Transitions in ownership or sponsorship among not-for-profit senior living and care providers reached an all-time high in 2023, according to an update released this week from Ziegler.
Transitions among such providers have been on an upward trajectory since 2015 and even more so since the 2020, fueled by financial challenges related to the pandemic, the specialty investment bank said.
Since 2015, 900 not-for-profit senior living communities or skilled nursing facilities have undergone transitions, “reflecting the increasing view of affiliation as an important strategic option in an organization’s toolkit for growth,” Vice President of Senior Living Research Cathy Owen wrote. Eighty-four of those transitions occurred in 2015; there have been 876 so far in 2023, reports McKnights Senior Living. Read more.
