Seniors Housing and Care M&A Activity Falls to New Low in Q3:2020, According to Data from Irving Levin Associates, Inc.
The number of publicly announced seniors housing and care acquisitions in the third quarter of 2020 fell to a new recent low, with 58 deals announced, based on new acquisition data from
"The pandemic continues to stymie dealmaking in the seniors housing and care sector," stated
Private senior care providers usually make up the plurality of buyers, but in the third quarter of 2020, they accounted for 63% of the deals. Not-for-profit buyers were the next most prolific group with 11% of deals, followed by private equity (9%), real estate investors (9%) and REITs (4%). Private investor O&M Investments was the only acquirer in multiple transactions this quarter, with two. The largest deal of the quarter, and likely the entire year, was
Similar to previous quarters, skilled nursing deals represented a minority in third-quarter M&A, in terms of both transactions (41%) and properties (44%). "Skilled nursing facilities bore the brunt of the pandemic, especially in the early months, and many owners are waiting for operations to stabilize and to see what happens with federal funding relief before considering a sale," added Swett. Seniors housing deals made up the balance of the quarter's transaction volume, with assisted living accounting for 34% of deals, followed by age-restricted communities (12%), independent living (7%) and CCRCs (5%).
All long-term care M&A deals dating back to 1993 can be accessed on the HealthCareMandA.com Deal Database and can be purchased via a site license. All quarterly results are published in The Health Care M&A Report for all 13 sectors of health care, which is part of the HealthCareMandA.com. In addition, annual results of the seniors housing and care acquisition markets were published this year in the 25th Edition of The Senior Care Acquisition Report. The comprehensive report has 400 pages of transaction details and valuation statistics in a two-volume set, separated out by seniors housing and skilled nursing. For information, or to order the reports, call 800-248-1668.
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