On September 15, at the 2016 NIC Fall Conference, NIC released its 2Q2016 Skilled Nursing Data Report. The report includes key occupancy and revenue metrics from October 2011 through June 2016. In today’s blog post, I’ll walk you through the data.
The decrease in transactions volume in the second quarter of 2016 was due to a decrease in all buyer types: the public type (any publicly-traded company), the private type (not publicly traded, such as a private REIT, single owner, or partnership), and the institutional type (equity funds that manage pension money or other types of institutional money).
The second quarter of 2016 marked a significant drop in volume for closed seniors housing and care property sales transactions. Volume in the second quarter registered $1.6 billion. That includes $1 billion in seniors housing and $600 million in nursing care. The total volume was down 61% from the previous quarter’s $4.3 billion and down 81% from the second quarter of 2015, when volume came in at $8.7 billion.
NIC released its Skilled Nursing Data Report on June 21, 2016. In this week’s blog post, we’ll take a closer look at the release and provide a detailed analysis.
Hospital relationships are a critical component for success within the current post-acute care (PAC) environment. With hospitals now more willing than ever to listen, building these relationships should be one of the top priorities for skilled nursing providers and other PAC providers.