Seniors Housing And Care M&A Volume Holds Steady In Q1: 2018
The number of publicly announced seniors housing and care acquisitions in the first quarter of 2018 was nearly identical to the year ago quarter (77 compared with 76), but up slightly from last year's fourth quarter (70). The dollar value of those transactions was
"Deal activity has been fairly consistent the past three quarters or so, with no major surprises. Many investors are waiting on the sidelines for the right acquisition to come along, especially the large deals, which have been in decline in recent years," stated
In the first quarter of 2018, 96 skilled nursing facilities and 85 senior living communities were sold with a total of just over 16,500 beds or units. Their average price per bed and per unit were in line with the averages for calendar year 2017. Private operators accounted for about 43% of the acquisitions, while private equity firms and other private real estate buyers accounted for 34%. REITs were buyers on just 17% of the transactions. Publicly traded operators announced just three acquisitions in the quarter, and their limited activity on the buy side has become the norm.
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, results of the seniors housing and care acquisition market are published annually in The Senior Care Acquisition Report, a comprehensive report with more than 250 pages of transaction details and valuation statistics. For information, or to order the report, call 800-248-1668.
Read the full story at http://www.prweb.com/releases/2018/04/prweb15419517.htm
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