Senior Housing Sets New Record for M&A Deals

The senior housing market set a new record for the number of mergers and acquisitions in the third quarter of 2015, with 87 publicly announced transactions, according to the latest figures from market intelligence firm Irving Levin Associates Inc.

The number of M&A deals outpaced the third quarter of 2014 by 2%. It was a 23% increase from the second quarter of 2015.

There have been 226 transactions recorded so far this year, meaning 2015 is still on pace to set a record for number of overall deal volume. However, the dollar value of deals is down significantly compared with 2014. The third quarter saw $4.2 billion in dollar volume, compared to $9.7 billion in the third quarter of 2014.

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Operating companies were the most active buyers, followed by real estate investment trusts.

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Nonprofits recorded the fewest deals, according to the Irving Levin figures. However, industry leaders have in recent weeks noted that nonprofits are aggressively pursuing mergers and affiliations, and have predicted notable deal flow to come.

Written by Tim Mullaney

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