Understanding the possession construction of a nursing house chain offers priceless context for residents, their households, and anybody within the long-term care trade. This data affords insights into the group’s operational priorities, potential funding in care high quality, and company decision-making processes. For instance, a privately held firm could have totally different aims than a publicly traded one, impacting useful resource allocation and repair supply.
Transparency in possession is important for accountability inside the healthcare sector. It permits stakeholders to evaluate potential conflicts of curiosity, monitor efficiency towards trade benchmarks, and perceive the monetary stability of the group. Traditionally, the long-term care panorama has advanced, shifting from primarily small, family-owned services to bigger company entities and personal fairness involvement. This evolution underscores the significance of available details about possession for knowledgeable decision-making.
This exploration will delve into the specifics of Elderwood’s company construction, inspecting its possession historical past, present stakeholders, and any related affiliations or subsidiaries. Additional evaluation will think about the implications of this possession mannequin on resident care and the broader long-term care trade.
1. Put up Acute Companions (prior proprietor)
Put up Acute Companions’ prior possession of Elderwood offers essential context for understanding the corporate’s present operational construction and market place. Put up Acute, based by Dr. Jeffrey Rubin, targeted on buying and managing post-acute care suppliers. Their possession interval noticed important growth for Elderwood, rising its geographic attain and repair choices. This growth laid the groundwork for Elderwood’s eventual acquisition by Consulate Well being Care. Understanding this historic context illuminates the trajectory of Elderwood’s development and evolution inside the long-term care trade. As an example, investments made by Put up Acute in facility upgrades or expertise infrastructure should still impression Elderwood’s present operations.
The transition of possession from Put up Acute to Consulate Well being Care in 2017 marked a big shift in Elderwood’s company oversight. Whereas Put up Acute targeted totally on post-acute care, Consulate operates a broader community of healthcare services. This transformation probably influenced Elderwood’s integration into a bigger company construction, impacting useful resource allocation, strategic priorities, and operational procedures. Analyzing this transition affords insights into the dynamics of mergers and acquisitions inside the healthcare sector and their results on subsidiary organizations like Elderwood.
Analyzing Put up Acute Companions’ function as a earlier proprietor offers priceless context for understanding Elderwood’s present standing. Their affect on Elderwood’s development and growth, coupled with the next acquisition by Consulate Well being Care, affords a key perspective for analyzing Elderwood’s present market place, operational technique, and potential future trajectory. This understanding is essential for stakeholders evaluating Elderwood’s efficiency and its place inside the broader long-term care panorama.
2. Consulate Well being Care (present proprietor)
Consulate Well being Care’s possession of Elderwood is central to understanding the nursing house chain’s present operations and strategic path. The acquisition in 2017 positioned Elderwood inside a big, for-profit community, considerably impacting its company construction and operational framework. Consulate’s affect extends to areas resembling useful resource allocation, high quality requirements, and monetary efficiency. This relationship impacts not solely Elderwood’s inner functioning but additionally its interactions with residents, households, and regulatory our bodies. For instance, Consulate’s company insurance policies concerning staffing ranges or funds allocations immediately impression the care supplied inside Elderwood services.
Consulate Well being Care’s operational historical past and monetary efficiency present additional context for assessing Elderwood’s present standing. As one of many largest nursing house chains in the US, Consulate has confronted scrutiny concerning high quality of care and regulatory compliance. Understanding these points of Consulate’s company historical past is important when evaluating Elderwood’s efficiency and potential challenges. As an example, any monetary pressures on Consulate might affect useful resource allocation inside Elderwood, probably impacting staffing ratios or the provision of sure providers. This interconnectedness underscores the importance of inspecting the father or mother firm’s affect on subsidiary operations.
In abstract, understanding Consulate Well being Care’s function as the present proprietor of Elderwood is essential for a complete evaluation of the nursing house chain. This possession connection influences Elderwood’s operational methods, monetary stability, and total high quality of care. Evaluating Consulate’s company historical past, monetary efficiency, and regulatory compliance affords essential insights for stakeholders looking for a whole understanding of Elderwood’s present place and potential future trajectory inside the long-term care trade. The implications of this possession dynamic prolong to residents, households, and the broader healthcare panorama.
3. Non-public fairness involvement
Non-public fairness’s affect on the long-term care sector, together with its involvement with Elderwood, warrants cautious examination. Understanding the function of personal fairness companies offers important context for analyzing possession constructions, operational priorities, and potential monetary implications inside nursing house chains. This exploration delves into the multifaceted relationship between personal fairness and Elderwood’s possession, aiming to make clear its significance for stakeholders.
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Monetary Methods and Operational Impression
Non-public fairness companies usually prioritize maximizing returns on funding, which might translate into particular operational methods inside their portfolio corporations, resembling Elderwood. These methods may embrace cost-cutting measures, streamlining providers, or specializing in income development. For instance, a personal fairness proprietor may implement centralized procurement processes to scale back bills or prioritize higher-reimbursement therapies. Such selections can have important implications for resident care and employees workload.
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Funding and Divestment Cycles
Non-public fairness companies sometimes function inside outlined funding horizons, involving acquisition, administration, and eventual divestment of belongings. This cyclical strategy can result in intervals of instability or transition inside portfolio corporations like Elderwood. For instance, the sale of Elderwood from Put up Acute Companions to Consulate Well being Care displays this funding cycle. Such transitions can impression long-term planning, employees morale, and the continuity of care supplied to residents.
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Debt Constructions and Monetary Danger
Non-public fairness acquisitions usually contain leveraging important debt, inserting monetary burdens on the acquired corporations. This debt can impression operational selections and create monetary vulnerabilities inside nursing house chains. For instance, excessive debt ranges may restrict Elderwood’s capability to put money into facility upgrades or employees coaching. Understanding these monetary dynamics is essential for assessing the long-term stability and sustainability of care supplied inside Elderwood services.
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Transparency and Accountability
The advanced possession constructions usually related to personal fairness involvement can typically obscure strains of accountability. This lack of transparency could make it difficult for stakeholders, together with residents and households, to know decision-making processes and maintain the suitable entities answerable for high quality of care. Subsequently, clear disclosure of possession constructions and monetary preparations is important for sustaining public belief and guaranteeing correct oversight inside the long-term care sector.
Analyzing the affect of personal fairness on Elderwoods possession and operations offers essential insights for evaluating the companys present standing and potential future trajectory. The monetary methods, funding cycles, debt constructions, and transparency considerations related to personal fairness involvement considerably impression the long-term care panorama, influencing the standard of care, monetary stability, and operational practices inside nursing house chains like Elderwood.
4. For-profit construction
Elderwood’s operation inside a for-profit construction considerably influences its monetary priorities and operational methods. This construction, inherent in its possession by Consulate Well being Care, shapes useful resource allocation, staffing selections, and the general strategy to service supply. Understanding this framework is essential for evaluating Elderwood’s efficiency and its place inside the broader long-term care panorama.
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Revenue Maximization and Useful resource Allocation
For-profit entities prioritize producing earnings for stakeholders. This focus can affect useful resource allocation selections inside Elderwood, probably impacting staffing ranges, facility upkeep, and the provision of specialised providers. For instance, budgetary constraints may result in limitations on employees coaching packages or the postponement of facility upgrades. Balancing profitability with high quality of care presents an ongoing problem inside this construction.
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Market Competitors and Service Diversification
Working in a aggressive market, for-profit nursing houses like Elderwood usually diversify providers to draw residents and maximize income streams. This diversification can contain providing specialised care models, resembling reminiscence care or rehabilitation providers, or creating partnerships with different healthcare suppliers. This market-driven strategy influences the vary and high quality of providers accessible to residents.
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Regulatory Compliance and High quality of Care
For-profit nursing houses function beneath stringent regulatory frameworks designed to make sure high quality of care and resident security. Assembly these regulatory necessities whereas sustaining profitability necessitates cautious administration of sources and operational effectivity. Balancing regulatory compliance with monetary efficiency can create tensions and affect operational selections inside Elderwood. Exterior oversight performs an important function in guaranteeing accountability inside this construction.
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Transparency and Public Notion
Public notion of for-profit healthcare suppliers usually facilities on considerations about prioritizing earnings over affected person well-being. This notion underscores the significance of transparency in monetary reporting and operational practices inside organizations like Elderwood. Constructing belief with residents, households, and the broader neighborhood requires demonstrable dedication to high quality of care alongside monetary viability. Open communication and accountability are important parts of navigating this advanced dynamic.
Elderwood’s for-profit construction, beneath the possession of Consulate Well being Care, shapes its operational methods, monetary priorities, and total strategy to service supply. Understanding the interaction between revenue maximization, market competitors, regulatory compliance, and public notion offers essential context for evaluating Elderwood’s efficiency and its function inside the long-term care sector. This framework considerably influences the experiences of residents, households, and employees, highlighting the advanced dynamics inside the for-profit healthcare panorama.
5. Multi-state operation
Elderwood’s operation throughout a number of states is a direct consequence of its possession by Consulate Well being Care and displays broader tendencies inside the long-term care trade. This multi-state presence signifies a strategic strategy to market growth and useful resource allocation, impacting operational complexities, regulatory compliance, and the general supply of care. Understanding this operational scope offers essential context for evaluating Elderwood’s place inside the healthcare panorama.
Working throughout state strains introduces a number of key concerns. Variations in state rules concerning staffing ratios, Medicaid reimbursement charges, and high quality requirements necessitate adaptable operational methods. Elderwood should navigate these numerous regulatory landscapes whereas sustaining constant service supply throughout its services. Moreover, managing a geographically dispersed workforce presents logistical challenges associated to coaching, communication, and oversight. As an example, implementing constant employees coaching packages throughout a number of states requires substantial coordination and useful resource allocation. Equally, guaranteeing compliance with various state rules necessitates specialised data and adaptable operational procedures.
The multi-state operational mannequin affords potential benefits and drawbacks. Increasing into new markets permits for diversification of income streams and entry to a bigger pool of potential residents. Nevertheless, it additionally introduces complexities in managing sources, guaranteeing constant high quality of care, and navigating numerous regulatory environments. This operational mannequin impacts useful resource allocation selections, influencing staffing ranges, facility upgrades, and the provision of specialised providers throughout totally different areas. Understanding these complexities is essential for evaluating Elderwood’s efficiency and its capability to offer constant, high-quality care throughout its multi-state community. This evaluation offers priceless insights for residents, households, and stakeholders looking for to know the operational panorama of this huge long-term care supplier.
6. Expert Nursing Amenities
Understanding the function of expert nursing services inside Elderwood’s operational construction is essential for evaluating the group’s service choices and its impression on resident care. This exploration delves into the importance of those services inside the context of Elderwood’s possession and operational framework, inspecting their perform, regulatory oversight, and the general implications for residents and their households.
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Regulatory Oversight and High quality Requirements
Expert nursing services function beneath stringent regulatory frameworks governing points resembling staffing ratios, resident security protocols, and high quality of care requirements. These rules differ by state, including complexity to multi-state operations like Elderwood. Compliance with these requirements is topic to common inspections and audits, impacting Elderwood’s operational procedures and its public notion. As an example, deficiencies cited in inspection stories can result in penalties or corrective motion plans, influencing useful resource allocation and operational priorities.
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Specialised Companies and Resident Care
Expert nursing services present specialised care for people requiring medical and therapeutic interventions past the scope of assisted residing. These providers can embrace wound care, remedy administration, bodily remedy, and occupational remedy. The supply and high quality of those specialised providers inside Elderwood’s services immediately impression resident outcomes and their total high quality of life. For instance, entry to specialised rehabilitation packages can considerably affect a resident’s restoration and practical independence.
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Staffing and Useful resource Allocation
Sustaining sufficient staffing ranges and allocating sources successfully inside expert nursing services current ongoing challenges, notably inside a for-profit construction like Elderwood’s. Staffing ratios, coaching packages, and the provision of specialised gear immediately affect the standard of care supplied to residents. As an example, sufficient staffing ranges are important for guaranteeing well timed responses to resident wants and sustaining a secure setting. Useful resource allocation selections inside Elderwood’s expert nursing services mirror the interaction between monetary constraints and the crucial to offer high quality care.
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Integration with Different Healthcare Companies
Expert nursing services usually function a bridge between hospital stays and a return house or to a much less intensive care setting. Elderwood’s integration of expert nursing providers inside its broader community of care choices, together with assisted residing and rehabilitation providers, can impression care transitions and the continuity of take care of residents. Efficient coordination between these totally different ranges of care is essential for guaranteeing easy transitions and optimizing resident outcomes. For instance, streamlined communication between Elderwood’s expert nursing services and its assisted residing communities can facilitate a seamless transition for residents requiring a much less intensive stage of care.
The function of expert nursing services inside Elderwood’s operational construction is integral to understanding the group’s service choices and its impression on resident care. Analyzing these services inside the context of possession, regulatory compliance, and specialised service supply offers priceless insights for evaluating Elderwood’s total efficiency and its contribution to the long-term care panorama. The standard of care supplied inside these services, the allocation of sources, and the combination with different healthcare providers considerably impression resident outcomes and form Elderwood’s place inside the broader healthcare continuum. This understanding is important for residents, households, and stakeholders looking for to evaluate Elderwood’s dedication to offering complete and high-quality care.
7. Assisted Dwelling Communities
Elderwood’s inclusion of assisted residing communities inside its portfolio of providers displays a strategic resolution influenced by its possession construction and broader trade tendencies. This integration diversifies Elderwood’s choices past expert nursing care, increasing its market attain and catering to a wider vary of resident wants. Understanding the connection between Elderwood’s possession and its operation of assisted residing communities offers insights into the group’s monetary methods, operational priorities, and total strategy to resident care. For instance, the choice to put money into assisted residing services could mirror Consulate Well being Care’s broader technique of diversifying its service choices and capturing a bigger share of the senior care market. This diversification can create economies of scale and probably cross-market providers between totally different ranges of care inside the Elderwood community.
Assisted residing communities supply a definite stage of care in comparison with expert nursing services, specializing in offering assist with each day residing actions whereas selling independence. Residents sometimes require help with duties resembling bathing, dressing, and drugs administration, however don’t require the intensive medical care supplied in expert nursing settings. This distinction influences staffing necessities, regulatory oversight, and the general operational construction of those communities inside the Elderwood community. As an example, staffing ratios and coaching necessities for assisted residing employees differ from these in expert nursing, reflecting the various ranges of care supplied. Moreover, regulatory requirements for assisted residing communities usually emphasize resident autonomy and selection, shaping the operational philosophy and repair supply mannequin inside Elderwood’s assisted residing services.
The mixing of assisted residing communities inside Elderwood’s community affords potential advantages for residents and their households. It permits for a continuum of care inside a single group, facilitating transitions between totally different ranges of care as resident wants evolve. This seamless transition can reduce disruption and supply a way of stability for residents and households. Nevertheless, it additionally necessitates cautious coordination between totally different ranges of care to make sure constant high quality and efficient communication. As an example, clear communication protocols between Elderwood’s assisted residing and expert nursing employees are important for facilitating easy transitions and guaranteeing continuity of care. Understanding the interaction between possession construction, operational methods, and the particular wants of residents inside assisted residing communities is essential for evaluating Elderwood’s total efficiency and its contribution to the long-term care continuum. This built-in strategy to care supply displays broader trade tendencies towards offering a wider vary of providers to satisfy the evolving wants of an getting old inhabitants.
8. Rehabilitation providers
Elderwood’s provision of rehabilitation providers is intrinsically linked to its possession by Consulate Well being Care and the broader organizational technique of offering a complete continuum of care. This strategic integration of rehabilitation providers aligns with trade tendencies towards providing a wider vary of post-acute care choices inside a single community. Consulate’s possession influences useful resource allocation selections concerning rehabilitation providers, impacting staffing ranges, gear availability, and the varieties of therapies supplied inside Elderwood services. This connection between possession and repair provision immediately influences the standard and accessibility of rehabilitation providers for Elderwood residents. For instance, Consulate’s monetary efficiency could affect the extent of funding in specialised rehabilitation gear or the provision of specialised therapists inside Elderwood’s community. This, in flip, impacts the vary and depth of rehabilitation providers accessible to residents.
Rehabilitation providers play a vital function in Elderwood’s capability to offer complete take care of residents transitioning between totally different ranges of care, resembling from a hospital keep to a talented nursing facility or assisted residing neighborhood. These providers embody a spread of therapies, together with bodily, occupational, and speech remedy, geared toward restoring practical independence and enhancing high quality of life. The supply of those providers inside Elderwood’s community can considerably impression resident outcomes and their capability to return house or to a much less intensive care setting. As an example, a resident recovering from a stroke may obtain intensive bodily and occupational remedy at an Elderwood expert nursing facility, facilitating their eventual transition again house. The mixing of rehabilitation providers inside Elderwood’s community streamlines this course of and improves the continuity of take care of residents. Moreover, the effectiveness of those providers is influenced by components resembling staffing experience, entry to specialised gear, and the individualized care plans developed for every resident. These components, in flip, are influenced by useful resource allocation selections made on the company stage by Consulate Well being Care.
In abstract, the combination of rehabilitation providers inside Elderwood’s community is strategically aligned with its possession construction and the broader trade shift towards complete care fashions. Consulate Well being Care’s possession influences useful resource allocation and strategic selections associated to rehabilitation providers, impacting their availability, high quality, and accessibility for Elderwood residents. The effectiveness of those providers performs a essential function in resident outcomes, influencing their capability to regain independence and transition efficiently between totally different ranges of care. Understanding this connection between possession, service provision, and resident outcomes offers priceless context for evaluating Elderwood’s total efficiency and its dedication to offering a complete continuum of care inside the long-term care panorama.
9. Lengthy-term care focus
Elderwood’s give attention to long-term care is inextricably linked to its possession by Consulate Well being Care and the broader market dynamics of the healthcare trade. Consulate’s strategic positioning as a significant participant within the long-term care sector immediately influences Elderwood’s operational priorities, useful resource allocation, and repair supply mannequin. This focus shapes Elderwood’s specialization in expert nursing, assisted residing, and rehabilitation providers, aligning with the rising demand for complete long-term care options. The connection between possession and this specialised focus influences Elderwood’s market place, its relationships with different healthcare suppliers, and its responses to evolving trade tendencies. For instance, Consulate’s funding selections seemingly prioritize infrastructure and sources that assist long-term care, probably influencing the allocation of funds for specialised gear, employees coaching, or facility upgrades inside Elderwood’s community. This strategic alignment between possession and operational focus immediately impacts the standard and accessibility of long-term care providers supplied by Elderwood.
This long-term care focus influences Elderwood’s strategy to resident care, employees coaching, and facility design. The group’s emphasis on offering a continuum of care inside its community necessitates specialised experience in geriatric care, power illness administration, and end-of-life care. This specialised focus impacts staffing selections, coaching packages, and the event of care protocols inside Elderwood services. As an example, employees coaching packages could emphasize specialised expertise resembling dementia care or wound administration, reflecting Elderwood’s dedication to offering complete long-term care providers. Moreover, facility design inside Elderwood’s community could incorporate options that cater particularly to the wants of long-term care residents, resembling accessible environments, specialised therapeutic areas, and facilities that promote social interplay and engagement. These operational selections mirror the group’s long-term care focus and its dedication to offering a supportive and enriching setting for its residents.
In abstract, Elderwood’s give attention to long-term care is a direct consequence of its possession by Consulate Well being Care and the broader market dynamics of the healthcare trade. This specialised focus shapes Elderwood’s operational methods, useful resource allocation, and strategy to resident care. Understanding this connection between possession, market forces, and operational focus offers important context for evaluating Elderwood’s efficiency, its market place, and its contribution to the evolving panorama of long-term care. This specialised focus presents each alternatives and challenges for Elderwood, influencing its capability to draw and retain residents, navigate regulatory complexities, and adapt to altering trade tendencies. The group’s success hinges on its capability to successfully leverage its long-term care focus to satisfy the evolving wants of an getting old inhabitants whereas sustaining monetary stability and a dedication to high quality care.
Ceaselessly Requested Questions on Elderwood’s Possession
This FAQ part addresses widespread inquiries concerning Elderwood’s possession construction, aiming to offer clear and concise data for stakeholders.
Query 1: Who at the moment owns Elderwood nursing houses?
Elderwood is at the moment owned by Consulate Well being Care, one of many largest for-profit nursing house chains in the US.
Query 2: Who owned Elderwood previous to Consulate Well being Care?
Previous to the acquisition by Consulate in 2017, Elderwood was owned by Put up Acute Companions.
Query 3: Does personal fairness play a job in Elderwood’s possession?
Consulate Well being Care, Elderwoods present proprietor, has involvement with personal fairness. This influences monetary methods and operational selections inside the group.
Query 4: How does Elderwood’s for-profit construction impression its operations?
Working as a for-profit entity influences Elderwood’s monetary priorities and useful resource allocation. This construction necessitates a give attention to profitability alongside regulatory compliance and high quality of care.
Query 5: What’s the significance of Elderwood’s multi-state operation?
Working throughout a number of states introduces complexities in navigating various state rules and managing a geographically dispersed workforce. This construction additionally presents alternatives for market growth and diversification of providers.
Query 6: How does understanding possession present insights into Elderwood’s operations?
Analyzing possession constructions affords essential context for understanding operational priorities, useful resource allocation, and the general strategy to service supply. This data empowers stakeholders to make knowledgeable selections and consider the standard of care supplied inside Elderwood services.
Understanding Elderwoods possession construction offers a foundational context for evaluating its operations and the potential impression on resident care. Transparency in possession is important for knowledgeable decision-making inside the long-term care trade.
Additional exploration of Elderwood can contain researching particular services, reviewing inspection stories, and contemplating resident testimonials. Due diligence is important for stakeholders looking for complete details about Elderwood and its function inside the long-term care panorama.
Ideas for Researching Nursing Dwelling Possession
Transparency in possession is essential for knowledgeable decision-making when choosing a nursing house. The following tips present steering for researching nursing house possession, empowering stakeholders with the data essential to assess operational priorities and potential implications for resident care.
Tip 1: Determine the Authorized Proprietor
Start by figuring out the authorized proprietor of the nursing house. This data is commonly accessible by way of state licensing businesses or on-line databases. Understanding the authorized possession construction clarifies accountability and monetary accountability.
Tip 2: Analysis Father or mother Corporations and Affiliations
Examine any father or mother corporations or company affiliations. Nursing houses usually function inside bigger networks, and understanding these connections offers insights into operational methods and useful resource allocation.
Tip 3: Examine Non-public Fairness Involvement
Decide if personal fairness companies are concerned within the possession construction. Non-public fairness funding can affect monetary priorities and operational selections, probably impacting resident care and staffing ranges.
Tip 4: Analyze Monetary Efficiency and Stability
Assess the monetary efficiency and stability of the proudly owning entity. Monetary stability is essential for guaranteeing constant high quality of care and long-term viability. Publicly accessible monetary stories can supply priceless insights.
Tip 5: Evaluate Regulatory Compliance Historical past
Study the regulatory compliance historical past of the nursing house and its proudly owning entity. State inspection stories and any documented deficiencies present priceless data concerning high quality of care and regulatory compliance.
Tip 6: Contemplate Possession Construction and its Implications
Mirror on how the possession construction may affect operational priorities and useful resource allocation. For-profit possession constructions could prioritize profitability, whereas non-profit organizations could prioritize neighborhood profit. Understanding this distinction is essential for evaluating potential trade-offs.
Conducting thorough analysis into nursing house possession empowers people to make knowledgeable selections primarily based on a complete understanding of operational constructions, monetary stability, and potential implications for resident care. This data contributes to larger transparency and accountability inside the long-term care sector.
The next conclusion will synthesize these insights, providing a complete perspective on navigating the complexities of nursing house possession analysis and its significance inside the broader healthcare panorama.
Conclusion
This exploration of Elderwood’s possession construction has highlighted the significance of transparency and knowledgeable decision-making inside the long-term care trade. From its origins beneath Put up Acute Companions to its present place inside the Consulate Well being Care community, Elderwood’s trajectory displays broader tendencies within the evolving panorama of long-term care. Analyzing the affect of personal fairness, the implications of a for-profit construction, and the complexities of multi-state operation offers essential context for evaluating Elderwood’s efficiency and its impression on resident care. The examination of specialised service choices, together with expert nursing, assisted residing, and rehabilitation, additional illuminates Elderwood’s place inside the continuum of care. Understanding these interconnected components empowers stakeholders to make knowledgeable selections primarily based on a complete evaluation of operational priorities, monetary stability, and regulatory compliance.
Navigating the complexities of long-term care requires diligent analysis and a dedication to transparency. Possession constructions, monetary efficiency, and regulatory compliance historical past supply important insights into the standard of care and operational practices inside nursing houses. Empowering people with this information fosters larger accountability inside the trade and promotes a extra knowledgeable and equitable healthcare panorama. Continued scrutiny and open dialogue concerning possession transparency are important for guaranteeing the well-being of residents and upholding the best requirements of care inside the long-term care sector.