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Leisure Care Holding its Own in the Market

BELLEVUE, WA-The public sector of the retirement and assisted-living industry is beset with financial woes, with some companies falling by the wayside despite a growing need for facilities. But privately-held Leisure Care is holding its own, and then some.

By Janet Parker | Updated on December 17, 2001

BELLEVUE, WA-It is a tide that will not be held back by straight economics. While demand for new offices and other commercial construction cycles with the economy, the need for additional retirement and assisted-living facilities is being drive by more than 70 million aging baby boomers that will reach or surpass age 65 by the year 2030.

Despite the increasing need and developers’ attempts to fill it, however, nationally the public long-term-care industry is fighting for its survival, facing shortages of health care workers and profitability.

Assisted-living companies that went public in the last decade number more than a dozen. But many succumbed to financial death–and now only four of the survivors’ stocks are trading upwards of a buck a share.

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