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Nursing Home Studies

Following is a synopsis of components typically included within market feasibility studies for nursing home/skilled-care development

Site Inspection

Each proposed site is personally inspected by a Danter Company field analyst. The site is inspected for the suitability for development as it relates to the market. A full area description is included identifying surrounding land uses, as well as proximity to area resident services.

Effective Market Area

An EMA will be identified for the subject site. This EMA is the smallest area from which the proposed project is expected to receive 60% to 70% of its support.

100% Field Survey

Nursing home development in the EMA will be surveyed to determine the following characteristics:

  1. Number of private/semiprivate beds
  2. Care level (Intermediate/Intensive)
  3. Fees
  4. Vacancies
  5. Year opened
  6. Number of private pay patients
  7. Amenities/services
  8. Sponsor/operator

Conclusions and Recommendations

  1. Market support for additional nursing home beds based on using established capture factors among area age- and income-appropriate households.
  2. Potential competitive impact of existing facilities.
  3. Support for nursing beds at the site.
  4. Unit mix
  5. Rental rates
  6. Unit amenities
  7. Project amenities/services
  8. Square footage
  9. Absorption and product release schedule
  10. Anticipated support from private pay patients.

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For more information about any of these services, please call us at (614) 221-9096 during business hours (8 am to 5 pm) Eastern US time, or fill out our contact form.

 
   

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Danter & Asscicates, LLC, 2760 Airport Drive, Suite 135 Columbus, OH 43219
(614) 221-9096