The pace of not-for-profit senior living mergers and acquisitions remained stable in 2024 compared with 2023. There were 62 transactions announced in 2024, up 3 from the previous year. Those transactions were almost evenly split between for-profit organizations acquiring senior facilities from not-for-profit sellers (33) and not-for-profits acquiring either other not-for-profits or for-profit facilities (29). But the nature of last year’s announced transactions suggests that change is afoot in the not-for-profit senior living industry. Of those 29 transactions in which a not-for-profit is the survivor, nearly 60% (17) of the acquirers were outside the 50 largest not-for-profit senior living organizations as designated by the LeadingAge Ziegler LZ 200 Report.
Read the full article: Not-for-Profit Senior Living M&A in Review: Trends Emerge as Consolidation Continues in 2024 //
Source: https://www.kaufmanhall.com/insights/research-report/not-profit-senior-living-ma-review-trends-emerge-consolidation-continues