Louisville, Kentucky is home to the largest concentration of aging care businesses in the U.S., including nursing homes, home health care services, hospice, and other senior living services, producing over $50 billion in revenue.
In 2012, Louisville Mayor Greg Fischer said, "Louisville is a leader in developing targeted economic development strategies around our strengths. Aging care and lifelong wellness is an industry poised for exceptional growth, and Louisville, and its workforce, stands to benefit.” Next Avenue reports that, "an aging society ranks among the most significant long-term forces shaping the U.S. economy and society," citing Census Bureau projections that the 65+ population will be roughly 21 percent of the population in 2050, almost double the number in 2012.
These days, the desire for creating an environment generating innovation is raising the attractiveness of Louisville’s industry cluster ... Louisville-based aging well leaders are more willing to collaborate with one another now that “everyone is getting pummeled,” says E. Joseph Steier, III, president and chief executive at Signature Healthcare, a Louisville-based provider of long-term nursing care. “How can we be more efficient? We can’t do it all ourselves.”
