SOURCE: Physicians Adult Daycare, Inc.

December 19, 2006 09:01 ET

Physicians Adult Daycare, Inc. Enters Negotiations With Las Vegas Hotels to Accommodate Employees With Adult Daycare Needs

HOUSTON, TX -- (MARKET WIRE) -- December 19, 2006 -- Physicians Adult Daycare, Inc. (PINKSHEETS: PHYA) plans to open an adult health and daycare facility in the Las Vegas area designed to meet the needs of hotel employers and their employees. CEO Duane Starkey proclaims, "We are certain from statistics that in an employee pool exceeding 200,000 in Las Vegas (Clark County) there is a need for our service. We will save the employers money and greatly improve employee performance and morale."


--  Clark County exceeds 1.35 million people currently.
--  Las Vegas exceeds 475,000 residents.
--  Two neighboring cities -- North Las Vegas and Henderson -- are among
    the fastest growing cities in the nation. If it continues to expand at its
    current pace, Clark County is projected to top 2 million people as early as
--  The residential boom feeds a commercial and retail economy, with
    taxable sales now exceeding $16 billion annually.
Mr. Starkey goes on to state,"In the year 2000, Las Vegas (Clark County) there were over 107,000 households with individuals age 65 years or older and the number has constantly grown. This influx of Individuals age 65 and older shows potential for a large client base in the city and county for Adult Daycare services. In these 107,000 plus households, other individuals find themselves in the position of Caregivers. They are called informal caregivers."


The value of the services family caregivers provide for "free" is estimated to be $306 billion a year. That is almost twice as much as is actually spent on homecare and nursing home services combined as Arno, Peter S. wrote in "Economic Value of Informal Caregiving," presented at the Care Coordination and the Caregiving Forum, Dept. of Veterans Affairs, NIH, Bethesda, MD, January 25-27, 2006.

More than 50 million people provide care for a chronically ill, disabled or aged family member or friend during any given year according to the U.S. Department of Health and Human Services, Informal Caregiving 1998.

The typical family caregiver is a 46-year-old woman caring for her widowed mother who does not live with her. She is married and employed. Approximately 60% of family caregivers are women says 2004 National Alliance for Caregiving and AARP reports, Caregiving in the U.S.

National Alliance for Caregiving and the United Hospital Fund reported in 2005 that over 1.4 million children ages 8 to 18 provide care for an adult relative; 72% are caring for a parent or grandparent. Fortunately, most are not the sole caregiver.

U.S. Department of Health and Human Services reported in 2001 30% of family caregivers caring for seniors are themselves aged 65 or over; another 15% are between the ages of 45 to 54, while 17% of family caregivers are providing 40 hours of care a week or more.

The Center on an Aging Society, Georgetown University, page 2, May 2001 published the need for family caregivers will increase in the years ahead. People over 65 are expected to increase at a 2.3% rate, but the number of family members available to care for them will only increase at a 0.8% rate.


According to the July 2006 "Productivity losses to U.S. Business" report done by MetLife Mature Market Institute and National Alliance for Caregiving, MetLife Care giving Cost Study states U.S. Employers lose as much as $34 Billion a year due to worker caregivers. These losses are due to absenteeism and lost productivity of workers who are taking time off to take care of their elderly loved ones. Family caregivers comprise 13% of the workforce (Administration on Aging, DHHS, 2002).

National Alliance for Caregiving and AARP 2004 states that 59% of family caregivers who care for someone over the age of 18 either work or have worked while providing care. And 62% have had to make some adjustments to their work life, from reporting late to work to giving up work entirely. The 1998 Business Work Life Study also states that 37% of human resource directors did not feel that their organizations made a real and ongoing effort to inform employees of available assistance for managing work and family responsibilities.

According to Dr. Donna Wagner, Professor, Director of Gerontology Program, Towson University, "Although hard research does not exist to prove it, researchers in the field think that only 2% of employed family caregivers actually take advantage of the benefits their companies offer.

In 2002, The National Study of the Changing Workforce wrote: One work-life program that has increased significantly is Elder Care Resource and Referral Services. More employees need Elder Care Services as the population ages. 35% of workers, men and women alike, say they have provided for a relative or in-law age 65 or older in the past year.

In closing, Mr. Starkey finishes, "Physicians Adult Daycare, Inc. is the first to pioneer a program which will reduce the financial loss to employers annually in this area and in turn offer substantial benefits and peace of mind to the care giving employee."

About Physicians Adult Daycare, Inc.

We provide needed services for a PROLONGED and ACTIVE LIFE for family loved ones on a daily basis WITHOUT THE CONFINEMENT of a NURSING HOME. We refer to those who use our services as CLIENTS. A typical day begins when our transportation system picks up your loved one at their home. After a continental breakfast, activities such as arts and crafts, games of pool or bingo, and exercise continue until lunch except on the days for scheduled group outings. A complete hot meal under dietary supervision is served before the rest period, then activities resume until it is time for your loved one to return home.

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