Mergers in Senior Living Market Continue…
Do you remember “separate” assisted living and nursing home operations with the names of Kindred, Sunrise, Brookdale, Holiday Retirement and Atria? Perhaps you haven’t noticed, but Ventas has either acquired or taken significant ownership positions in all of these operations, as Ventas seeks to offset lower rates paid by Medicaid/Medicare with higher income from “private pay” operations. Here’s Ventas’ news release on its most recent acquisitions, and here’s a McKnight News piece on the impact. While I don’t teach M & A courses, for those of us interested in financing issues for long-term care, I have to think that it is a good idea to keep an eye on what is happening with consolidation of senior living providers.
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