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September 12, 2024

White Paper

Competition, Labor and Costs Challenge High Growth of Senior Living Market

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The aging of Baby Boomers is fueling a soaring senior living market. Continuing care retirement communities are catering to a generation of people who want to stay independent for as long as possible and then tap into quality health care without needing to make another major move. But operators of these facilities face several challenges that could hamper their ability to continue recruiting and retaining residents. To overcome these hurdles, they need to get creative, embracing everything from new hiring and staff training to technology advances using AI.

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