Kansas officially takes over 15 financially failing nursing homes, looks for potential buyers ... Mergers and acquisitions in seniors housing and care hold steady in first quarter ... Police: Nursing home residents complained of pain because nurse secretly stole their narcotics
The trend of strong merger and acquisition activity in the senior housing market has not abated, with the average price per skilled nursing unit up 7% from a year ago. This is according to the latest quarterly figures from business intelligence firm Irving Levin Associates Inc.
After a two-year period of sluggish merger and acquisition activity in the seniors housing market, the industry started to show signs of rebounding in 2010. As the rest of the economy recovers, analysts are predicting a bullish market ahead for the next few years.