After the first quarter senior care merger and acquisition results were in, we wondered out loud, “Where’s the beef?” In the full year 2003, the deal volume outpaced 2002’s lackluster year by almost 50%, and we were hoping that this renewed investor interest would carry into 2004 with a flurry of transactions. That was not to be, at least in the first quarter, but as can be seen below, the volume of publicly announced deals in the senior care segment jumped in the second quarter, and the third quarter is off to a rapid start.
We are still lagging behind last year’s activity, but the entire health care services sector saw a lot more mergers and acquisitions in the past quarter, when compared with both the previous quarter and the year-ago quarter. This may bode well for the senior care market during the remaining five months of the year.
The Health Care M&A Market