Senior Care Acquisition Market: On the Rebound or In a Rut?

Recorded August 5th, 2008

Order the CD or Transcript today for a brand-new SeniorCare Investor audio conference featuring expert analysis of the current seniors housing and care acquisition market and exclusive mid-year M&A statistics.

This educational offering has been approved for 1 clock hour by the National Association of Boards of Examiners of Long Term Care Administrators (NAB).

The subprime mortgage meltdown last summer marked a fundamental shift in prevailing investment attitudes, a shift that still remains today. With tightening credit and disappearing lenders, the seniors housing and care acquisition market went into pause mode after a very strong three-year rally. Now, a year later, it seems as if nothing has changed, with a soft market continuing to keep prices and deal activity at the lowest level in four years. Or has it? Are buyers and sellers tired of waiting, and will the deal logjam finally break in the second half of the year? Is it possible that fourth quarter M&A activity will total more than the first three quarters of the year combined? We think the answer is yes, but tune in to see what the experts have to say on this crucial topic.

Here’s just some of what you’ll learn during this in-depth, 90-minute audio conference:

...and much more!

Featured Speakers:

Granger Cobb, President and Co-Chief Executive Officer of Emeritus Senior Living, has 22 years of senior management experience in the senior residential, assisted living, and skilled nursing industries. Prior to joining Emeritus in 2007, he served as President, Chief Executive Officer, and a director of Summerville, since 2000. Mr. Cobb joined Summerville in 1998 with its acquisition of Cobbco, Inc., a California-based assisted living company, which he founded in 1989. Mr. Cobb is active in several industry associations and has served on the boards of the Assisted Living Federation of America (ALFA), the National Investors Center (NIC), and the political action committees for ALFA and the California Assisted Living Association (CALA).

Paul Diaz, President and Chief Executive Officer of Kindred Healthcare, Inc., joined the firm in January 2002 as President and COO. Kindred is one of the largest providers of health care services in the nation, with revenues in excess of $4 billion. Prior to joining Kindred, Mr. Diaz was the managing member of Falcon Capital Partners, LLC, a private investment and consulting firm. Earlier in his career, Mr. Diaz served in various executive capacities with Mariner Health Group, Inc. and Allegis Health Services, Inc. Mr. Diaz currently serves on the Board of Directors of DaVita, the Board of the Bloomberg School of Public Health at Johns Hopkins University and the Board of Visitors of Georgetown University Law Center.

Curt Schaller is Senior Managing Director at GE Healthcare Financial. Previously, he was Director for the Healthcare Finance group at Merrill Lynch Capital, is responsible for managing the group’s healthcare real estate originations team. Prior to joining Merrill Lynch Capital, Mr. Schaller held several positions focused on healthcare real estate. Most recently, he was a Senior Vice President with GE Healthcare Financial Services, where he managed the group’s senior housing real estate originations team. Prior to that, he was an investment officer with the group, originating transactions in the senior housing and skilled nursing sectors. Mr. Schaller also had roles as an investment officer and an underwriter with Heller Healthcare Finance prior to their acquisition by GE. His experience included real estate consulting with Kenneth Leventhal and Company before joining Heller.

Arnold Whitman is the founder, Co-Chairman and Chief Executive Officer of Formation Capital LLC, a leading equity investor in the seniors housing and long-term care properties industries. Over the past quarter-century, he has helped finance properties valued at a total of more than $6 billion – including $4 billion of such financing as head of Formation over the past five years alone. Mr. Whitman’s career started in 1985 with MediPlex and other seniors care and housing entities. He created Formation Capital as an advisory and equity investment firm in 2000. In addition, Mr. Whitman is a founder in Prime Care Properties and a founding member and current executive board member of Care Institute, a not-for-profit owner of seniors housing and care properties.

Stephen M. Monroe, the audio conference moderator, is the Managing Editor and a Partner at Irving Levin Associates, Inc. Established in 1948, Irving Levin Associates is a research and publishing firm that specializes in the seniors housing and health care investment markets, with several newsletters and acquisition reports. Mr. Monroe has been with the company for 20 years and has published more than 50 articles dealing with various aspects of investing in the health care and seniors housing arena. In addition, he is the editor of The SeniorCare Investor, a monthly newsletter, and The Senior Care Acquisition Report, an annual study of acquisition trends in the senior care market. In 2007, he spearheaded the launch of Senior Living Business, a monthly newsletter, and serves as its executive editor. Prior to joining the company, Mr. Monroe was a vice president of investment banking at Kidder, Peabody & Co. in New York City where he completed a variety of public equity, bond and merger and acquisition transactions.

Click here to order your CD or transcript or call 1-800-248-1668.