4.7.5Segment

Memory Care & Dementia Services

Dedicated memory care communities and programs serving residents with Alzheimer's disease and dementia.

3
Verticals

Overview

Memory Care & Dementia Services covers dedicated communities and programs serving residents with Alzheimer's disease and other dementias, providing secured, specialized care. It is typically a higher-acuity, higher-rate tier within or adjacent to assisted living.

Demand is growing structurally with the rising prevalence of Alzheimer's and dementia as the population ages, and the specialized, private-pay nature of memory care supports premium rates. It is consolidating within senior-living platforms and as a standalone specialty.

Market snapshot

FragmentationConsolidatingEstimate

Within assisted living (NAICS 623312); the Census Bureau does not separate memory care, so the segment is not separately sized.

Business model & economics

Revenue model

Premium private-pay monthly memory-care fees

Key economics

Recurring revenue
High

recurring monthly occupancy

EBITDA margin
Premium rates against higher staffing intensity
Capex intensity
High

Characteristics

  • Higher-acuity, higher-rate tier of senior care.
  • Rising Alzheimer's/dementia prevalence drives demand.
  • Specialized, private-pay, premium-rate model.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Senior-living & memory-care operators
  • Healthcare REITs
  • PE-backed platforms

What’s driving deals

  • Rising dementia prevalence.
  • Premium private-pay economics.
  • Consolidation within senior-living platforms.

Verticals in this segment

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