Study: Assisted living center costs drop in state
In an updated CareScout study of the cost of long-term care nationally sponsored by
Developers have built a number of new centers in southwestern
"There's campus-like construction that's been done in the past, but not necessarily the sharing of the physical structure in one building where you've got these commingled uses," said
Pressure from new construction
Nationally, construction commenced in the third quarter on nearly 1,440 new assisted living facilities, according to the National Investment Center, an
Speaking to investment analysts this week, the CEO of
"Construction as a percentage of senior housing inventory remains near historical highs, yet it is starting to abate," said Brookdale CEO
The deflationary pressure on assisted living is occurring even as costs increase, particularly with regard to labor, as noted in the CareScout and
In addition to nursing home care, CareScout calculated rates for other forms of senior and invalid care, to include home health care and supervised day care for adults outside of their homes. The cost of a home health aide worker was up 2 percent in southwestern
CareScout calculated a daily rate of
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