Why 2023 Is Shaping Up to Be Private Equity’s Big Year in Senior Living

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Last week, we learned that the first quarter of 2023 was the slowest for new senior living M&A since the same period in 2021. Interest rates causing headaches in capital markets were a big reason why.

For companies that previously planned to rely on sourcing debt for new deals, the cost of capital and general uncertainty are still a big and ever-present barrier to closing transactions. Making matters harder, asset pricing is not where some sellers want it to be, prompting them to hold on for potentially better deals ahead.

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