With the ever-increasing desire of the French to age at home, the EHPAD of tomorrow will be partly at home. Allowing a reduction in accommodation costs, the EHPAD "outside the walls" will guarantee a unique offer to the patient. Home care gives individuals the possibility to apply for the Allocation Personnalisée d'Autonomie, as well as to benefit from a tax credit for personal services provided. Korian and DomusVi have also launched home assistance platforms and agencies to support seniors who are losing their independence.
Digitalization should also be fully integrated into the environment of these facilities for the elderly. Connecting families with residents, digital technology helps to maintain the link between them. EHPADs now communicate on their daily life, through social networks and applications. These new transmission channels are destined to become more widespread, being moreover a guarantee of confidence in the well-being of the residents for the families.
Alternative modes of care for seniors are also in demand. These "hybrid" establishments should see accelerated development in France. Combining senior residences, inclusive residences or even social housing, tomorrow's establishments for the elderly will be oriented towards social and intergenerational diversity.
Finally, the new establishments should benefit from a design where user satisfaction is at the center of the reflection. As with certain office assets, the EHPADs of tomorrow will be co-constructed: we can easily imagine the collaboration of residents, but also of caregivers in the architectural design of the buildings.
Nursing homes are relatively secure real estate assets that are resilient in the face of crises. Nevertheless, the pandemic has had a considerable impact on the operating methods of these establishments. Already underway for several years, the scandal has further accelerated the transition from all EHPADs to a richer offer, with alternative accommodation to traditional retirement homes. Korian's takeover of senior colocation specialist Âge & Vie in 2018 signed the beginning of the diversification of the giants, which are increasingly interested in alternative solutions such as senior residences, coliving for independent seniors or home care services.
The EHPAD of today, in order to survive in the years to come, must change its model. It will have to be turned towards the well-being of seniors, by increasing the means granted to the structures welcoming them (construction, personnel, alternative modes).
As recalled in the flash mission of the Social Affairs Commission of the National Assembly,
The EHPAD of tomorrow is above all a place of life where we care and not a place of care where we live.
In 2022, Parella Valuation assisted various market leaders in determining the rental and market values of EHPADs throughout the country.
What are the characteristics inherent in the valuation of an EHPAD in 2023? A Parella Valuation real estate expert will be able to advise you on the valuation of these assets.
Benefiting from its know-how in healthcare real estate, Parella Valuation also evaluates senior citizen service residences, clinics (MCO/SSR), or healthcare centers. Our expertise can also be applied to more singular assets, such as inclusive residences combining different types of facilities (residences offering housing for independent seniors, housing for people with disabilities, social housing, etc.).
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