CNBC discussion this morning said that healthcare consolidation will continue and accelerate. We should expect more M&A in 2012 and 2013.
Recently, in the senior living space, we have had:
AVCA - unsolicited offer at big premium
SUNH - PE takeover at big premium
SRZ - Strategic takeover at big premium
IntegraCare - Strategic takeover at big premium
What will VTR do next?
HCN accretive return is said to be 6% on the Srz deal
That could value Fve on those metrics on 52 million cash flow @$18
Sweden..you my math wizard pull out your slide rule and check my math...
52 million ebitda that would flow in REIT 47 million shares... Yielding 6% total return accretive.
Fve value today.. 840 million and growing as ebitda increases... $18 a share today
Did you guys read the HCN strategy report..very interesting..link won t post here.. I put it on Srz bb... Read it.. The numbers are all there from ceo
52 million ebitda values Fve @ $18 on those same metrics for accretive return
52 million ebitda..not cash flow