United States Assisted Living Facility Market Outlook Report 2022-2027: Advent of Next-Generation Assisting Living Communities & Rise in Frequency of Mergers and Acquisitions Bolsters Growth - ResearchAndMarkets.com
In the U.S., increased shifting towards independent living by senior/adult older people is delivering high market growth opportunities to assisted living facility market.
- In the U.S., increased shifting towards independent living by senior/adult older people is delivering high market growth opportunities to assisted living facility market.
- Medicare and Medicaid do not fully cover assisted living costs or rent, but Medicaid covers the medical expenses at an assisted living facility.
- Medicare and Medicaid represent some reimbursement helpful for assisted living facilities and seniors who reside in the assisted living facilities.
- Currently, more than 28,900 assisted living facility providers are available in the U.S. Brookdale Senior Living, Alerislife (Five Star Senior Living), Atria Senior Living, and Enlivant hold a major share in the U.S. assisted living facility market.