We knew that when we released the results for the 2003 acquisition market a year ago, the 17% plunge in the average price per bed for skilled nursing facilities did not completely reflect where “values” were heading. What it did reflect was the relatively...
For the past two years, the Long-Term Care sector has consistently posted the highest deal volume in health care services. Within the sector, however, deals have lopsidedly favored the assisted and independent living end of the senior care acquisition spectrum, to the...
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...