Industry Overview - The skilled nursing industry is undergoing significant changes driven by aging demographics, undersupply of facilities, and increasing barriers to entry [1] - It is projected that 70% of Americans over 65 will require long-term care at some point in their lives [1] Market Dynamics - The industry faces a notable undersupply of skilled nursing facilities, which may create investment opportunities [1] - Increasing barriers to entry could limit new competitors, potentially benefiting existing players in the market [1]