What is an Assisted Living Business?

Assisted living is a type of senior housing that provides support and assistance with activities of daily living (ADLs) for older adults who need help with some daily tasks, but do not require the round-the-clock medical care provided by a nursing home.

Assisted living facilities typically offer a variety of services, including meals, housekeeping, and transportation, as well as assistance with ADLs such as dressing, bathing, and taking medications.

In an assisted living business, the owner or operator of the facility provides these services to residents in exchange for a fee. The business model for assisted living facilities can vary, but they may be structured as a for-profit or non-profit organization. Assisted living facilities may also be operated as part of a larger senior living community that offers a range of housing and care options.

Assisted living businesses typically target older adults who need some level of assistance with daily tasks, but want to maintain as much independence as possible. These facilities can be a good option for seniors who can no longer live on their own, but do not need the intense medical care provided by a nursing home.

Assisted living facilities may also be a good choice for seniors who want to be around others their own age and enjoy a sense of community.