Welltower, Ensign Group Drive 2019 Long-Term Care M&A Activity

Interest in long-term care assets continued to lead health care merger and acquisition activity in 2019, although overall activity declined slightly amid growing uncertainty over the global economy, major health care policies and the 2020 elections. Notably, deal volume for long-term care assets, which includes assisted living, accounted for 34% of health care M&A activity […]

Middle-Market Plays to Reshape Senior Living Acquisition Activity, Prices

Robust senior housing acquisition activity is likely to continue into 2020, driven by the continued low interest rate environment as well as the increased focus on middle-market products and the creation of multi-brand portfolios. That middle-market focus is also driving more interest from big players in secondary and tertiary markets, which are friendlier to this […]

Senior Housing Deal Volume Ticks Up to Start 2018

The first quarter of this year proved busy for senior housing and care buyers, though real estate investment trusts (REITs) continued to stay largely on the sidelines. Seventy-seven publicly announced senior housing and care acquisitions took place in the first quarter of 2018, which is up from the 70 acquisitions that took place in the […]

Assisted Living Price-Per-Unit Hit Record High in 2017

The average price per assisted living unit in the U.S. has hit a new high-water mark despite some industry pressures. Average price per unit paid grew by 14% to a new record of $221,250t, according to the latest Senior Care Acquisition Report from market intelligence firm Irving Levin Associates. The average cap rate for assisted living communities […]

Senior Housing M&A Spending Drops Sharply to End 2017

The dollar volume of senior housing and care acquisitions dropped at the end of 2017—and tax reform may be partly to blame. Approximately $1.85 billion worth of seniors housing and care properties traded hands in the fourth quarter of 2017, according to the most recent statistics from Irving Levin Associations. This is down from the […]

Senior Housing M&A Spending Dips in Q3

The dollar volume of senior housing and care properties changing hands sagged in the third quarter of 2017. About $2.5 billion worth of such acquisitions were publicly announced during the second quarter of 2017, according to the most recent statistics from Irving Levin Associates. That’s a far cry from the second quarter’s blockbuster volume of $9.7 billion […]

Assisted Living M&A Prices Reach All-Time Highs

For assisted living property owners, it has very much been a seller’s market. That’s because the average price per unit of assisted living communities reached an all-time high in 2016, according to a newly released report. Specifically, the average price per unit of assisted living communities sold last year was more than $196,600, which is 2.4% […]

Long-Term Care M&A Deals Decline 6% in 2016

Last year was a busy one for the health care services industry—though not all sectors were as active as others. In fact, the number of health care services transactions rose slightly in 2016, even as the number of deals in the long-term care sector declined, according to the 23rd edition of Irving Levin Associates’ Health Care Services […]

Long-Term Care Deal Value Reaches $14.4 Billion in 2016

Last year was busy for health care M&A, with $71.7 billion worth of deals recorded nationwide. Out of all health care sub-sectors, long-term care had the biggest year in terms of deal volume and deal value, according a newly released PricewaterhouseCoopers (PwC) report. The long-term care sub-sector included skilled nursing facilities and private pay senior living options.  […]

Senior Housing M&A Deal Volume Slips in 2016

Senior housing transaction dollar volume was weak at the end of 2016, but the year was still active due to a relatively strong number of smaller dollar transactions, according to preliminary end-of-year data from the National Investment Center for Seniors Housing & Care (NIC). However, separate M&A data released by Irving Levin Associates, also on […]