COVID-19 and its accompanying economic fallout have weakened investors' appetite for purchasing senior housing to a record-low, according to a new report.
Only 59 senior housing and care acquisitions were publicly announced in Q2 2020, the first time deals have dropped below 60 transactions since Q2 2013, based on data collected by Irving Levin Associates Inc.'s M&A database Deal Search Online.
To be sure, acquisitions were on a downward trend in recent quarters, the senior care and healthcare M&A and finance publisher noted in its press release. In Q1 2020, 99 transactions were announced compared to 117 deals recorded in Q2 2019. The recent dips were not only attributed to COVID-19′s economic impact but the contagious virus' affect on travel, Irving Levin Associates noted.
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Victoria Hudgins
I am a reporter for Legaltech News where I cover data privacy, cybersecurity and technology's impact on the business and practice of law.
