The seniors housing and care industry ended 2015 with more merger and acquisition records on top of a record-setting 2014, according to a new report. The dollar value of those transactions, however, is less than it was in 2014.

In the fourth quarter of 2015, 105 publicly announced acquisitions occurred in the market, which The Health Care M&A Report defines as independent living, assisted living, memory care, continuing care retirement / life care communities and skilled nursing. That’s on top of 100 transactions in the third quarter of 2015 and compares with 88 transactions in the fourth quarter of 2014.

The number of transactions in the fourth quarter of 2015 represents a record in fourth-quarter activity and resulted in another full-year record of seniors housing and care transactions, which totaled 354 publicly announced acquisitions, or 17% more than in 2014, according to the report. The dollar value of the fourth-quarter 2015 transactions, however, at $2.2 billion, was much lower than it was in the same quarter of 2014, when it was $8.8 billion.

The fourth quarter of 2015 also saw a 50% drop in dollar volume from the third quarter, even though the number of transactions was slightly higher, according to the report. For full-year totals, the dollar value in 2015 was $13.97 billion, which is almost half the total dollar volume of $25.5 billion recorded in 2014.