On October 16th, Taikang Home Zhejiang Garden officially opened. This is the second elderly care community established by Taikang Insurance Group in Hangzhou and the 34th elderly care community opened and operated nationwide.

Taikang Home Zhejiang Garden is planned and constructed according to the integrated model of "one community, one medical institution" for elderly care and medical care. The building area is about 126000 square meters and can provide about 1300 elderly care units. It adopts the CCRC (Continuous Care Retirement Community) model and can provide different types of services such as independent living, assisted living, professional nursing, and memory care. In the second phase, a second level rehabilitation hospital will be built with a planned capacity of over 300 beds, and conditions will be reserved for upgrading to a third level specialized hospital.

According to Su Changliang, the head of Taikang Home Zhejiang Branch, in November this year, the nursing oriented elderly care institution Taikang Home · Xixi Prefecture will also start operation, which means that Taikang Home's "two parks and one prefecture" urban elderly care alliance pattern in Hangzhou is gradually taking shape. Daqing Valley is "small and beautiful", Zhejiang Garden is "large and comprehensive", and Xixi Prefecture is "refined and specialized", jointly building a multi-level elderly care service network.

This is a reflection of the changes in the layout of Taikang Home's elderly care industry. Unlike the previous large-scale construction of heavy asset elderly care communities, in the past two years, Taikang Home has begun to create light asset "government" style elderly care institutions through leasing and renovation. These institutions mainly consist of nursing beds and are mostly located in the city center, making it convenient for elderly people who cannot take care of themselves to move in.

Su Changliang said that including the elderly care communities in Suzhou and Ningbo, Taikang Home has operated 5 elderly care institution projects in Zhejiang Province. With the increase of opening communities, it can be seen that the cost dilution brought by the scale effect, the marginal cost of the community decreases faster, and the profit cycle is significantly shortened.

On the previous day's Siming Insurance Forum, Chen Dongsheng, founder and chairman of Taikang Insurance Group, mentioned the operation of Taikang Home · Yongyuan. He said that Taikang Home · Yongyuan will open in May 2023 and currently has over 500 elderly residents. The park is about to enter a new stage of community development.

Chen Dongsheng stated that based on summarizing the experience of the 34 elderly care communities that Taikang Home has already operated, it can be found that a community with 500 residents is expected to achieve a stable cash flow, and with 800 residents, it is expected to enter a profitable cycle.

(Author Jiang Xin)