This article is available as part of your SHN+ membership This week, Walmart announced the closure of its Walmart Health business, which will shutter 51 health centers across five states. The news is part of a reckoning that is unfolding in the health care sector, with implications for senior living. The health care reckoning can […]
Cano Health
Two senior living leaders have spoken of “self-disruption” in recent weeks. Bickford Senior Living Executive Vice President Alan Fairbanks used the term during his appearance on the SHN podcast, Transform. And HumanGood CEO John Cochrane gave an entire keynote presentation on the concept at the LeadingAge Illinois conference on May 17. Cochrane summed up the […]
Having raised $44 million, Pine Park Health is poised to bring primary care into more senior living communities in 2022 and beyond. Founded in 2019, Pine Park is part of a new generation of providers reinventing how primary care is delivered to older adults. Like companies such as Oak Street Health and Cano Health, Pine […]
As 2022 begins, headlines are unfortunately reminiscent of 2020, featuring news of Covid-19 case counts, global disruptions to business and transportation, and even whole cities going into lock down. But for the U.S. senior living industry, history will not repeat itself in 2022. That’s thanks largely to the number of residents vaccinated against Covid-19 and […]
While senior living operators continued to battle the Covid-19 pandemic in 2021, the industry was being reshaped by blockbuster deals. It’s no surprise that Atria Senior Living’s acquisition of Holiday Retirement — with Welltower (NYSE: WELL) investing in 86 Holiday properties — led to the most-read story on Senior Housing News in the last 12 […]
This article is an exclusive feature available as a part of your subscription to SHN + Following a SPAC merger that valued the company at about $4.4 billion, Cano Health is expanding — and its CEO and founder, Dr. Marlow Hernandez, sees great potential for senior living partnerships. “We have several clinics, I estimate a […]
Real estate giant Related Companies is making a health care play focused on older adults through a newly announced investment in CareMax. In 2018, Related joined forces with Atria Senior Living to launch a $3 billion development pipeline focused on serving some of the most affluent urban markets in the United States. The new partnership […]
Lifespace Communities continues to make progress in its efforts to streamline its portfolio for growth. The West Des Moines, Iowa-based nonprofit continuing care retirement community operator announced it is turning over ownership and management of two campuses — Deerfield, in Des Moines, Iowa; and Grand Lodge at the Preserve in Lincoln, Nebraska — to Immanuel […]
Insurance giant Humana (NYSE: HUM) will pay approximately $5.7 billion to take full ownership of the nation’s largest home health provider, Kindred at Home. The transaction values Kindred at Home at $8.1 billion; Humana holds an existing equity value of $2.4 billion — a 40% stake — through a deal executed in 2017 with private […]
Cano Health is primed for expansion, as it prepares to go public via a special purpose acquisition company (SPAC) deal, announced in November, that values the company at roughly $4.4 billion and provides about $935 million to grow and pay down debt. Going forward, partnerships with senior living providers are of keen interest. “We can […]
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