Prairie Home Hospice & Community Care, a Marshall, Minnesota-based provider of hospice and home health services, announced last month that it was acquiring Fieldcrest Assisted Living in nearby Cottonwood. The community will begin operating under Prairie Home’s license on March 1. This is the latest example of the increasing interest hospice providers are showing in senior living, particularly assisted living, where hospice is a growth industry. While hospice utilization among Medicare enrollees grew by 35% between 2011 and 2019, the demand in assisted living skyrocketed by over 100%, according to a Senior Housing News report released last October.
Read the full article: Hospice Provider’s Assisted Living Acquisition Highlights Growing Trend //
Source: https://seniorhousingnews.com/2020/02/25/hospice-providers-assisted-living-acquisition-highlights-growing-trend