Continuing Care Retirement Communities

Continuing Care Retirement Communities

Overview

The 3,900 firms classified as continuing care retirement communities (CCRCs) in the US operate 5,500 facilities. Of these, about 38% are assisted living facilities with on-site skilled nursing facilities. About 50% offer independent living, assisted living, and skilled nursing services either on campus or at nearby facilities. These facilities involve a contract each resident signs, entitling them to a continuum of care in exchange for payment of an entrance fee and ongoing monthly fees.

Demographic Trends Grow Demand

Since January 2011, baby boomers have been turning age 65 at a rate of 10,000 per day - and this will continue for 20 years.