Development of new memory care facilities over the last decade has been slow; not many new facilities have been built, and for the most part memory care development has been relegated to add-on units and beds in assisted living or independent living facilities.
We are now seeing a reversal in market demand because the Baby Boomers are aging and increasingly needing memory care services. Senior Consulting, LLC, has discovered a significant need for memory care facilities, especially in the Northeast market where there is currently a 99% occupancy rate.
At Senior Consulting, LLC, we are privileged to work with Stan Burton, Senior Vice President of Operations. Stan has over three decades of experience working with 225+ assisted living, memory care and skilled nursing facilities throughout the United States.
What we see today in terms of market demand for memory care suggests there is a massive opportunity for facilities that are ready to build a new facility or turn around a distressed facility by adding a memory care unit. In addition to our assisted living market studies, our memory care market study can help highlight the specific need in your area.
For more on the opportunities in Memory Care, please click here. Otherwise, Contact Us to speak to a consultant for more information on memory care consulting and what your company can be doing today to take advantage of the coming market need.