Skilled Nursing News March 22, 2023
The Federal Reserve’s decision to raise interest rates again by 0.25 basis points on Wednesday will likely slow deal making, especially in the aftermath of the Silicon Valley Bank (SVB) crash last week that also caused some regional lenders to nursing homes to close.
Experts told Skilled Nursing News that it’s a good thing the Fed’s move was as anticipated, however. Although that doesn’t take away from the agony, they said.
Tao Qiu, research analyst for Stifel Financial Corp., said that the bump might make debt funding more scarce and underwriting more restrictive as well. The Fed’s latest move could “potentially pour more cold water on transactions,” Qiu added.
Beth Mace, chief economist for the National Investment Center for Seniors...
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