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Continuing Care Retirement Communities — Attractive to Members, But What About Sponsors?

Published online by Cambridge University Press:  10 June 2011

R.A. Humble  and
D.G. Ryan
R.A. Humble
Affiliation:
Watson Wyatt Partners, Watson House, London Road, Reigate, Surrey, RH2 9PQ U.K. Tel: +44 (0)1737 241144; Fax: +44 (0)1737 241496
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Abstract

This paper is concerned with the development and operation of Continuing Care Retirement Communities (CCRCs). The paper examines the financial structure of a CCRC, being developed by the Joseph Rowntree Housing Trust, and describes a population model utilising transition probabilities to project care needs and financial performance.

The paper then explores the possibility of commercial organisations becoming involved in this market, and examines the risks that such a venture would entail and the strategies that may be adopted to reduce these risks.

Keywords

Continuing Care Retirement CommunitiesTransition ProbabilitiesActivities of Daily Living
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 4 , Issue 3 , 01 August 1998 , pp. 547 - 614
Copyright
Copyright © Institute and Faculty of Actuaries 1998

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