The senior care market is emerging from its worst financial period ever, with stock prices soaring, new capital coming into the market, occupancy rates increasing and acquisition prices, at least in some corners of the market, reaching heights that just 18 months ago...
Merger and acquisition activity in the health care industry remained relatively steady during the fourth quarter of 2003. With a total of 221 deals announced, Q4:03 registered just a 4% dip against the 230 transactions announced in the previous quarter (Q3:03). Deal...
When 2003 began, things did not look too encouraging for the skilled nursing facility industry. Kindred Healthcare (NASDAQ: KIND) had seen more than 50% of its market capitalization wiped out as a result of patient care liability issues, Centennial Healthcare had just...
Merger and acquisition activity in the health care industry was brisk in 2003. We estimate the year will close with 875 deals which, based on prices revealed to date, are collectively worth $90 billion. These figures receded somewhat from last year’s levels. The year...
It is always amusing what an end of the quarter, or end of year, can do to (and for) management, as well as their advisors. Whether it is cleaning up the balance sheet, taking non-cash charges so the following period can start off clean or closing acquisitions and...
On the last Monday in October, the Managed Care sector produced two of the largest deals to be announced in the past 10 years. Even news on the same day of the $48 billion merger of Bank of America (NYSE: BAC) and FleetBoston Financial Corp. (NYSE: FBF) could not take...