In 2014 there were numerous reports of small- and mid-sized post-acute care and long-term care providers being bought or merged with other providers.
This year the pace appears to have picked up, with a number of high-profile acquisitions occurring between larger providers.
Here are a few of the more high-profile mergers and acquisitions that have taken place this year in the post-acute and long-term care industry:
Brookdale Senior Living acquired the entire U.S. portfolio of Chartwell Retirement Residences, which amounts to 35 private-pay senior housing communities, for $847 million.
The Ensign Group agreed to purchase ten skilled nursing and assisted living operations in Arizona. They also acquired Olympia Transitional Care and Rehabilitation, a 125-bed skilled nursing facility in Olympia, Washington.
NorthStar Healthcare added 15 CCRCs to its portfolio. The portfolio has 15 CCRCs and 23 life estate units. The 3,600-plus units are located in 11 states, with the largest groups in New York, California, Florida and Michigan.
Legend Senior Living recently announced the acquisition of five assisted living and memory care communities in Texas, consisting of 375 units formerly operated by Signature Senior Living.
American Baptist Homes of the West (ABHOW) and be.group have agreed to merge. The consolidation will create California’s largest nonprofit senior living provider and one of the half-dozen largest nationally, the companies said.
The long-term impact of these mergers and acquisitions are not known at this time.
But there may be lessons to be learned from the rocky merger of Brookdale and Emeritus in 2014. Will these mergers result in positive business results and improved patient care? Time will tell.
But one thing is certain: the pace of mergers and acquisitions in this industry is showing no signs of slowing.