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The property was sold in a bankruptcy auction to Senior Care Development, LLC, a Harrison, New York–based non-denominational senior care company. [3] The property is managed by Life Care Services. [5] From 2014 to 2016, The Clare's occupancy increased from 44% to 98% and now has a wait list for larger units.
Assisted living facilities, initially established to support older Americans in their later years, have become increasingly focused on maximizing financial gains at the expense of their residents' well-being. Over the period from 2004 to 2021, the median annual cost of assisted living has outpaced inflation by 31%, increasing to $54,000 per ...
For the average woman who needs 3.7 years of care, according to the U.S. Department of Health & Human Services, the total estimated median cost for assisted living is $199,800.
The average total cost for a U.S. one bedroom independent senior living apartment is $2,750 per month. In 2011, the average rate for a private bedroom at a U.S. nursing home was $239 per day, or nearly $7,270 per month. [ 5 ]
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related to: the waters senior living cost"Offered reassurance and thoughtful support" - Site Jabber