By the year 2050, the number of seniors in China will exceed the entire population of the United States. As the government of China comes to terms with this reality, private investors are sizing up the market for senior housing and services. Recently, Columbia Pacific and Emeritus Corporation joined with Cascade Healthcare to develop assisted living and senior housing facilities in China.

“The need for senior care in China is staggering,” said Dan Baty, a principal investor in Columbia Pacific Advisors and Chairman of Emeritus. “Over the next 10 years, China’s senior population will grow to 280 million people according to its census, and there are virtually no senior care facilities. It has long been a tradition in China that the family cared for the elderly in the home, but the rapidly expanding economy dictates that people now need more help to provide for the elderly.”

While the market may be huge, there is currently a lack of elder care facilities, regulations, and training opportunities in elder care so establishing new facilities will be a challenge. Is your organisation  considering investment in China? What obstacles do you foresee as China’s aged care sector evolves?

Photo courtesy mattwl