Long-Term Care Deals Still Flourishing

The number of long-term care deals set a new record in 2014, with a total of 297 transactions announced. Through September 18th, the sector has logged 215 transactions, which could put 2015 in contention to surpass last year’s record. Or not. This is the year of the small(er) senior housing and care transaction, with deal value now standing at $9.65 billion, compared with last year’s blowout total of $29.3 billion. There were five billion-dollar-plus deals announced in 2014, compared with only one thus far in 2015. Here are the year’s biggest deals, to date.

AcquirerTargetPrice
Source: The Health Care M&A Information Source, Sept. 2015
Joint ventureTrilogy Health Services$1.12 billion
NorthStar Realty Finance32 independent living communities$875 million
HCP, Inc.35 senior living properties$849 million
BayBridge Seniors HousingAmica Mature Lifestyles$804 million
New Senior Investment Group28 senior living properties$640 million

 

 

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