The recurring revenue is virtually limitless after install.
The potential is staggering. $100-150 per bed, per facility per month. Facilities often average 30 beds, $125x 30x 12 months per year is $45000 per year for one facility. According to the most recent available data:
More than 810,000 people reside in assisted living facilities.
Assisted living costs an average of $4,300 per month.
The population of adults older than 85 will double by 2036 and triple by 2049.
7 out of 10 people require assisted living care in their lifetime.
The U.S. will need nearly 1 million new senior living units by 2040.
Nearly 30,000 assisted living facilities operate in the United States. On average, each assisted living facility accommodates 27 to 33 residents.
Imagine being able to capture just 2% of that, .. 2% of 810k is 16200 beds x $1500 per year is $24,300,000 per year and this is recurring revenue….. INCREDIBLE OPPORTUNITY!
4% capture is $48.6M
Add in Hospitals, rehab facilities…
And this is just the US market… think worldwide adoption!
We have a $9m market cap with 15 patents pending on the AI fall protection technology.
We have a recent addition to the management team who lives and breathes senior living for his entire career..
CONFIDENCE IS HIGH!!
https://www.consumeraffairs.com/assisted-living/statistics.html
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