Continuing Care Retirement Communities — Attractive to Members, But What About Sponsors?

R.A. Humble and D.G. Ryan

British Actuarial Journal, 1998, vol. 4, issue 3, 547-614

Abstract: This paper is concerned with the development and operation of Continuing Care Retirement Communities (CCRCs). The paper examines the financial structure of a CCRC, being developed by the Joseph Rowntree Housing Trust, and describes a population model utilising transition probabilities to project care needs and financial performance.The paper then explores the possibility of commercial organisations becoming involved in this market, and examines the risks that such a venture would entail and the strategies that may be adopted to reduce these risks.

Date: 1998
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