There is definitely more consolidation coming. Taxi apps are growing at an exponential rate, so it's smart to take out candidates before they can steal market share, Bradley Gastwirth, CEO at U.S advisory firm ABR Investment Strategy, told CNBC. Indeed, a look at the sector's activity in recent months suggests the wheels are already in motion. In February, leading Chinese ride-hailing services Didi Dache and Kuaidi Dache (dache is the Mandarin word for taxi) merged to form a new company called Didi Kuaidi after battling for market share over the past year.
According to the 2015 Genworth Financial cost of care survey, the average cost of skilled nursing in Michigan is $7,559 per month. The monthly base rate for Michigan nursing homes is typically higher when compared to neighboring states.
According to the âCost of Care Surveyâ, an annual report by Genworth, home care costs less than other options like adult day care, assisted living and skilled nursing. In fact, the national average cost of home care per hour ranges between only $10 to $36. Genworth also reports that the cost of home care services only increased by 1% during the past five years. By comparison, the average resident at an assisted living community pays $3,450 per month. Nursing homes can cost up to $948 per day. In the past five years, the costs for assisted living and skilled nursing have risen by 4%.