Shorter stays in assisted living are driving higher valuations and improved cash flow for operators – but they come with a heavier duty of care and the risk of losses on service delivery.
Retirement village operators delivering assisted living are turning over units up to three times faster than traditional independent living units (ILUs) – but with that speed comes a greater responsibility to meet rising care needs.
Just take a look at the 2023 PwC/Property Council Retirement Census. The data shows the average stay in assisted living is 5.2 years, compared to 8.7 years for ILUs.
Subscribe to The Weekly SOURCE to read the full story.