While everyone was focusing on the heated acquisition market for assisted and independent living communities, the skilled nursing sector was taking a back seat. Yes, there was the billion-dollar deal for Mariner Health Care last year, which provided a lot of...
During the fourth quarter of 2004, a total of 213 deals were announced in the 13 sectors of the health care industry. The contribution of each sector to the total appears below. As throughout the entire year, the Long-Term Care sector lead the health care services...
During 2004, almost everything in the senior care market seemed to be moving with all four cylinders churning away. Stock prices were rising, cap rates were declining, the acquisition market heated up in the second half of the year, higher quality properties finally...
Ending several weeks of speculation, Johnson & Johnson (NYSE: JNJ) announced that it would buy medical device maker Guidant Corporation (NYSE: GDT) for $25.4 billion. Coming just 10 days before Christmas, this is the largest domestic health care deal of 2004, and...
The Anatomy of a Deal: Taking The Bid Higher…And Higher After the slow start during the first six months of the year, the acquisition market has certainly taken on a life of its own in recent months. Perhaps it all began with the bid for Mariner Health Care...
Two notable deals were announced this month targeting companies that manage long-term acute care hospitals, or LTACs. In both cases, leveraged buyout firms initiated transactions to buy out operators of multiple LTACs. The rationale for each, however, is different,...