Senior living and care on track to set mergers and acquisitions record
07/19/24 at 03:00 AM
Senior living and care on track to set mergers and acquisitions record
McKnights Senior Living; by Kathleen Steele Gaivin; 7/18/24
Mergers and acquisitions involving senior living communities and skilled nursing facilities set a new quarterly record of 183 publicly announced transactions in the second quarter, and when annualized, the sector is on track to set a new yearly record as well. That’s according to data released this week by LevinPro LTC. The number of mergers and transactions in the second quarter was 21% higher than the 151 transactions recorded in the first quarter and 49% higher than the 123 deals in the second quarter of 2023.