Markets We Serve
Skilled Nursing Facilities
There are over 17,000 skilled nursing facilities in US with 1.84 million beds. And this number is expected to grow 10% per year through 2016. By 2020, a 65-year-old man could be expected to live to the age of 82, and a woman could expect to live to the age of 85. For those over the age of 65, there is a 41 percent chance that they will spend an average of 2.5 years in a skilled nursing facility.
Acute and Critical Care Facilities
Although there has been a decline in the number of hospitals that provide acute care services in the United States, there are an estimated 5,200 medical facilities. The total numbers of acute care facilities and out-patient surgery centers have increased annually.
Assisted Living Facilities:
There are approximately 33,000 Assisted Living Facilities operating in the U.S. today. Nursing home spending is expected to grow 6.6 percent each year by 2018.
Hospitals and Medical Institutions
There are over 5,000 hospitals in the U.S. That’s approximately 1,000,000 beds. Although the short-term outlook for hospitals is mixed, a common theme is to reduce the total cost of care, improve efficiencies and allow patients to remain in their home with home based care as long as possible.
In fiscal year 2008, the Department of Veterans Affairs (VA) spent about $4.1 billion on long-term care for veterans. The VA estimated a budget increase of 165% between fiscal years 2008 and 2015 for institutional and non-institutional care.
Home Medical Care Industry
It is estimated that in 2010 there were over 30,000 home health care facilities in the United States. Home health care spending is projected to grow an average of 7.9 percent from 2013 to 2018.
Respiratory Therapy- Physical/Occupational Therapy Centers
There are well over 5,000 physical therapy facilities throughout the United States. The demand for physical therapists is expected to grow by 30% over the next decade.