When we did our first-ever audio conference last September that took a look at where the senior care investment market was headed during 2003, we revealed that the average price per bed in the skilled nursing facility market had dropped significantly in the first six...
Most of the dollars invested by CNL in 2003 were related to only four deals with a combined purchase price of just over $700 million. Two of the four transactions involved former Marriott Senior Living (MSL) properties now managed by Sunrise Senior Living (NYSE: SRZ);...
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...
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...
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...
The health care merger and acquisition market has been unusually steady during the first three quarters of 2003. The total number of announced transactions has ranged between 225 and 230 in each of the past three quarters, and the total dollar amount of deals with...