How Profitable is Owning a Personal Care Home (PCH) or Assisted Living?

How Profitable is Owning a Personal Care Home (PCH) or Assisted Living?

Baby boomers have and will continue to change the face of the US population. According to census.gov, there are around 73 million baby boomers today. This makes them the second-largest age group after millennials. And as they age, the big bulge will add to the American population’s general aging in the coming years. This only means one thing for investors in the industry – opportunity through a PCH or assisted living facility. With about 10,000 seniors turning 65 every day, there’s a growing demand for senior care services. Friends and families are continually looking for ways to ensure their elderly are comfortable and well cared for. That’s why some of them hire caregivers to care for their loved ones at home. Others enroll their elderly in facilities that offer services for seniors, like assisted living homes. These services provide long-term solutions to senior care problems. Projections from 2016 were proven that the global home care services – a small segment of the industry –  rose in revenue from 100 billion in 2016 to $225 billion in 2020 (buyorsellbusiness.com). This growth is fueled by the expanding elderly population, longer life expectancies, and modified federal regulations that allow for more flexibility in payment and service options for patients.

Why is Hall’s Personal Care Homes a Good Solution for Aging Seniors?  

Hall’s Personal Care Home (HAR MLS# 66886887) 12402 Renwick, Dr. Houston, TX  77035  provides 'home-style', live-in accommodation, with 24 hour-a-day supervised staffing for elderly residents, who may need extra help and support with their personal care.    If seniors can’t take care of their essential every-day tasks, getting help from the professionals is the right idea. Personal care home services can fill their daily needs and can help them in their health-related issues in the comfort of a place they can call home. Personal Care Homes  are a viable alternative to old age and can help seniors have a better life.

Hall’s Personal Care Home is located just minutes away from Houston's Texas Medical Center (TMC) is the largest medical center in the world containing 54 medicine-related institutions, 21 hospitals, 8 specialty institutions, 8 academic and research institutions, 4 medical schools, 7 nursing schools, 3 public health organizations, 2 pharmacy schools and a dental school.  

TMC at a glance:

10 million patient encounters per year

180,000+ annual surgeries

750,000 ER visits per year

9,200 total patient beds

50 million developed square feet

13,600+ total heart surgeries

$3 billion in construction projects underway

106,000+ total employees

8th largest business district in the U.S.  

#yourhoustonrealestateresource #realincllc #babyboomer #seniorliving #seniorplacment #personalcarehomes #assistedliving #activeseniors #texasmedicalcenter