Extra fees drive assisted living profits minnpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from minnpost.com Daily Mail and Mail on Sunday newspapers.
Assisted living centers have become an appealing retirement option for hundreds of thousands of boomers who can no longer live independently, promising a cheerful alternative to the institutional feel of a nursing home.
Assisted living facilities have become one of the most lucrative branches of the long-term care industry that caters to people 65 and older. Investors, regional companies, and international real estate trusts have jumped in.