McKnight’s Senior Living June 8, 2023
Mergers and acquisition activity slowed to approximately 32 transactions per month in the first quarter of 2023. This marks the lowest M&A activity the senior living industry has seen since 2021, according to a recent report from accounting and advisory firm FORVIS.
In the first eight months of 2022, deal volume totaled almost 50 transactions per month. Activity dropped to fewer than 40 transactions per month from September to December 2022. Those later months of the year are traditionally the busiest dealmaking period of the year, according to the experts.
“While much of what shows up in the 2022 data on senior living M&A appears relatively positive compared to the past several years, pricing across the senior living space...