Senior Housing News October 12, 2020
The coronavirus pandemic is having a deleterious effect on senior housing and care M&A activity – especially when compared to a historic landscape a year ago when all buyers were in the space looking for opportunities.
The third quarter of 2020 ended with 58 announced deals totaling $1.48 billion in transaction volume, according to acquisition data from Irving Levin Associates. That is a 44% decline year-over-year.
The pandemic has depressed deal volume for two consecutive quarters. Irving Levin also recorded 60 transactions in the second quarter of the year. The third quarter numbers represented a 3% dropoff, sequentially.
The silver lining in these numbers: The dollar volume represented a 9% increase sequentially. But, the majority of that total is credited...
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