The SeniorCare Investor: Acquisition Prices Stabilize in 2001, But Future Is Cloudy
In 2000, the average skilled nursing per-bed price plunged by 10% to its lowest level since 1994. By 2001, however, with higher Medicare rates helping profitability and bringing some stability back into the sector, almost one-half of that drop was recovered as the...The Health Care M&A Monthly: Express Scripts Buys Largest Private PBM for $515 Million
Our choice for deal of the month involves the acquisition of the country’s largest privately-held, independent pharmacy benefits manager, or PBM. In early February, as a kind of tenth anniversary present to itself, Express Scripts (NASDAQ: ESRX) announced a definitive...The SeniorCare Investor: Is Liquidity Returning To A Recently Spurned Market?
The fact that two large transactions were completed in early January, the sale of assets by Beverly Enterprises (NYSE: BEV) for $165 million and Crestline Capital Corporation (NYSE: CLJ) for $600 million, demonstrates that even in today’s market environment, large...The Health Care M&A Monthly: Health Care M&A Results for The Fourth Quarter of 2001
With a total of 184 deals announced during the fourth quarter of 2001, M&A activity rose a slight 1% against the previous quarter’s 182 transactions. This figure, however, represents a 24% drop against the 241 deals in the fourth quarter of 2000. For only the...The SeniorCare Investor: Senior Care: Rounding The Corner In 2002?
In the skilled nursing market, it is fair to say that the corner was turned in 2001, or at least it is making it around the bend. Two of the major companies emerged from bankruptcy protection with decent balance sheets, and two others have filed reorganization plans...Schedule a demo
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