为了让在院老人过一个好年，各家养老社区下足了功夫。"目前在住长者约200人，春节期间工作人员全 员在岗，确保服务质量。"椿萱茂·和园长者社区常务副总经理程鹍对《证券日报》记者表示，针对子女 从全国各地甚至海外赶来团聚的情况，社区兼顾老人与家属的需求，精心准备家宴和入住客房服务。同 时，从小年到正月十五，白天设有民俗市集，夜晚举办新春灯会。 椿萱茂养老运营管理有限公司副总经理陈思介绍，椿萱茂成立于2012年，在主营业务板块，椿萱茂已构 建三条差异化机构康养产品线：位于城市近郊的CLRC活力长者社区、面向城市核心区的CB老年公寓以 及医养结合的CBN护理院。截至目前，椿萱茂在营养老机构近30家，提供床位超万张。 近年来，养老理念正在经历深刻转变，从"有没有"转向"好不好"，从"养老"到"享老"。一个明显的变化 是，越来越多的老年人开始主动规划自己的晚年生活。 养老社区打造别样年味 大年初二（2月18日），记者来到大家保险集团旗下的大家的家·北京朝阳城心社区。该社区工作人员王 芯蕊告诉记者："春节期间不少老人留在社区过年，我们策划了各种各样的年味活动陪伴长辈们，包括 文艺汇演、包饺子、民俗表演、乐器体验等。" "今 ...

这是一种新的团圆模式。不再让舟车劳顿的老人折腾，不再让年迈的身体适应陌生的环境，而是让团圆 发生在老人最熟悉、最安心的地方。子女们带来的年货和笑声，与社区准备的适老化年夜饭、专业照护 服务融为一体，构成了一个更大的"家"。 "儿子过来很方便，还能一起参加活动，就像在家过年一样热闹。"社区里一位居民的话，道出了这种模 式的魅力。年夜饭是除夕的重头戏，但在养老社区，这顿饭的难度系数远超家庭聚餐。中餐厨艺世界锦 标赛健康团餐金奖得主、行政总厨周睿带领团队，联合营养师为老人们精心烹制了一桌"特殊"的年夜 饭。每一道菜都兼顾经典风味与长辈需求：少盐少糖、软烂营养。周睿说："我们的目标，是让年夜饭 不只是一顿饭，更是一份安全、健康、满载浓浓年味儿的心意。" 除夕家宴上，95后海归硕士陆馨雨拿起话筒开始了她的主持。这是她在苏园值守的第二个春节。作为社 区文娱活动师，她要负责策划活动、组织联欢、主持家宴——让百余位长者在欢声笑语中度过除夕 夜。"能用专业所学，为长辈创造温暖记忆，特别有意义，我也感到很幸福。" 转自：扬子晚报 扬子晚报网2月16日讯（通讯员 苏园园 记者 闫春旭）当豉油一品石斑鱼在蒸箱里冒着热气，当西芹腰 果 ...

记者 俱鹤飞 昨天是上海的小年夜。上午9点半，舞狮的鼓点声在太保家园静安社区中庭响起。金红相间的醒狮 昂首腾跃，锣鼓喧天。听到动静，老人们纷纷从房门探出身子，有的披着外套就往中庭赶，还有的举着 手机录像，"待会要发给女儿看"。 77岁的孙奶奶站在人群前排，笑着说："在这里过年，比家里更有滋味。"她是社区的001号住户， 去年9月10日第一个入住。刚搬来时，体重仅有75斤，用孙奶奶自己的话说，瘦得"吓人"。 "以前一个人在家，懒得开伙，烧一个菜，要吃三天，甚至四天。有时候就一个馒头、一杯水对付 过去。"她说。久而久之，孙奶奶身体垮了，心里也空落落的。 搬进养老社区后，日子慢慢变了模样。一日三餐准时开饭，营养搭配；下午有书法课、合唱团，从 不闲着；理发、买药、换灯泡，只要说一声，就有人上门。更重要的是，一开门，不是冷清的楼道，而 是工作人员笑脸相迎。 如今，短短四个月，孙奶奶胖了整整12斤，脸色红润。"我现在一顿饭能吃半碗红烧肉，放到以 前，想都不敢想。"她说，"在这里，我找回了过日子的感觉。不是熬日子，是开心地养老"。 作为静安社区书画社的社长，95岁的李鼎良爷爷被请到醒狮正前方。他站定身形，手握蘸了朱砂的 毛 ...

Financial Data and Key Metrics Changes - The normalized FFO per share increased by 9% year-over-year, reaching $3.48 per share for the full year 2025 [7][28] - The total shareholder returns for 2025 were 35%, significantly outperforming industry benchmarks and the S&P 500 [8] - The enterprise value exceeded $50 billion, with fourth quarter annualized NOI reaching $2.5 billion [7] Business Line Data and Key Metrics Changes - Same-store SHOP cash net operating income (NOI) grew by 15%, marking the fourth consecutive year of double-digit growth [7][28] - Revenue for the SHOP same-store portfolio increased over 8%, driven by a 300 basis points year-over-year occupancy growth [14] - The outpatient medical and research (OMR) business saw a same-store cash NOI increase of nearly 4% year-over-year [27] Market Data and Key Metrics Changes - The over 80 population is projected to grow by 28% in the next five years, creating significant demand for senior housing [8][10] - New supply of senior housing remains constrained, with only about 2,500 new units started in Q4 2025 [9] - The company operates in a consumer-driven, private pay business model, which is increasingly favored by seniors [9] Company Strategy and Development Direction - The company aims to capitalize on the multi-year growth opportunity in senior housing through its 1, 2, 3 strategy, focusing on organic growth, value-creating investments, and cash flow generation [6][10] - The strategic vision includes enhancing financial strength and flexibility while expanding the senior housing business [10][24] - The company plans to continue aggressive investment activities, targeting $2.5 billion in senior housing investments for 2026 [11][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high single-digit growth in normalized FFO per share for 2026, driven by continued strong performance in the SHOP segment [10][31] - The company anticipates nearly 10% same-store cash NOI growth for the total company in 2026, with SHOP expected to lead at 15% [11][31] - Management highlighted the importance of the aging population as a key driver of demand, with expectations that demand will outpace any new supply [10][98] Other Important Information - The board approved an 8% increase in the quarterly dividend, reflecting strong performance and a positive outlook [12] - The company raised $7 billion in capital during 2025, enhancing its financial flexibility [30] Q&A Session Summary Question: On the Brookdale reset on the triple net side - Management indicated that the average escalators would be around 3% post-reset, with the January increases being an outlier [35] Question: Guidance on share count for 2026 - Management did not provide a specific year-end share count but noted that the increase in shares is primarily due to equity funding for investments [36][37] Question: Acquisition guidance and market competition - Management confirmed a strong pipeline with high confidence in achieving the $2.5 billion acquisition target, despite increased competition [42][43] Question: Impact of flu season on occupancy - Management reported minimal flu impacts and noted improved infection control measures since the pandemic [45][47] Question: Future growth opportunities in underperforming markets - Management acknowledged ongoing pruning of the portfolio and identified potential disposition opportunities in underperforming senior housing assets [53] Question: Occupancy upside in acquired assets - Management indicated that many acquired assets have occupancy upside, with expectations of reaching full occupancy in favorable markets [74][75] Question: Supply concerns in senior housing - Management emphasized that the demand from the aging population will likely outpace any new supply, mitigating concerns about oversupply [98]

Core Insights - The company, Taikang Home, currently operates 26 elderly care communities across the country, with over 18,000 residents and a service team of approximately 12,000 people providing diverse services such as medical care, daily living assistance, and recreational activities [1] Group 1: Business Operations - Taikang Home has implemented a "1+N" multidisciplinary care model, which includes a team of case managers, nurses, rehabilitation specialists, medical staff, pharmacists, social workers, entertainment coordinators, fitness trainers, nutritionists, and logistics support to provide comprehensive care for the elderly [1] - The company has established training bases in six regions to innovate talent training models, aiming to standardize operational service skills and build a high-quality service team [1] Group 2: Industry Trends - The recent introduction of 17 new professions by the Ministry of Human Resources and Social Security, including "Elderly Care Specialist," aligns with Taikang Home's "people-centered" integrated elderly care philosophy [1] - Taikang Home has created career advancement pathways for frontline professional positions in communities, enhancing employee motivation and stability within the workforce [1] - The company is leveraging industry-education integration to address the talent shortage in the elderly care sector, providing valuable experience for the industry [1]

Core Insights - The insurance industry is increasingly investing in elderly care communities, transforming the concept of aging into a more enjoyable experience for seniors [1][5][6] - The silver economy is projected to grow significantly, with the elderly population in China expected to reach 310 million by the end of 2024, representing 22% of the total population [5][6] - Insurance companies are adopting various business models for elderly care, including heavy asset, light asset, and mixed models, to cater to the growing demand for elderly services [3][7] Group 1: Industry Trends - The number of elderly care communities operated by insurance companies has surged, with over 1.6 million residents currently living in these facilities across 36 cities [3][5] - The "insurance + health care" model is gaining traction, allowing insurance firms to create new profit growth points through health management and elderly services [7][9] - The integration of medical services within elderly care communities is becoming standard, with facilities often including hospitals to provide comprehensive care [4][6] Group 2: Market Opportunities - The silver economy is estimated to reach 30 trillion yuan by 2035, with a compound annual growth rate of 15.7%, indicating a robust growth potential for the industry [5][6] - Insurance companies are enhancing customer loyalty and satisfaction by offering comprehensive elderly care services, which can also serve as a new revenue stream [6][7] - The demand for home-based elderly care is significant, with 90% of seniors preferring to age at home, highlighting a gap in service provision that insurance companies are beginning to address [8][9] Group 3: Challenges and Considerations - The elderly care sector faces challenges such as high entry barriers for care communities, which limits accessibility for many seniors [8] - There is a need for a more diverse and inclusive elderly care service system to meet the varying needs of different consumer groups [8][9] - The industry must also focus on building a skilled workforce and addressing potential risks associated with the expansion of elderly care services [9]