New findings in the 2013 Senior Care Acquisition Report show investors optimistic about long term care housing. In the nursing home and assisted living sectors, prices rose to exorbitant amounts, astonishing even seasoned investors.
This report found that in nursing homes, the average price for a bed was $60,400. Assisted living facilities were even more expensive, the average amounting to $164,000.
Executive Director of Families for Better Care said that “Assisted living facilities were a hot commodity as they ‘dominated’ the market.” These exorbitant prices would make it seem that the industry has been successful even during the recent recession and Obamacare which will hopefully lead to more money for resident care, and not the pockets of the corporate owners.
See article at Fort Mill Times.