While nobody in the field is shouting it from the mountain tops, the long-term care sector has been enjoying more than its share of easy layups lately. That could be coming to an end in the not too distant future.
Prices for assisted living communities grew 45% in 2011, to $156,900 per unit, according to a new report. Senior living industry analysts were encouraged by the results of the report, which showed that even amidst a lingering recession, investors were willing to pay more for high-quality assisted living communities.
There were smaller cost increases at some long-term care facilities from 2008-2010 as a result of the economic recession, according to a new analysis from Prudential Financial Inc., a financial services company.
The recession has been especially hard on lower-income, older adults, according to a study released Tuesday by AARP.
The time has come to decentralize long-term care organizations to attract more entrepreneurial, innovative and committed leaders.
The recession has seriously bruised states over the last year and they will continue to face fiscal difficulties, according to reports released last week by the National Governors Association and the National Association of State Budget Officers.
Nurses are taking on more hours and more shifts during the recession, but many say that it's only temporary, according to a new survey.