CCRC

The market for long-term care services is likely to grow at a rate of 5% to 6% per year, a new study finds. Healthcare market research publisher Kalorama estimates the long-term care market in 2010 was $258 billion in its new report, "Long Term Care Market: Nursing Homes, Home Care, Hospice Care, and Assisted Living."

The nation's largest continuing care retirement community will receive a very special visitor today: Memogolo Semane Molotlegi, The Queen Mother of The Bafokeng Nation in South Africa. She will be visiting Riderwood in Silver Spring, MD, to learn how to apply American-style senior housing concepts in her community.

The number of U.S. continuing care retirement communities—often estimated at around 2,500—is actually fewer than 1,900, according to a new analysis by Ziegler Capital Markets.

A demonstration proposal that would create a new kind of continuing care retirement community would save state Medicaid programs upwards of 20% on long-term care costs, according to a report from Avalere.

The continuing care retirement community sector is facing a negative outlook over the next 12 to 24 months, according to the newly released CCRC Median Ratios report from Fitch Ratings. Fitch will hold a conference call at 11a.m. EST this morning to discuss the findings.