LOS ANGELES: The assisted living business model is coming to the end of its life cycle.
The product was the innovation of boomers seeking better outcomes for their veteran parents than the “nursing home stalags” that were a product of a world war, a depression and ingrained austerity.
But social and economic changes now engulfing boomers (the oldest of whom is nearing 70) will consign the assisted living business model to oblivion within…