With a burst of merger and acquisition activity not seen in a few years, nearly $400 million of assets changed hands in the past few weeks, with most of the volume occurring in the assisted living and retirement housing sector. Some of these transactions had been...
Over the past two years, the amount of negative news in the senior care industry has overwhelmed what little positive news has slipped out. Bankruptcies, failed deals, lenders leaving the market, foreclosures and collapsing stock values have all made the headlines....
In 2000, the average skilled nursing per-bed price plunged by 10% to its lowest level since 1994. By 2001, however, with higher Medicare rates helping profitability and bringing some stability back into the sector, almost one-half of that drop was recovered as the...
The fact that two large transactions were completed in early January, the sale of assets by Beverly Enterprises (NYSE: BEV) for $165 million and Crestline Capital Corporation (NYSE: CLJ) for $600 million, demonstrates that even in today’s market environment, large...
In the skilled nursing market, it is fair to say that the corner was turned in 2001, or at least it is making it around the bend. Two of the major companies emerged from bankruptcy protection with decent balance sheets, and two others have filed reorganization plans...
In last month’s issue we reported on 16 transactions covering 23 facilities – a record in terms of number of deals and diversity of buyers. Although the number of acquisitions is down this month, as expected, the diversity continues with several regional companies,...