Revenue for continuing-care retirement communities rose more than 10% to $18 billion in 2005, according to a report by the U.S. Census Bureau. The annual survey on the healthcare and social-assistance industries tracks revenue for firms with paid employees. The data for the continuing-care retirement segment reflects estimates for both taxable and tax-exempt firms. By comparison, revenue increased about 6% to $16.3 billion in 2004. The data show were continuing alternatives to institutionalization, said Richard Narad, a professor of health services administration at California State University, Chico. A continuing-care concept allows the best of both worlds: the care (people) need and the independence their health permits. View the data. -- by Jessica Zigmond
Retirement community revenue climbs
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