Assisted Living Facilities in Las Vegas are Expected to Boom

Las Vegas and all of Southern Nevada will undergo a growth in assisted living facilities and ACOs (accountable care organizations) which comes into effect this month as part of the Affordable Health Act, The Las Vegas Review-Journal reports.

Stacy Scheer, an expert in medical real estate properties at Colliers International told the Review-Journal that new developments will spur an expansion in Southern Nevada's assisted living market. As well, large patient-centered ACOs will partner with small practices and sole practitioners. "The need for skilled nursing and assisted living facilities is rising," Scheer said.

Las Vegas hospitals expect to act on the medical boom by expanding facilities. $68 million in construction at MountainView Hospital will add a new emergency room and an ICU. 326 beds will be added to the St. Rose Dominican Hospital at its Siena campus.

A demand for more doctors' offices, hospitals, outpatient clinics and long-term care facilities will perpetuate the nationwide development of 60 million square feet of medical real estate. Many physician organizations are investing in expansion and cost reduction by recommending the building of retirement residences alongside hospitals.

Assisted Living and Continuing Care Residences are on the rise throughout North America.