The geriatric psychiatry center of a hospital in New York recently announced that it has received a generous grant it will use to fund its efforts to better retirement living.
The Weill Cornell Institute of Geriatric Psychiatry at the New York Presbyterian Hospital has just accepted the largest grant the 20-year-old facility has ever been offered.
The National Institute of Mental Health will give the hospital $10 million over the next five years to continue its research on the various problems that depressed seniors experience.
"This is an exciting time in the history of the Weill Cornell Institute of Geriatric Psychiatry," said Dr. George Alexopoulos, the founder of the institute. "We have the infrastructure and unique mix of innovative findings and synergies in place to take our research to the next level by developing new treatments and improving the care offered to elderly patients in the community."
The research team at the institute concentrates on three areas: the biology of depression, the treatment of depression and the implementation of this treatment.
According to Dr. Alexopoulous, the elderly population will increase by 73 percent by the year 2020, and 15 percent of these seniors will develop clinical depression.