IAHSA seeks to creating community among aged care providers that transcend national borders.  These communities do not simply translate into additional business opportunities,  but allow our member to enhancing quality of life for the world’s elders through mutual learning.   A blog entry by our colleagues at LeadingAge, our U.S. Chapter, provides a perfect example of how providers in two countries can benefit from one another. Take a look:

Chinese business and government officials are looking to the United States for help in addressing the challenges associated with their country’s rapidly aging population. Among the companies looking to provide that help are two LeadingAge members: Life Care Services LLC, based in Des Moines, Iowa, and Maryland-based Erickson Retirement Communities.

Half of the 167 million Chinese people over age 60 currently live alone, according to the Wall Street Journal. That 60+ population is expected to increase by about eight million a year over the next five years and to exceed the entire population of the U.S. by 2050.

About 30 Chinese business representatives toured retirement communities in Arizona and Maryland in January 2011 seeking “experience and expertise” from U.S. developers of seniors housing, according to the China Real Estate Chamber of Commerce, which organized the trip. So far, no U.S. developers have broken ground on Chinese projects due to several obstacles that include an uncertain regulatory framework, an untested business model and centuries of Chinese tradition dictating that elderly parents live with their children.

Erickson officials have made several trips to China and India to offer consulting services and seek out joint ventures, according to the Wall Street Journal. No deals have been completed, however. CRSA, a subsidiary of Life Care Services, is providing consulting services to a Chinese firm that has senior-living developments underway in Nansha and Beijing.
Alternative link:
http://www.marketwatch.com/story/housing-operators-put-focus-on-china-2011-03-08

IAHSA will partner with the LeadingAge this autumn to jointly host the Global Ageing Conference.   Don’t miss this opportunity to expand your own global connection and join thousands of ageing service leaders from across the globe for an incredible conference. Click here for a preliminary schedule of events.

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