The SeniorCare Investor: Regional Players Dominate Growing Acquisition Market
In the past several weeks, the acquisition market picked up steam, with activity spread evenly across the full continuum. Some of the increase was the result of September 11-related delays, but it is also because the pricing spread between buyer and seller has...The SeniorCare Investor: One In, One Out: The Bankruptcy Train Rolls On
Although it hardly came as a surprise, Assisted Living Concepts (AMEX: ALF) finally filed for Chapter 11 bankruptcy protection after prolonged negotiations with holders of the company’s two convertible subordinated debenture issues. While the filing was expected, the...The SeniorCare Investor: As Summer Ends, Will Patience Wither?
The senior care industry is at a crossroads in its relatively young life. Desperate for capital in an environment filled with risk and uncertainty, the skilled nursing and assisted living sectors have stumbled badly in the past few years. In addition to several...The SeniorCare Investor: Do Beverly, Sunrise Deals Imply Renewed Market Strength?
In last month’s issue, we stated, “Beverly Enterprises (NYSE: BEV) is taking so long to divest its Florida nursing facilities that in time the environment may improve enough to cause management to pull the facilities off the market.” Just two weeks later,...The SeniorCare Investor: Genesis, Multicare and “Baby Mariner” File Reorg Plans
As we disclosed in last month’s elert, Genesis Health Ventures (OTCBB: GHVIQ), The Multicare Companies and the Mariner Health Group (Baby Mariner) have all filed reorganization plans with expectations of emerging from bankruptcy by the end of the year. There is still...Schedule a demo
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