|By Lawrence Budd, Dayton Daily News, Ohio|
|McClatchy-Tribune Information Services|
More than 5 million Americans suffer from Alzheimer's. That number is expected to balloon to more than 16 million by 2050 "barring the development of medical breakthroughs to prevent, slow or stop the disease," according to the
Private developers and investment firms are behind some efforts to meet anticipated demand for services.
"You can bet that investors are certainly scanning the demographic environment to be the first to invest in it," said
Similar facilities are planned by out-of-state developers in
"This is happening all over the nation," said
The Wegman-Columbia partnership already operates
Over the next year, it plans to open new facilities in
Rates have not been set at Springboro Senior Living, which would accommodate 111 residents, including a 25-bed unit for memory care for seniors who can afford to pay privately, McEntee said.
It would employ about 60 people -- 35-to-40 full-time -- on 7.5 acres on west
The center would be part of a
Next spring in
JEA, based in
"They want to start building as soon as they can," said
The one-story building is to cost an estimated
35,000 in region have Alzheimer's
One in eight older Americans comprise the estimated 5.4 million with Alzheimer's, the sixth-leading cause of death in the U.S. and the only cause of death among the top 10 that cannot be prevented or cured, according to the
An estimated 250,000 Ohioans have Alzheimer's, including 35,000 in the region that includes
Last year, there were almost 49,000 memory care units undergoing construction, according to the
Otterbein Senior Lifestyle Choices, a nonprofit based in
In most cases, private assets must be spent down to
"There are very few of the new memory units that are licensed for our assisted-living waiver," McGarry said.
Care is costly
McGarry said private care rates range widely.
Smith's 84-year-old mother, Wilma, was diagnosed with Alzheimer's 2 1/2 years ago. Smith and her siblings have decided it no longer will be safe for their mother to continue to live on her own by the end of the summer.
Families need to look for facilities that provide residents with meaning, purpose, connection and active engagement, Kerr said.
"There are ways to do that that don't cost a lot of money. It requires staff training," Kerr said. "It's a matter of having the right people to begin with."
Smith and her husband, Craig, have been shopping for about four months, narrowing choices close to home.
The family expects to be able to afford private care, thanks to two long-term care insurance policies and their mother's savings.
"I'm not sure how many people are in that situation," Smith said. "I feel very fortunate."
(c)2014 the Dayton Daily News (Dayton, Ohio)
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