This past year was epic for dealmaking in the long-term care sector, as average prices for skilled nursing beds fell year over year. In 2024, a lot of distressed properties – especially in the senior housing sector – were up for sale as well. Overall, transaction volume reached a pinnacle with 708 publicly announced transactions […]
Irving Levin Associates
Dealmaking in 2024 comes with cautious optimism and some apprehension from industry leaders in health care, including those in the nursing home space, as deal volume continues to be buffeted by macroeconomic headwinds. In line with the skilled nursing space, overall health services deal volumes through Nov. 15 have declined 13% compared to 2022 levels, […]
Dealmaking in the long-term care sector showed a significant fall of 33% to 98 transactions in the first quarter compared to a year ago when 144 deals were reported. Skilled nursing made up 32% of the deals completed in the first quarter, according to data released Thursday by Norwalk, Conn.-based Irving Levin Associates. Assisted living […]
As the White House blasts the role private equity and real estate investment trusts (REITs) play in the nursing home space, some industry insiders believe that the administration is confused about how ownership actually works and where problems truly lie. David Reis, CEO of Senior Care Development, described “three players at the table,” and said […]
The skilled nursing and seniors housing transactions market may have cooled down a bit at the end of the first financial quarter after a record-breaking end of 2021. The number of publicly announced deals in the first quarter of 2022 fell to 127 deals compared to 140 transactions in the previous quarter – amounting to […]
Commercial real estate volume has been booming this year, particularly in the most recent quarter as it surpassed $450 billion year-to-date, according to Zach Bowyer, JLL managing director. The combination of a pent up market and low cap rates continue to push pricing in the skilled nursing space. Commercial real estate volume hasn’t reached such […]
Mergers and acquisitions across most health care sectors increased in the third quarter of 2021, though long-term care deal volume showed a slight dip. There were 107 M&A’s reported for long-term care in the third quarter, down from 111 deals in the second quarter, according to data from Norwalk, Conn.-based Irving Levin Associates. The numbers […]
Despite low occupancy rates and uncertainty around federal funding, experts say the market for nursing homes has not slowed, as buyers want to get in on the frenzy and are willing to pay near stabilized rates to do so. Some, like Symphony Care Network, with a portfolio that totals more than 30 properties throughout Illinois, […]
Portfolio sales drove seniors housing and care volume in the second quarter, and skilled nursing facilities played a major role in that momentum, according to acquisition data from Irving Levin Associates, Inc. The second quarter saw 106 publicly announced seniors housing and care acquisitions, up 35% from the year-ago period and 30% higher than the first […]
The first quarter of 2018 was busier than the year-ago period for senior housing and care transactions—and more than half of the properties that traded hands were skilled nursing facilities, new data show. Seventy-seven publicly announced senior housing and care acquisitions took place in the first quarter of 2018, which is up from the 70 […]
After five consecutive years of record prices, the average price per bed for skilled nursing facilities fell to $81,350 in 2017, a drop of 18% from the year prior. It might have fallen even further if the average cap rate in 2017 had not remained at historical norms, according to a press release from Norwalk, […]
The dollar volume of senior housing and care properties changing hands dipped slightly in the third quarter of 2017—but nearly half of all deals that quarter involved skilled nursing properties or portfolios. 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 […]
Among large swaths of the real estate investment community, reducing exposure to skilled nursing assets is considered a smart play at the moment. Given the uncertain regulatory landscape and shifting payment models, betting on SNFs may just not seem worth it. But several players in the SNF investment market believe that the asset class isn’t necessarily […]
The dollar value of long-term care (LTC) facility transactions ballooned by nearly 300% in the second quarter of 2017, even as the absolute number declined. LTC facilities commanded a total of $9.7 billion in the second quarter of 2017, a 299% increase from the $2.4 billion that changed hands in the second quarter of 2016 […]
Flying in the face of “contrarian” analysts who “signed its death certificate,” the skilled nursing industry continues to attract attention and dollars from investors, with per-bed prices tripling since 2003, a new report states. The median SNF sold for $94,600 per bed in 2016, a gain of 42% from 2015, according to a report released Wednesday by Irving […]
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