After months of little activity, the merger and acquisition market has come alive, with deals in the assisted and independent living market as well as the skilled nursing sector. Not surprisingly, all of the buyers are private companies, and the increase in activity...
When we reported on the results of our annual survey of the acquisition market a year ago, we were as surprised as anyone that the average price paid for nursing homes remained above $40,000 per bed for the fourth year in a row, registering a negligible decline of 1.5...
When Alterra Healthcare (AMEX: ALI) completed its refinancing package last May 31, on the surface management was all smiles and looking forward to moving ahead with the company’s remaining development plans, and, of course, greener pastures. Those analysts and writers...
With the financial distress that has been afflicting both the nursing home and assisted living sectors over the past 18 months, we have repeatedly stated that strange things would come to pass. Who would have thought that Bill Colson, the CEO of Holiday Retirement...
It was said that nothing could be as bad as 1999, when the best performing senior care stock (Beverly Enterprises, NYSE: BEV) had a –35% return. With the exception of a handful of companies, 2000 was nearly as bad, as least from the perspective of publicly traded...