Senior Care Acquisition and Investment Market: A Mid-Year View from the Market Peak

Recorded September 12, 2007

The seniors housing industry is clearly at the top of its game. Practically anything purchased three years ago – a facility of any type, a share of publicly traded stock or of a REIT – that had seniors housing or care associated with it rose in value, and did so dramatically. Despite favorable demographics for the next 30 years, values may not be able to continue their three-year rise, and it will have nothing to do with a change in the strong industry fundamentals already in place.
 
All health care REIT stocks, as well as most publicly traded skilled nursing and assisted living company stocks, peaked earlier this year in what may be a sign of a market top.  And the acquisition market, while still strong, appears to be missing the same buzz that was unusually loud in 2005 and 2006.  The buyers may still be there, but the quantity of portfolios seems to be smaller. The question then becomes, will the current abundance of capital move on to the next best thing?  Or is it here to stay?   

Whether you believe that the seniors housing and care market is at a peak or not, you will not want to miss this webcast to get a sneak preview of mid-year acquisition statistics and to find out what the experts see on the horizon for values, deal volume and the supply of capital.

 

Panel of Experts:

  Jon E. Santemma is Managing Director in the UBS Global Healthcare Investment Banking Group. Jon E. Santemma has responsibility for health care services and has played a lead role in almost every senior housing transaction for UBS in recent years. Santemma is focused on the alternate site spectrum, including long-term care, assisted living, long-term acute care, hospice, rehabilitation and related areas, as well as health care REITs. Prior Read More
Managing Director in the UBS Global Healthcare Investment Banking Group
Jerry Doctrow, Managing Director of Stifel Nicolaus & Company
Jerry L. Doctrow leads the Stifel Nicolaus six-person health care services and health care real estate research team. He has been recognized six times by The Wall Street Journal and twice by Forbes/Starmine as one of the best health care or real estate analysts in the United States. Mr. Doctrow has over thirty years experience in equity research, consulting, public policy, finance, and market analysis. He spent eighteen years at Legg Mason, Read More
Managing Director, Stifel Nicolaus & Company, 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