Senior Housing M&A Deals On Pace for Record Year

The number of senior housing transactions to date in 2015 is on pace to make this year a record one, following several years of major merger and acquisition volume and record volume in 2014.

While the total dollar volume of transactions in the first half of 2015 is lagging the total for the same period last year, the transaction number signals an uptick for the remainder of 2015 pointing to the potential for a record number of transactions, according to data released Wednesday by Irving Levin Associates, Inc.

The data is tracked quarterly by Irving Levin Associates, publisher of The SeniorCare Investor and The Health Care M&A Report, to include transactions across the skilled nursing, assisted living, memory care, independent living and CCRC sectors. 


During the second quarter, there were 64 acquisitions announced publicly spanning the senior housing market, compared with 62 transactions for the same quarter last year. The transaction count was down slightly from its first-quarter total of 70 transactions announced. Year-over-year, the first-half transaction total is up 5.5%.  

The 64-transaction count marks a record second quarter, Irving Levin Associates noted, and “implies we may be in for another strong second half of the year, much like in 2014.” 

Dollar volume declined in the first quarter of 2015, with the acquisition dollar total at $1.8 billion relative to more than $5.0 billion in each of the four previous quarters, the figures showed. However, volume rose to $4.1 billion in the second quarter, indicating a rebound. 


“At the beginning of this year, we just were not seeing those billion-dollar deals, or even $500 million acquisitions, like we did in 2014,” said Steve Monroe, editor of The SeniorCare Investor. “We expect a very active second half of the year.”

Written by Elizabeth Ecker

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