Boynton Beach has earned a reputation for offering some of the best healthcare for senior citizens in the state of Florida. One of the city’s several medical centers has even been dubbed ‘Health City’.
Located in Palm Beach County, Boynton Beach has a myriad of healthcare facilities and specialized services for senior citizens and patients of all ages. Easy access to high-quality healthcare is a major deciding factor in where many retirees choose to settle.
Florida is the number one retirement destination in the United States, with more than 600 active adult communities and hundreds more assisted living facilities across the state. The number of retirees in Florida is expected to skyrocket by the end of the decade.
Boynton Beach Multifamily by Kolter, an active adult community in Boynton Beach only 8 miles from the Atlantic Ocean coastline, is perfectly positioned to provide senior citizens the South Florida lifestyle they crave and the convenient specialized healthcare they need.
In the following article, we will uncover why investment in senior healthcare is growing in Boynton Beach and Palm Beach County, and how EB-5 investors can take advantage of the coming ‘grey tsunami’ of retiring baby boomers by investing in a Boynton Beach EB-5 project for retirees.
Here’s What We’re Going to Cover:
Boynton Beach Hospitals
Specialized Senior Healthcare in Boynton Beach
Investing in South Florida’s ‘Grey Tsunami’
Boynton Beach EB-5 Project
Boynton Beach Hospitals
Boynton Beach boasts a network of top-notch medical facilities, including hospitals, clinics, and rehabilitation centers. Despite having only 80,000 residents, Boynton Beach’s central location and two major hospitals make it the center of healthcare for all of Palm Beach County.
Baptist Health Bethesda Hospital East has been a cornerstone of the healthcare landscape in Palm Beach County since 1959, and consistently ranks high in patient satisfaction. In FY 2022, the 422-bed hospital garnered more than $2.3 billion in revenue from patients.
Bethesda Hospital East provides a wide range of medical services tailored to the needs of senior citizens, including cardiovascular care, cancer care, robotic surgery, and a nationally recognized orthopedic total joint replacement program.
Baptist Health Bethesda Hospital West, a secondary hospital also located in Boynton Beach, has announced plans to expand from 80 beds to more than 230 based on demand from the growing senior population in the area.
Baptist Health is the largest nonprofit medical provider in the entire South Florida region, with more than 27,000 employees and 12 hospitals. Elsewhere in Palm Beach County, Baptist Health also operates Boca Raton Regional Hospital.
The Baptist Health Bethesda Hospitals are part of a consortium of Palm Beach County medical facilities partnered with the Charles E. Schmidt College of Medicine at Florida Atlantic University.
In northern Palm Beach County, the Palm Beach Gardens Medical Center (PBGMC) is a 199-bed acute care hospital with a pulmonary services department recognized as one of the top 10 percent in America. The Medical Center has achieved Five-Star ratings in treating pneumonia, heart failure, respiratory failure, and more. PBGMC was also the first hospital in the region to perform open-heart surgery.
Boynton Beach’s ‘Health City’
Baptist Bethesda also operates an outpatient facility in Boynton known as ‘Health City’, due to the proliferation of surrounding medical offices. Bethesda Health City includes medical offices dedicated to orthopedics, ophthalmology, women’s health, dentistry, physical rehabilitation, and more.
The Arthritis Center of the Palm Beaches is located in Boynton Beach’s Health City, highlighting Boynton’s centrality to senior care in the region.
The Marcus Neuroscience Institute at Bethesda Health City is a DNV Certified Comprehensive Stroke Center, the highest level of stroke accreditation in America. The Institute earned the Gold Seal of Approval for Spinal Surgery Certification from The Joint Commission, the highest standard of safety and excellence. The Institute is also the first and only level 3 epilepsy center in Palm Beach County.
Vibra Healthcare has announced plans to build a $32 million freestanding specialty hospital in Bethesda Health City that will bring more than 160 jobs to Boynton Beach. Vibra operates over 90 specialty hospitals nationwide, but the Boynton Beach location will be its first hospital in the entire state of Florida.
Specialized Senior Healthcare in Boynton Beach
Palm Beach County is home to numerous specialized senior care services that cater specifically to the unique healthcare needs of its growing elderly population. These include geriatric medicine practices, memory care centers, at-home care, free clinics, nursing homes, assisted living facilities, and medical facilities for veterans.
Boynton Beach In-Home Care
Boynton Beach Home Care (BBHC) is an at-home healthcare agency offering personalized non-medical care to seniors. This ensures that seniors who may have difficulty traveling to medical facilities regularly can still receive quality care in the comfort of their homes.
With 24-hour help available, BBHC can help retirees with injuries, medical complications, aging, mobility, or other considerations. According to BBHC, “We help seniors live their best life so they can continue to do all the things they love, in the comfort of their home.”
Boynton Beach Assisted Living
Boynton Beach is home to two of the top nursing homes in the state of Florida, according to U.S. News and World Report. Among more than 120 Florida nursing homes examined, Boynton Health Care Center ranked #2 in the entire state and ManorCare Health Services Boynton Beach ranked #24.
The West Palm Beach Veteran’s Affairs Healthcare System Community Living Center (WPBVAHCS CLC) provides rehabilitation, skilled nursing care, short-stay and long-stay continuing care, hospice, palliative, and respite care. The WPBVAHCS CLC was recently awarded a five-star overall rating, the highest performance possible in Veteran’s Affairs. The Palm Beach facility won five-stars in all three areas of critique: Unannounced Survey Performance, Staffing, and Quality Measures.
Boynton Beach Clinics
MD Now recently opened its fourth urgent care center in Boynton Beach. Its first clinic opened in Boynton Beach over 15 years ago, and the practice has continually expanded to meet growing demand. MD Now is the largest urgent care operator in Florida, with more than 85 clinics in the state offering state-of-the-art lab testing, X-rays, vaccinations, injury care, immunizations, broken bone treatment, medicine for common illnesses, and more, without the need for insurance or an appointment.
The Caridad Center in Boynton Beach is the largest free healthcare clinic in Florida. In 2021, its volunteer doctors and dentists provided $5.1 million in free medical, vision and dental care services to more than 40,000 patients.
Investing in South Florida’s ‘Grey Tsunami’
South Florida is the number one retirement destination in America. The state has more than 600 active adult communities, no state income tax, no tax on retirement benefits, and year-round warm weather, making it an ideal location for seniors.
Investing in senior living and senior medical facilities is a wise decision in the 2020s, as experts are anticipating a coming ‘grey tsunami’ of retiring baby boomers.
Baby boomers are the wealthiest generation in history, controlling more than $70 trillion in wealth. Every single day, 10,000 more baby boomers reach retirement age.
“There are more of us than at any other time going into Medicare. It’s just enormous numbers,” said Jerry Fedele, president of Boca Raton Regional Hospital. “It’s coming. It’s inevitable. You can see the tsunami right in front of you.”
More than a quarter of Florida’s population will be senior citizens by the end of 2024. By the end of the decade, one in five Americans will be over age 65. Florida is expected to gain 2.7 million more senior citizens by 2030.
Already, 31 percent of Palm Beach County are over the age of 60. An additional 200,000 senior citizens are expected to retire to Palm Beach County by 2030.
According to the Palm Beach Post, “Major hospital companies are attracted to Palm Beach County because many of its patients are wealthy, have good health insurance and are philanthropic.”
New York City’s NYU Langone Health first expanded to Palm Beach County in 2017 and recently announced plans to build a new seven-story 181,000 square-foot medical tower downtown. The medical provider’s facilities boast ten Top 10 rankings in various fields of medicine, according to U.S. News & World Report, including endocrinology and geriatrics.
NYU Langone has long had ties to the wealthiest Palm Beach philanthropists, including its namesake benefactor, Kenneth Langone, a North Palm Beach resident and co-founder of Home Depot. In 2014, Marvel Entertainment Chairman Isaac Perlmutter, a Palm Beach resident, donated $50 million to the NYU Langone Cancer Center.
“We have many patients who live in the Palm Beach County area who travel to NYU Langone in the New York region for their health care. Now we will be closer to where they live,” said NYU Andrew Rubin, NYU Langone senior vice president for clinical affairs and ambulatory care. “We think Floridians are entitled to get the same care in Palm Beach County.”
Boynton Beach Multifamily EB-5 Project
Boynton Beach Multifamily is a 210-unit active adult apartment community for retirees over 55 located in an urban (high-unemployment) targeted employment area (TEA).
Urban TEA status allows EB-5 investors to take advantage of set-aside EB-5 visas and a lower minimum investment of $800,000. The Boynton Beach Multifamily EB-5 project offers an above-market 5% annual preferred return with a short 3.75-year target investment duration, an I-526E approval refund guaranty, and a job creation guaranty.
Boynton Beach Multifamily is located just 1.5 miles (4-minute drive) from Bethesda Health City and the brand-new Vibra hospital, making Boynton Beach Multifamily perhaps the most ideal location for retirees in Palm Beach County.
The community is only 4 miles (10-minute drive) from Bethesda Hospital West, 7.5 miles (18-minute drive) from Bethesda Hospital East, and only 8 miles (14-minute drive) from Palm Beach County’s famous beaches on the Atlantic Ocean.
The property developer, The Kolter Group, is a national real estate development company worth more than $24 billion. Kolter has never failed to repay a loan or complete a project since its incorporation nearly 30 years ago.
EB5AN has partnered with Kolter on over 15 EB-5 projects, with 100 percent of EB-5 investment funds repaid or in good standing, and a 100 percent USCIS project approval.
For more information on the Boynton Beach Multifamily EB-5 project, schedule your free one-on-one consultation today.
