Bringing You Senior Care M&A Deals and News
October 24, 2012 Issue:
Seniors Housing Weekly Update: 60 Seconds with Steve Monroe
Recent Senior Care M&A Deals
Social Media: Get on Board
Webcast Calendar
Seniors Housing Weekly Update: 60 Seconds with Steve Monroe
Recent Market Developments. We are not sure what exactly is going on with Assisted Living Concepts. It is the one company that we receive several calls a week on, usually from hedge funds that own the stock or are thinking of buying it. On Monday of this week, the shares were up 6% on heavy volume of 1.3 million shares. The only real news was an 8-K filing that said average third quarter occupancy was 5,251 residents, which is down 2% from the average in the second quarter……Read More
CIT Healthcare
CIT Healthcare is committed to helping healthcare companies grow. We offer comprehensive financing solutions and advisory services across the healthcare industry, such as Leverage Finance, Asset-Based Lending, Mergers & Acquisitions, and Healthcare Real Estate Finance. With deep expertise and experience, and a focus on middle market companies, we offer tailored products and advice that meet our clients’ most complex challenges. For more information, visit cit.com/healthcare or call 800-547-7026.
Recent Senior Care M&A Deals
HOME HEALTH CARE
Acquirer
Target
Price
Accountable Healthcare Holdings Corp.
Medrec Inc.
N/A
KRG Capital Partners
Home Solutions
N/A
LONG-TERM CARE
Acquirer
Target
Price
Riverside Co.
Premier Medical Corp.
N/A
HCP Inc.
142 Senior Housing Communities
$1.73 billion
Upcoming Interactive Webcast:
Governance: Legal Problems Your Board Can Avoid
Wednesday, October 31, 2012, 1:00 pm ET
Is your board good, or is it lucky? Increased litigation against senior living providers and senior care facilities poses a financial risk to those organizations and in certain cases, exposes board members to claims of personal liability. What conduct/actions/decisions are appropriate for board members and what might make them — and the organization — vulnerable? Our panel of experts includes: Deborah Cloud (Moderator), Vice President and Senior Editor, Leading Age; Karla Dreisbach, Senior Director of Compliance, Peace Church Compliance Program; Joseph Hasson, Partner, Ungaretti & Harris LLP; Pamela Kaufmann, Partner, Hanson Bridgett LLP; Rick Stiffney, President and CEO, Mennonite Health Services Alliance.
Go to http://www.levinassociates.com/conferences/1210b-online-conference or call 800-248-1668 to register.
Social Media: Get on Board
Senior living providers are increasingly recognizing the social media phenomenon and the advantages—operational, cultural, and competitive—of using social networking sites and other online tools for general communications purposes and to promote their communities. Social media is catching on with everyone, including older adults, according to Julie Fenske, Executive Director of The Buckingham in Houston, a Senior Quality Lifestyles Corporation (SQLC)-sponsored CCRC…..Read More
Webcast Calendar…Click here to see more
