Exhibit 3:

Characteristics of a national sample of Medicare beneficiaries residing in assisted living communities with twenty-five or more beds (2007 and 2018)

	2007		2018
	Total sample of assisted living residents (n = 329,092)	Assisted living residents with a dementia diagnosis (n = 169,835)	Total sample of assisted living residents (n = 340,532)	Assisted living residents with a dementia diagnosis (n = 145,594)
Age group (years), %
<65	7.2	4.2	8.0	5.1
65–74	10.8	7.5	16.6	10.8
75–84	31.1	31.8	25.2	24.0
85+	50.9	56.5	50.2	60.0
Sex, %
Male	30.9	28.0	34.8	32.1
Female	69.1	72.0	65.2	67.9
Race, %
White	93.1	93.3	90.1	89.7
Black	3.3	3.4	4.7	5.4
Hispanic	1.8	1.9	2.4	2.8
Other	1.9	1.5	2.8	2.2
Dually enrolled in Medicare and Medicaid, %	19.8	21.3	24.1	30.4
Chronic conditions, %
Anemia	66.9	73.1	74.5	86.7
Atrial fibrillation	23.6	24.8	27.0	32.0
Cancer	18.9	19.2	20.6	22.1
Chronic kidney disease	22.2	23.5	48.1	58.4
Chronic obstructive pulmonary disease	33.4	35.4	37.0	45.4
Depression	43.9	53.5	55.9	72.4
Diabetes	31.9	33.4	41.8	48.9
Heart failure	43.7	47.4	43.0	54.8
Hyperlipidemia	67.9	69.7	84.4	90.2
Hypertension	85.2	89.0	87.7	95.2
Ischemic heart disease	59.2	63.7	60.9	72.2
Stroke	25.8	31.9	27.5	38.0
<2 chronic conditionsa	8.0	4.2	6.9	1.1
2–3 chronic conditionsa	18.2	15.7	11.8	5.9
4–5 chronic conditionsa	27.3	27.5	20.7	16.7
6+ chronic conditionsa	46.5	52.6	60.6	76.3
Monthly hospital admission rate, mean (SD)	0.046 (0.210)	0.051 (0.221)	0.040 (0.195)	0.057 (0.231)

SOURCE Authors’ analysis of the Medicare Master Beneficiary Summary File and Medicare Provider Analysis and Review data for a cohort of Medicare beneficiaries residing in nine-digit ZIP code corresponding to an assisted living with twenty-five or more beds in 2007 and 2018. NOTES Denominator is the number of assisted living residents who contributed at least one month of data to the study in each year. SD is standard deviation.

^aCondition counts were created from the conditions listed.