Senior Care Merger
and Acquisition Market: The New Math of Valuations and Cap
Rates
Recorded March 13, 2008 |
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Featured Speakers:
Jon Harder, President and CEO, Sunwest Management, Inc.
Richard K. Matros,
Chairman and CEO,
Sun Healthcare Group
Bruce J. Mackey, Jr., Treasurer and CFO (CEO-designate),
Five Star Quality
Care, Inc.
Patrick M. Hurst, Managing Director,
Houlihan Lokey Howard & Zukin
Stephen M. Monroe (moderator),
Editor of The SeniorCare Investor and The Senior Care Acquisition
Report, and Executive Editor of Senior Living Business.
Order Now! |
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Order the CD or transcript
for a SeniorCare Investor audio conference
with an exclusive
tally of senior care M&A activity in 2007 and expert analysis of what has
changed and what to expect for this year.
The senior care merger and acquisition market underwent a sea change in
2007, a year that began with record-high valuations and ended with the subprime credit market crisis. To fully understand the dynamics of the
acquisition market, dealmakers turn to The Senior Care Acquisition Report,
the single source for statistics on acquisitions and trends in the
complete spectrum of senior care.
For a sneak preview of 2007’s acquisition market, plus insightful
commentary from our panel of experts, you won’t want to miss the new audio
conference, “Senior Care Merger and Acquisition Market: The New Math of
Valuations and Cap Rates.”
For just one low price you and your team in one location can take part in
this fast-paced, insightful audio conference from The SeniorCare Investor.
Best of all, you’ll be able to connect personally with any or all of the
panelists when we open up the phone lines for live Q&A.
Here’s just some of what you’ll learn during this in-depth, 90-minute
audio conference:
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How far-reaching is the slowdown in the senior care M&A
market? |
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What is the impact of private equity firms retreating
from the market? |
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Are we now in a buyer’s market and what does that mean? |
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What is happening to valuations? |
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What will be the impact of capital scarcity as the year
unfolds? |
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Plus, a chance to ask the experts your
burning questions on senior care. |
...and much more!
Featured Speakers:
Jon Harder, President and CEO of Sunwest Management, Inc.,
founded the company in 1991 with a portfolio of three properties:
two retirement communities and one skilled nursing community.
Currently, SMI manages some 280 communities nationwide. Mr. Harder
became President and CEO of Sunwest and increased his ownership in
the company in 1999. Prior to Sunwest, he was a nursing home
administrator for Prestige Care from 1989-1991. He is a member of
the American Senior Housing Association, the National Center for
Assisted Living and the Oregon Health Care Association. Mr. Harder
is a graduate of Walla Walla College in College Place, Washington.
Richard K. Matros has been the Chairman of the Board and
Chief Executive Officer of Sun Healthcare Group, Inc. since 2001.
Mr. Matros served as Chief Executive Officer and President of Bright
Now! Dental from 1998 to 2000. He was also with Regency Health
Services, Inc., a publicly held long-term care operator, as Chief
Executive Officer from 1995 to 1997, as President and a director
from 1994 to 1997, and as Chief Operating Officer from 1994 to 1995.
Mr. Matros served Care Enterprises, Inc. as Chief Executive Officer
during 1994, as President, Chief Operating Officer and a director
from 1991 to 1994, and as Executive Vice President-Operations from
1988 to 1991. Mr. Matros currently serves on the board of directors
of Bright Now! Dental and the board of directors of Vericare
Management, Inc.
Bruce J. Mackey, Jr. is the Treasurer, Chief Financial
Officer and Assistant Secretary of Five Star Quality Care, Inc. Mr.
Mackey will be assuming the role of President and CEO of the company
effective May 1st. He has served as Treasurer, Chief Financial
Officer and Assistant Secretary of Five Star Quality Care since
2001. Prior to this, he was Treasurer and Chief Financial Officer of
FSQ from 2001 until it was acquired by Five Star Quality Care, Inc.
in January 2002. Mr. Mackey is a certified public accountant.
Patrick M. Hurst is the National Director of the Healthcare
Investment Banking Group and a Managing Director in the Chicago
office of Houlihan Lokey Howard & Zukin. Mr. Hurst 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 product manufacturers. Mr. Hurst is also involved in
the firm's investment banking activities including private
placements of debt and equity capital and structuring shareholder
liquidity and other recapitalization transactions. Prior to joining
Houlihan Lokey he worked in the Consulting Group of Ernst & Young as
well as a national consulting firm. Mr. Hurst is a frequent speaker
on subjects of mergers and acquisitions, financing and
restructurings in the healthcare industry.
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.
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