Facility companies drove the M&A action.

Long-term care (LTC) facility companies were in a mood to shop in the first quarter.

Analysts at PricewaterhouseCoopers reported that post-acute care companies announced 68 deals with a total announced value of $5.5 billion in the quarter, up from fewer than 50 deals with a value considerably less than $5 billion in the first quarter of 2013.

The firm includes LTC facility companies, home health care companies and rehabilitation services providers in the post-acute care category.

Home health and rehab company dealmaking got off to a slow start, the analysts say.

The biggest buyer was Brookdale Senior Living Inc. In February, Brookdale agreed to acquire Emeritus Corp.

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