Senior Care Merger and Acquisition Review and Outlook for 2013 - Press Release

FOR IMMEDIATE RELEASE  Stephen M. Monroe, Editor
 800-248-1668
 203-846-6800
 Fax: 203-846-8300
 pressreleases@levinassociates.com

NORWALK, CT – February 14, 2013 – Irving Levin Associates, Inc. will be hosting an important webcast to address the senior care merger and acquisition market and outlook for 2013 on Thursday, February 28, 2013. In 2012, values remained relatively high across the seniors housing and care spectrum: skilled nursing facilities, assisted and independent living communities and memory care facilities. Obviously, record-low interest rates have helped valuations and acquisitions, but the turnaround in the economy and housing market have helped to improve the operating metrics and cash flow as well. The last bull market lasted about 30 months and ended in early 2008 with the meltdown in the economy.

The moderator of the webcast, Stephen M. Monroe, Managing Editor and Partner, Irving Levin Associates, Inc., will pose topical questions including: Where did cap rates go in 2012 and can they go much lower? If SNFs can borrow from HUD at 3%, why can’t they buy at 9% to 10% cap rates? What do buyers look for in seniors housing acquisitions? Why are SNF values still relatively high when there is so much concern over Medicare and Medicaid budgets? Are stand-alone independent living communities selling at much of a discount to IL/AL or IL/AL/MC communities? Is it really a two-tier acquisition market, with REITs on one side and strategic buyers on the other? Is this the best time to be a seller, or a buyer? What will be next for the health care REITs?

Our hand-selected panel of experts will address these issues and answer any pressing questions the audience chooses to submit. Our experts include: Larry Cohen, CEO, Capital Senior Living; Joel Nelson, Executive Vice President and Chief Development Officer, Life Care Services; Mike Pardoll, Senior Vice President/Investments, Marcus & Millichap; Matthew Ryan, Senior Vice President - Healthcare Group, Houlihan Lokey; and Laca Wong-Hammond, Head of Healthcare Real Estate, Healthcare Investment Banking, Raymond James.

Publisher and Partner of Irving Levin Associates, Inc., Eleanor Meredith, invites you to take part in this can’t-miss webcast. How long will this bull market last, and what could bring an end to it? Discover if things are really different this time.

This webcast is expected to generate a stimulating discussion. If you’re interested in the senior care M&A market, then you won’t want to miss this webcast, entitled “Senior Care Merger and Acquisition Review and Outlook for 2013”, on Thursday, February 28 at 1:00 pm ET. Please visit http://www.levinassociates.com/conferences/1302b-online-conference or call 800-248-1668 for more information about this interactive webcast.

Founded in 1948, Irving Levin Associates, Inc. is the leading publisher of newsletters, reports and online data on mergers and acquisitions data in the seniors housing and health care industry.



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