The Dealmakers Forum E-Newsletter, February 20, 2013 - Investing In Non-Traded REITs, Earnings from Ensign Group, Skilled Healthcare Settles

 

Bringing You Senior Care M&A Deals and News
 

February 20, 2013 Issue:

  1. Seniors Housing Weekly Update: 60 Seconds with Steve Monroe
  2. Recent Senior Care M&A Deals 
  3. Earnings from Ensign Group
  4. Stock Watch: Health Care REITs
  5. Deal of the Week: MBK Senior Living
  6. Skilled Healthcare Settles
  7. Webcast Calendar 

Seniors Housing Weekly Update: 60 Seconds with Steve Monroe
Investing In Non-Traded REITs. As we all know, there has been much focus on the large health care REITs and their billion-dollar acquisitions. And there should be, since these can be sector-changing events. But a lot of the action these days is with the smaller REITs as well as what are known as the non-traded REITs.... Read More

 

NEW - The Senior Care Acquisition Report, 18th Edition - Preorder Today!
Deals have been made. The 2013 Senior Care Acquisition Report contains private deals in this market that are frequently too small to make it into the financial press. Take advantage of our limited 2-for-1 offer - Preorder The 2013 Senior Care Acquisition Report  by March 31st and receive The 2012 Senior Care Acquisition Report  FREE ($595 value)! Now that’s a recession resistant deal. Go to http://www.levinassociates.com/scardescription or call 800-248-1668 to preorder today!

 

Recent Senior Care M&A Deals

LONG-TERM CARE

Acquirer

Target

Price

MBK Senior Living

The Inn at Greenwood Village

N/A

MedicX Healthfund

Lavender Court Care Home

N/A

Joint Venture Group

Two Senior Apartment Communities

$23.3 million

Trinity Senior Living Communities

Marycrest Manor and Marycrest Heights

N/A

 

Upcoming Interactive M&A Webcast:
Senior Care Merger and Acquisition Review and Outlook for 2013
Thursday, February 28, 2013, 1:00 pm ET            
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. How long will this bull market last, and what could bring an end to it? Find out from our expert panel: Stephen M. Monroe (Moderator), Managing Editor and Partner, Irving Levin Associates, Inc.; Larry Cohen, CEO of Capital Senior Living; Mike Pardoll, Senior Vice President/Investments, Marcus & Millichap; Laca Wong-Hammond, Head of Healthcare Real Estate, Healthcare Investment Banking, Raymond James Morgan Keegan; Joel Nelson, Executive Vice President and Chief Development Officer, Life Care Services; and Matthew Ryan, Senior Vice President - Healthcare Group, Houlihan Lokey.
Go to http://www.levinassociates.com/conferences/1302b-online-conference or call 800-248-1668 to register.

 

Earnings from Ensign Group

Even though The Ensign Group’s fourth quarter earnings were below some estimates, the quarter wasn’t a total wash, except for the $15 million reserve taken for a possible settlement with the Department of Justice investigation that date backs several years..... Read More

 

Stock Watch: Health Care REITs

Speaking of share price increases, health care REITs continue to rise, with Ventas, Health Care REIT, HCP, LTC Properties, National Health Investors and Sabra Health Care REIT all hitting new highs on February 19..... Read More

 

Deal of the Week: MBK Senior Living

MBK Senior Living is doing it again. The company just closed on a 67-unit assisted living community in the Denver, Colorado market, and while they paid a net price of about $285,000 per unit for the relatively new building, that per unit price will drop as they convert some of the larger, two-bedroom units into studios and one-bedrooms.... Read More

 

Skilled Healthcare Settles

It looks like Skilled Healthcare Group’s $460 million refinancing with HUD may get the clearance to move forward. The company just settled with the California Attorney General over alleged understaffing and care deficiencies at the company’s California nursing facilities..... Read More

 

Webcast Calendar... Click here to see more