• Health Care M&A Deals, September 18, 2020

    The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our Deal Search Online database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal... Read More »
  • MetLife Acquires Versant Health

    MetLife, Inc. (NYSE: MET) has entered the healthcare M&A market. Last week, the company announced the acquisition of Versant Health, the parent company of Davis Vision and Superior Vision, two major vision care and insurance brands with a combined 35 million members. Centerbridge Partners and an investor group including FFL Partners are... Read More »
  • CloudMD Expands Patient Engagement Portfolio

    CloudMD Software & Services Inc. (OTCMKTS: DOCRF) just keeps rolling out new deals and acquisitions. The company has been very active this year, with six acquisitions on the books so far across various sectors, according to search results in our Deal Search Online database. Last week, CloudMD acquired Toronto-based iMD Health Global Corp. for... Read More »
  • Trulieve Cannabis Boosts Its Market Reach

    Trulieve Cannabis Corp. (OTC: TCNNF), a vertically integrated “seed-to-sale” company and the first licensed medical cannabis company in the state of Florida, announced two new transactions last week. M&A activity in the medical marijuana market has been quiet throughout 2020 and 2019, after experiencing somewhat of a boom in 2018,... Read More »
  • A Busy Week for Home Health & Hospice Deals

    It was a busy week for home health & hospice (HH&H) transactions. Results from our Deal Search Online database show there were four announced last week alone, half of September’s total so far. Half of the deals were completed by private equity-backed companies, which highlights the continued interest in HH&H from PE firms. Jet... Read More »
Ventas Goes Big for Canadian Independent Living Portfolio

Ventas Goes Big for Canadian Independent Living Portfolio

Mergers and acquisitions in the Long-Term Care sector have been humming this year, with more than 200 transactions on the books through mid-June. But the sale prices, when disclosed, haven’t been as impressive. Finally, the first billion-dollar-plus deal was announced on June 3. Ventas, Inc. (NYSE: VTR) paid $1.8 billion (C$2.4 billion) for an 85% stake in a seniors housing portfolio located throughout the Canadian province of Quebec. The portfolio consists of 28 stabilized independent living communities (7,885 total units) in urban markets, with an average age of eight years. Three assets are set to open in 2019 with another 1,032 units, and four developments are expected to open in... Read More »
Good Samaritan Sells its SNFs in New Mexico

Good Samaritan Sells its SNFs in New Mexico

Evangelical Lutheran Good Samaritan Society (known as “Good Sam” in its home town of Sioux Falls, South Dakota) recently sold two skilled nursing facilities in New Mexico to a Southern California-based private investor looking to expand in the Land of Enchantment. The facilities totaled 150 skilled nursing beds and 25 independent/assisted living units. Both were well maintained, and one recently underwent a major renovation. Not only were they deemed non-core by their not-for-profit parent, they were inconveniently located on opposite sides of the state in Aztec and Lovington. Last year Good Samaritan merged with Sanford Health, one of the largest health systems in the country... Read More »
2018’s Biggest Healthcare Deals by Sector

2018’s Biggest Healthcare Deals by Sector

2018 isn’t quite in the rearview mirror yet. We’re still scouring the news feeds for straggling deal announcements, and that never stops, honestly. With approximately 1,850 deals reported so far for 2018, healthcare deal volume is 14% more than 2017. Before we nail the numbers down, it’s easy to spot the biggest deals (by disclosed price) in each of the 13 healthcare sectors we follow. Most should be familiar names, but you can’t follow every sector. That’s why we’re here. Enjoy.   Read More »
Senior Housing and Care Market Still Strong in Q3:18

Senior Housing and Care Market Still Strong in Q3:18

Merger and acquisition activity in the Long-Term Care sector, which includes senior housing and care companies, took off in the second and third quarters of 2018. The 110 deals announced in the second quarter set a record for a quarter, and the third quarter followed with a near repeat performance. The third quarter’s deal volume was down 6% compared with the previous quarter but 34% higher than the same quarter in 2017. The 103 deals made up 28% of the 368 deals announced within the past 12 months. Fifty-five of the 103 deals revealed prices, although none were greater than $194 million. The $1.7 billion total in Q3:18 is 73% lower than the previous quarter’s nearly $6.5 billion, and 35%... Read More »
Long-Term Care Deals Soared in August

Long-Term Care Deals Soared in August

As temperatures soared this summer, so did the dealmaking in the Long-Term Care sector. On the back of a solid July (27 deals total), August shattered the previous record-high of 37 announced deals for the month set in 2015 and the 27 deals recorded in August 2017 with an astonishing, and still-growing, 46 transactions. That puts the third quarter on track to most likely top Q3:15’s 99 deals for the sector. What has gotten into buyers this summer? Riding a wave of high consumer confidence and low interest rates, and in the face of numerous industry headwinds, investors are still confident in seniors housing and care properties to provide their desired returns. That is coupled with plenty... Read More »
Senior Housing and Care Market Still Strong in Q3:18

Brookdale Sells Battery Park Property

Ventas, Inc. (NYSE: VTR) is now in the Long-Term Care record books. On August 20, the REIT announced it will pay $194 million, or $894,000 per unit, for Brookdale Senior Living’s (NYSE: BKD) Brookdale Battery Park property. We think that’s a record per-unit price. It was opened in 2000 at an approximate cost of $50 million. This 14-story, 240,000 square-foot independent living community overlooks the Hudson River in the Battery Park City neighborhood of Manhattan. Occupancy was in the low 90s. The acquisition was valued below replacement cost and represents an approximately 5% going-in yield on net operating income as reported by Ventas. Brookdale will stay on as operator under... Read More »