Tip:
Highlight text to annotate it
X
{\rtf1\ansi\ansicpg1252\cocoartf1187\cocoasubrtf340 {\fonttbl\f0\fnil\fcharset0 Tahoma;}
{\colortbl;\red255\green255\blue255;\red83\green83\blue83;} \margl1440\margr1440\vieww10800\viewh8400\viewkind0
\deftab720 \pard\pardeftab720\sl380
\f0\fs24 \cf2 Although summer is not officially over, it feels as if it is, but it is not
like people have to get back to work. They have been working all summer, as August may
have been one of the most active months ever in the seniors housing and care M&A market.
We counted about two dozen transactions that closed during the month, plus the big Sunrise
Health Care REIT announced deal. And what was perhaps most surprising was the volume
of skilled nursing sales, which was about half the total. But this wasn\'92t about your
plain vanilla $25,000 per bed sale, or even your market average at $50,000 per bed. Although
these did occur, what was really surprising was the number of sales above $70,000 per
bed, and one topping $150,000 per bed. Investors are not throwing their money away, as these
facilities make real money and will continue to do so. Reimbursement risk?\'a0 Sure, it\'92s
always there, but the risk of not providing high-quality, high-acuity care is even greater
in this changing environment. \'a0}