Long-term care-related merger and acquisition activity this year is on pace to meet or exceed last year’s total, according to Bloomberg.

Year-to-date, long-term care transactions — including deals in assisted living, skilled nursing, home health and hospice — total 169, matching last year’s total at this point, the company said.

In fact, Bloomberg said, long-term care has been one of the most active sectors within healthcare industry as consolidations mount. Sixty-nine long-term care transactions were announced or closed in the third quarter, more than any other healthcare segment watched by investment bankers, the company said.

Several factors are driving activity, Bloomberg said, including a systemwide push to provide care in the most cost-effective setting, the aging population, pressure to limit hospital readmissions and improve care quality, and “significant” financing from real estate investment trusts, private equity companies and healthcare systems.