Recorded March 25, 2010
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Mark your calendar for the next installment of our award-winning audio conference series when we discuss the senior care merger and acquisition activity of 2009 and analyze the trends and expectations going forward.
Join us for our annual study of recent merger and acquisition trends in the senior care market, and an in-depth discussion of expectations for 2010 and beyond.
Our panel of industry insiders will review the trends in seniors housing and care by giving a unique perspective on the dynamics of the 2009 acquisition market, an assessment of the past few years, and insight on what to expect this year. You won’t want to miss the discussion of these timely topics during this 90-minute presentation:
What happened to cap rates in 2009, and where are they going in 2010?
Where are the investors?
Is private equity making a comeback?
Will – and when will – large transactions resurface?
What does average price per bed and unit mean for investors, and where will they be heading?
PLUS….the chance to personally connect with these leading experts about the senior care M&A market!
Why an audio conference?
Each live interactive audio conference delivers fast-track information right to your desk or conference room. Simply dial the toll-free number from any landline phone, state your name to the operator, and you are connected. It’s that easy, plus there are no travel expenses and no time away from the office.
One location, one low price
You and your team can take part in this fast-paced, insightful audio conference from The SeniorCare Investor from one location. Your audio conference registration includes a site license to attend the conference and downloadable PDF materials prepared specifically for this event. 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.
Stephen M. Monroe is a respected and often quoted industry leader. He is the managing editor and partner at Irving Levin Associates, Inc., a research and publishing firm founded in 1948. The firm specializes in the seniors housing and health care investment markets and delivers timely market intelligence to subscribers through financial newsletters, acquisition reports and databases. Mr. Monroe is the editor of The SeniorCare Investor, the leading industry newsletter, and The Senior Care Acquisition Report, an often quoted annual study of acquisition trends in the senior care market, and executive editor of Senior Living Business. These publications have won numerous industry awards.
John Mark Ramsey is Chief Executive Officer of Servant Healthcare Investments. John Mark oversees all investment activity while also developing and maintaining relationships with leaders in the healthcare industry. Additionally, he is responsible for the company’s management and growth strategy.
Prior to starting the Company, John Mark served as Senior Vice President of Investments for CNL Retirement Properties (“CNL”) now Health Care Property Investors, Inc., (NYSE: HCP), the nation’s largest real estate investment trust focusing exclusively on properties serving the healthcare industry. In this capacity, John Mark managed the Investment Group, and was responsible for implementing and executing the investment strategy in the senior housing and medical facilities’ sectors. During his tenure, the Company closed on over 18,000,000 square feet and $3.1 billion positioning CNL as the third largest healthcare REIT in the United States, which proved to be a strong component in the successful merger with HCP.
Before joining CNL Retirement Properties/Health Care Properties, Inc., John Mark was cofounder
and Senior Vice President of Development and Acquisitions for Superior Residences, Inc. a regional developer, owner/operator of Senior Housing projects with responsibilities for all company development and acquisition activities. He also has extensive investment advising experience, having been a Principal and Co-Founder of Weaver, Ramsey & Hershiser, a financial advisory firm specializing in financial management. Prior to that, he served as an Investment Advisor to A.G. Edwards, where he implemented a total financial planning approach with his clients. John Mark is a Magna Cum Laude graduate of Florida State University, having earned dual degrees in finance and real estate.
Paul Rundell is a Managing Director with Alvarez & Marsal Healthcare Industry Group in Chicago. Mr. Rundell brings over 13 years of experience specializing in interim management specifically cash management and financial analysis. Mr. Rundell has provided cash management, financial support, crisis management, turnaround consulting, business strategy and planning, market analysis and operational improvement services to clients, and has advised unsecured and secured creditors and debtors both in and out of court. He is skilled in the creation of cash management processes, 13-week cash flow, profit / loss statements, balance sheet statements, borrowing bases and other financial documents to help manage and run corporations. Mr. Rundell has worked with various healthcare clients geographically dispersed throughout the country.
Currently with A&M, Mr. Rundell is an EVP of Restructuring at Erickson Retirement Communities, one of the largest CCRCs in the country and is advising Sunwest, a $2 billion assisted living facility operator. Prior to this assignment, he advised a five hospital acute health system and served as SVP of Financial Restructuring, for St. Vincent’s Catholic Medical Centers, a $1.5 billion non-profit hospital system in New York, in connection with A&M’s management assignment on the Chapter 11 restructuring. In this role, Mr. Rundell’s responsibilities with these engagements included lender and bond holder negotiations, cash management, producing short and long-term business plan projections and right sizing the cost structure to maximize value and liquidity.
Prior to joining A&M, Mr. Rundell worked with several restructuring and interim management firms where he assisted clients with revenues ranging from $100 million to more than $15 billion. Mr. Rundell holds a bachelor’s degree and a master’s degree in business administration from the University of Illinois. He is a Certified Insolvency and Restructuring Advisor (CIRA) and a Certified Turnaround Professional (CTP). He is a member of the Turnaround Management Association (TMA) and the Association of Insolvency and Restructuring Advisors (AIRA).
Patrick Hurst is the national director of Houlihan Lokey’s Healthcare Group and a Managing Director in the firm’s Chicago office. He 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.
Before joining Houlihan Lokey, Mr. Hurst worked in the Consulting Group of Ernst & Young as well as a national consulting firm. He is a frequent speaker on subjects of mergers and acquisitions, financing and restructurings in the healthcare industry.
Mr. Hurst earned a B.A. in business administration from Marquette University and an M.B.A. in finance from the University of Wisconsin-Madison. He is registered with FINRA as a General Securities Principal (Series 7, 24 and 63) and a Limited Representative – Investment Banking (Series 79).
Daniel J. Booth is the Chief Operating Officer (“COO”) of Omega Healthcare Investors, Inc. (NYSE: “OHI”) and has served in this capacity since October 2001. Mr. Booth’s responsibilities as COO include the oversight of Omega’s portfolio of investments, which include nearly 300 skilled nursing facilities located in 32 states with 35 third party operators. In addition, Mr. Booth is responsible for initiating, underwriting and documenting new acquisitions. Prior to joining our company, Mr. Booth served as a member of Integrated Health Services’ management team since 1993, most recently serving as Senior Vice President, Finance. Prior to joining Integrated Health Services, Mr. Booth was Vice President in the Healthcare Lending Division of Maryland National Bank (now Bank of America).
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