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What type of business is a long-term care facility?

The number of Americans over 60 is projected to more than double by 2050, highlighting a growing demand for long-term care facilities. So, what type of business is a long-term care facility? It is a specialized, highly regulated healthcare enterprise that provides a continuum of residential and medical services to individuals who cannot live independently. The business models vary, from for-profit entities to non-profit organizations, with complex financial structures and operational requirements.