|Last Quarterly Update:||3/6/2017|
|SIC Codes:||8051, 8059, 8361|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry provide residential and personal care services for the elderly and others who need or want assistance. Major companies include Brookdale Senior Living, Five Star Quality Care, and Sunrise Senior Living (all based in the US), as well as Tertianum Group (Switzerland), Housing & Care 21 (UK), and Sienna Senior Living (Canada).
Demand for assisted living facilities and services is increasing worldwide as the proportion of people aged 60 or older is growing faster than any other age group due to increased life expectancy and lower fertility rates, according to the World Health Organization. Countries with the fastest growing populations include Brazil, China, and India.
The US continuing care and assisted living facilities industry includes more than 23,000 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of $55 billion. Companies that provide residential skilled nursing services or independent living services are covered in a separate profile.
Demand is driven by demographics and the health of the senior population. The profitability of individual facilities depends on efficient operations. Large companies have some economies of scale in administration and purchasing. Small operators can compete effectively by offering quality service and attractive amenities, or by operating in a prime location. The US industry is fragmented: the 50 largest companies account for about 30% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
The industry includes continuing care retirement communities (CCRCs, about 55% of US revenue) ...
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