This likely renewed speculation that the long-term care and nursing home industry will see further consolidation due to its challenging operating environment.

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In a speech at an annual steel conference in New York, he said that further consolidation in the industry would be required to allow steelmakers flexibility to get to grips with the cyclical nature of the market.

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Further consolidation seems inevitable in the industry, which is why observers are inclined to believe media reports of another big takeover to come.

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In an industry that is expected to see further consolidation, Skilled Healthcare represents one of the best bargains around.

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Peter Harbison, executive chairman of the Center for Asia Pacific Aviation (CAPA) also said further consolidation was likely, as the industry was "coming to the end of an evolutionary cycle" in which air travel had been dominated by national carriers subsidized by governments.

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