Skilled Nursing News July 6, 2022
Mergers and acquisitions in the nursing home sector made up a staggering 40% of all senior care deals in June – a surprising jump compared to April and May, which saw 42.5% in SNF deals for both months combined.
“We know the buyer interest is there, so this means more SNF owners got off the sidelines to sell their facilities,” Ben Swett, senior care analyst for LevinPro LTC, said in a quarterly data preview. “We’ll see if this helps valuations settle a bit, and we bet that they will.”
Jason Dopoulos, managing principal for White Oak Healthcare Partners, said the group is seeing four or five deals every week, or what he considers some serious buying propositions.
The group is...