulloy has led three successful senior housing companies in his career. In 2005, Mr. Mulloy and his partner, Tim Wesley, joined with Canadian senior housing investors, Barry Reichmann and Manfred Walt, to create Senior Care, Inc. That process involved acquiring and integrating four different senior housing companies. Senior Care, Inc. closed its capital Read More
President and CEO, Elmcroft Senior Living (formerly Senior Care, Inc.)
  Mr. Ordan was named chief executive officer of Sunrise in November 2008 after joining the Company in March 2008 as the chief administrative and investment officer. He also serves on the Company’s board of directors. Prior to joining Sunrise, Mr. Ordan was the chief executive officer and a director of The Mills Corporation. Previously, he founded and was chief executive officer of Fresh Fields Markets, served as chief executive Read More
Chief Executive Officer, Sunrise Senior Living Inc
Stephen Monroe
Stephen M. Monroe is a respected and often quoted industry leader. He is the managing editor and partner at Irving Levin Associates, Inc., a research and publishing firm founded in 1948. The firm specializes in the seniors housing and health care investment markets and delivers timely market intelligence to subscribers through financial newsletters, acquisition reports and databases. Mr. Monroe is the editor of The SeniorCare Investor, the Read More
Editor, The SeniorCare Investor