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Elder Care Independence:

Where Provider and Investor

Outlooks Align

The U.S. healthcare sys-
tem will see a massive
influx of elderly patients as Specializing in Medically
the aging population
grows, and investors are Complex Patients
diving in.
Providers are preparing Kindred Hospitals are owned by Kindred
as well, and according to Healthcare, Inc., a national network of Long Term
recent data, they’re aligned Acute Care Hospitals (LTACH's).
with investors on what the
future goal of elder care Kindred Hospitals provide specialized, high quality
looks like: preserving care for acutely ill patients. For more than a decade,
greater independence for we have fine-tuned the art of medically complex care.
seniors. A recent CBRE sur- BY PATRICK PILCH, MANAGING DIRECTOR Our services range from complex catastrophic
vey—comprised of senior AND NATIONAL LEADER, AND SCOTT HENDON, illnesses that require intensive care, post-surgical medical
housing investors, develop- NATIONAL PRIVATE EQUITY rehabilitation to patients suffering from chronic diseases requiring respiratory and
ers, lenders and brokers— INDUSTRY GROUP LEADER rehabilitative therapies. Kindred Hospitals provide outcome-oriented
found that 60 percent of cost effective care for patients with a wide spectrum of
respondents expected to medical conditions.
increase the size of their senior housing ment plans, providers view home
portfolios this year. The overall volume health—and models that support it—as Admissions to Kindred Hospitals may be
of investments in senior housing is also the future of elder care. Healthcare recommended by physicians, acute-care hospitals,
increasing. Investments in senior hous- organizations said that by 2020, they rehabilitation hospitals, managed care providers, case
ing and care assets totaled $13 billion plan to invest most in home health (44 management companies or by the patient’s family.
between January and December 2017— percent), palliative care (44 percent) and In all cases family tours are encouraged.
up nearly 9 percent from the same period geriatrics (39 percent) to prepare for the
in 2016. growth of the aging population.
Investors are bullish about future What might come next?
demand for elder care services, but Kindred Hospital Kindred Hospital Kindred Hospital Kindred Hospital
where exactly, do they plan to invest? To learn more, visit Fort Lauderdale Hollywood Coral Gables The Palm Beaches
Investors said the most attractive sec- https://www.bdo.com/insights/industries/p 1516 East Las Olas Blvd. 1859 Van Buren St. 5190 Southwest Eighth St. 5555 West Blue Heron Blvd
Ft. Lauderdale FL 33301 Hollywood, FL 33020 Coral Gables, FL 33134 Riviera Beach, FL 33418
tors for investment are independent liv- rivate-equity/infographic-perspective-in- 954-764-8900, ext. 5136 954-920-9000 305-448-1585 561-904-8451
ing (36 percent), assisted living (23 per- healthcare(1)?utm_source=Blog&utm_med www.khfortlauderdale.com www.khsfhollywood.com www.khcoralgables.com www.khthepalmbeaches.com
cent) and nursing care (17 percent). ium=Blog%20Redirect&utm_campaign=P
Overall, the data indicates that investors Erspective%20in%20Healthcare
will focus primarily on home health care
or other models that preserve seniors’ Our South Florida healthcare leaders are
independence as much as possible. ready to address your complex and unique
According to BDO’s Candid Conver - needs:
sations on Elder Care, providers are on Alfredo Cepero, Managing Partner
board with this plan. (305) 420-8006 / acepero@bdo.com
The study (with NEJM Catalyst) shows Angelo Pirozzi, Partner
that, according to their near-term invest- (646) 520-2870 / apirozzi@bdo.com
MEDICCAL DIVISIONN

Succession Planning for Your Business nancial Planning to
nancial Planning to
Continued from previous page astal Wealth??
business is the chosen successor, you should indicate how you plan for equitable dis- pg you achieve you ur goals

tribution of the remainder of your estate for other family members, such as other chil-
dren, who have no knowledge of the business. withh accoun tabilityy!
• Sale Proceeds: You’ll also want to include instructions relating to taxes from the
proceeds of the sale of your business, and detail what should occur regarding your
personal estate plan.

Timing matters
Regardless of what form your succession plan takes, its ultimate success often
hinges on timing. The sooner you start planning for the eventual transition, the more
flexibility you’ll have in making future adjustments because — let’s face it — the only
thing that’s guaranteed is change.
For more information, please contact Howard Wolkowitz at
HWolkowitz@mycoastalwealth.com or (954) 558-3673.
The information provided is not written or intended as specific tax or legal advice.
MassMutual, its employees and representatives are not authorized to give tax or legal advice.
You are encouraged to seek advice from your own tax or legal counsel. Opinions expressed by
those interviewed are their own, and do not necessarily represent the views of Massachusetts
Mutual Life Insurance Company.
© 2018 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001
CRN202105-230367
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South Florida Hospital News southfloridahospitalnews.com August 2018 5