Assisted living comes in second to skilled nursing in housing the elderly outside of traditional homes, according to the latest “SK&A U.S. Elder Care Market Summary.”
Skilled nursing centers represent 67% of the seniors housing and care market, whereas assisted living has 16% of the market, according to the report. The SK&A report lists assisted living separately from personal care and board-and-care facilities, each of which it said represents approximately 1% of the market.
Retirement/residential (independent living) is the third-largest category, at 4% of the market.
Memory care has 2% of the market, according to the report.