Older Americans in need of care face sharp spikes in the cost of increasingly popular assisted living quarters and home health aides, according to a study.
The average price tag for a private one-bedroom unit in an assisted living facility rose 7 percent in 2006 to about $33,000 per year, compared with a [...]
Sunrise Senior Living Inc., which operates 415 communities for the elderly in North America and Europe, said Tuesday its fourth-quarter profit rose more than threefold, aided by recent acquisitions, higher occupancy rates and a gain from an asset sale.
The company also backed its financial forecast for the current year and projected earnings growth between 15 [...]