Description
Companies in this industry provide long-term skilled nursing care and social services in residential facilities. Major US companies include Brookdale Senior Living, Golden Living (owned by GGNSC Holdings), HCR Manor Care, and Kindred Healthcare (all based in the US), along with Bupa (UK), ExtendiCare Canada, Korian (France), and Orpea (France).
Internationally, demand for nursing homes and assisted living services is growing along with the number of elderly people. While the number of nursing facilities varies by region, a growing number of countries — particularly those with some form of national health insurance — are experiencing an increase in demand for long-term care options for their aging and infirm citizens.
The US nursing homes and long-term care facilities industry includes about 80,000 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $200 billion. The industry is expected to experience moderate growth over the next two years. A key driver of demand is the aging population. Between 2015 and 2030, the number of Americans 65 and over is expected to increase to around 72 million.
