After the first quarter senior care merger and acquisition results were in, we wondered out loud, “Where’s the beef?” In the full year 2003, the deal volume outpaced 2002’s lackluster year by almost 50%, and we were hoping that this renewed investor interest would...
A Advocat Apr p. 7 Aegis Assisted Living May p. 8 AEGIS Therapies Jan p. 2 AEW Capital Management Jun p. 9 Affirmative Equities Apr p. 5 Agemark Corporation Mar p. 6 Alternative Living Services Jan p. 2 Alterra Healthcare Jan p. 2, Apr p. 9, May p. 5, Jun p. 10...
Where were the investors during the first 28 days of June? Can’t anybody read anymore? Although it came as no surprise to us when Mariner Health Care (OTCBB: MHCA) announced on June 29 that they signed a merger agreement for $30 per share, investors acted as if they...
Without sounding too paranoid, although we were asked recently whether our phones were tapped by the SEC, one has to wonder if there is a conspiracy by the mainstream news media to discredit the “assisted living” industry. How else to explain a three-part...
This was the year we were supposed to see big chains re-entering the acquisition market, consolidation among regional chains, the growing fear of acquisition prices outpacing values (now that’s a concept) and a basic feeding frenzy in the acquisition market. The table...
Last month we reported that the average price per unit for assisted living had rebounded by 11% in 2003 from the dismal performance in 2002, a year that saw a nearly 24% plunge in the average price per unit sold. The absence of lenders willing to finance an...