When annualized, Q2:24’s M&A activity would set a new yearly record of 732 transactions, surpassing the previous high of 559 transactions set in 2022 by about 30%. Moreover, it would exceed the 509 publicly announced deals recorded in 2023. To read more on this, check out “H1 M&A Exceeds 330 Transactions” in July’s issue of The SeniorCare Investor, a copy of which can be found here.
Assisted living deals made up the plurality of Q2:24 deals, accounting for 45%, followed by skilled nursing at 35%. Independent living deals comprised approximately 11% of the quarter’s total, affordable senior apartments took a 5% share and CCRCs and active adult deals accounted for 3% and 1%, respectively. Also, there were 485 properties involved in Q2:24’s deals for a property-per-deal ratio of 2.7, which is higher than Q1:24’s property-per-deal ratio of 2.2.
“Interest in skilled nursing facilities remains strong among investors, and valuations are still above pre-pandemic averages,” added Swett. “Following the Supreme Court’s recent decision overruling the Chevron doctrine, the future of a minimum staffing mandate looks bleak, as well, which is another benefit to investors.”
All long-term care M&A deals dating back to 1993 can be accessed on the LevinPro database and can be purchased via a site license. In addition, annual results of the seniors housing and care acquisition markets will be published this year in the 29th Edition of The Senior Care Acquisition Report. For information, or to subscribe, call 800-248-1668. Irving Levin Associates was established in 1948 and has offices in New Canaan, Connecticut, and North Bethesda, Maryland. The company publishes research reports and newsletters, and maintains databases on the healthcare and seniors housing M&A markets.
Media Contact
Ben Swett, Irving Levin Associates, (203) 803-4593, [email protected], https://www.levinassociates.com/
SOURCE Irving Levin Associates
