The baby boomers are about to become the largest generation in U.S. history to reach long-term care spaces. Born between 1946 and 1964, as defined by Pew Research Baby Boomers He will turn 80 next year. The team will flood the existing senior care space Insufficient staff and insufficient funds And face politics uncertain.
“For the number of elderly people who need long-term care and lifelong care, this space is completely insufficient,” said David Grabowski, professor of health care policy at Harvard Medical School. “Historically, we have been relying heavily on families. In the past, we wouldn’t have had a lot of family members.”
Now, private equity is increasingly looking to enter the market. recent study It was discovered that between 2015 and 2022, 47 private equity firms purchased 124 U.S. hospice institutions. According to a study from the study, today it is estimated that 75% are University of Pennsylvania.
“Hospital care is the beginning of a grassroots, nonprofit movement, and decades ago most care was provided by strict nonprofit organizations,” said Robert Tyler Braun, assistant professor of health policy and economics at Weill Cornell Medicine. “Now, in the current landscape, most hospice providers are for profit.”
Nursing homes and Long-term care Facilities have long been the acquisition target of private equity and publicly traded companies. Coherent Market Insights Data provided to CNBC show that the same trend in the hospice field has increased significantly since the 2010s.
Watch the video above to see how these investments affect the space, investing in it and what it means for older people and their families.
