Market Wire, May, 2010
As America’s baby boomer population enters its golden years, the demand for home heath care has never been greater. The latest exclusive report from Franchise Direct ( www.FranchiseDirect.com ), one of the world’s top franchise portals, documents the exorbitant growth of the home care franchise sector in recent years. For entrepreneurs looking to make a difference in people’s lives while earning a comfortable living, home care franchises have emerged as the perfect investment.
Franchise Direct, who released the annual rankings of the Top 100 Global Franchises , is an established authority in assessing the franchise industry. Home care businesses have been selected for their latest report because the sector stands to become one of the most lucrative franchise industries in the future.
As the Franchise Direct home care business report outlines, these businesses have been around for more than a century, having blossomed after the creation of Medicare and Medicaid. Put briefly, home care businesses provide essential care to patients seeking treatment in their home, instead of a hospital. With Americans demanding a more humane and homely alternative to hospital treatment, home care franchises have prospered because they offer a proven, trustworthy care model.
The bright future of home care franchises is underwritten by a massive generational shift. The population of Americans over 65 is expected to double over the next 40 years. The so-called ‘graying of America’ means that there will be about 62 million American retirees by 2020
