Seniors Housing M&A Year End Review and Outlook: Momentum Vs. Economic Challenges

Recorded February 16, 2012

In 2011, the seniors housing and care M&A market boasted its strongest year since the peak of the market in 2006-2007. Find out what happened to the average price per unit for assisted living facilities, the average price per bed for skilled nursing facilities, and cap rates for assisted living facilities and skilled nursing facilities in 2011 as we release our preliminary data on the M&A market. High quality properties, low interest rates and aggressive bidding fueled positive results, but a CMS Medicare cut late in the year dampened some investors’ interest in skilled nursing. 2012 may be a crossroads for M&A. Many looming issues have the potential to collide with the forces that have propelled the market to its recent height. Will the volume of high quality communities for sale decrease? Will companies and investors continue to invest in SNFs when Medicare and Medicaid seem to be under constant pressure for rate reductions? Will REITs return in force after completing nearly $20 billion of acquisitions in a 12-month period? Our panel of experts have the information you need to navigate the M&A market in 2012.

 
ORDER A RECORDING AND TRANSCRIPT TODAY for this unique webcast and discover the details of the 2011 M&A market, including its immediate impact on 2012 from our panel of leading industry experts—without ever having to leave your desk:

 

Are buyers paying too much just because capital is relatively cheap, and if so, what does that mean for the future?
Will the recent spate of CCRC bankruptcies hurt the reputation of the seniors housing industry?
How should buyers risk adjust for SNF acquisitions in today's risk-heavy environment?
Extensive analysis of 2011 M&A statistics by industry experts
Who will be the buyers of high-end communities?
Is another Medicare cut in the works?
PLUS...your chance to ask our panel of experts your questions on the M&A market.

 

Panel of Experts:

Larry Cohen, CEO of Capital Senior Living
Larry Cohen is Vice Chairman of the Board and Chief Executive Officer of Capital Senior Living Corporation. Mr. Cohen serves on the boards of various charitable organizations and was a founding member and is on the executive committee of the Board of the American Seniors Housing Association. From 1991 to 1996, Mr. Cohen served as President and Chief Executive Officer of PaineWebber Properties Incorporated, which controlled a real estate Read More
CEO of Capital Senior Living
Phil Anderson, Senior Managing Director of Cushman-Wakefield Long-Term Care
Mr. Anderson  also Co-Heads CWSG’s Senior Housing Practice. Mr. Anderson joined the Company in 2011 and is responsible for originating, structuring, selling and placing debt and equity investments nationally on Senior Housing and Healthcare related properties. Prior CWSG, Mr. Anderson served as Chief Operating Officer and Executive Vice President of CNL Retirement Properties, Inc., a $5.3 billion real estate investment trust ( Read More
Senior Managing Director of Cushman-Wakefield Long-Term Care
George Hager, Genesis Healthcare
Genesis Healthcare is one of the largest skilled nursing operators in the country. Prior to becoming CEO, Mr. Hager was Executive Vice President and Chief Financial Officer and was responsible for corporate finance, information services, reimbursement and risk management. He joined Genesis in 1992 as Vice President and Chief Financial Officer and was named Senior Vice President and Chief Financial Officer in 1994. He has over 25 years Read More
Chairman and CEO, Genesis Healthcare
Danny Prosky
Danny Prosky is a founding principal of American Healthcare Investors and the president and chief operating officer of Griffin-American Healthcare REIT II.  He is also a member of the REIT’s board of directors. Prosky has spent the entirety of his 20-year career in the specialized field of healthcare real estate investment, where he has been responsible for more than 14 million square feet of acquisition transactions.  He Read More
Principal, American Healthcare Investors
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