The big health care headline in the last week was CVS’ purchase of Oak Street Health for about $10.6 billion. Also last week, Humana announced a five-year agreement with ChenMed — a company similar to Oak Street — to provide “senior-focused concierge care” to Humana’s Medicare Advantage members. Senior living providers have observed the reinvention […]
Oak Street Health
CVS Health (NYSE: CVS) on Wednesday announced the company is buying Oak Street Health in a transaction valued at $10.6B. With the deal, CVS is gaining a new value-based primary care service line that connects older adults with primary and preventive care. Oak Street has 169 medical centers across 21 states. “This agreement will accelerate […]
Pharmacy and retail giant CVS Health (NYSE: CVS) is exploring buying value-based health care provider Oak Street Health (NYSE: OSH) in a deal that could be valued at more than $10 billion. That is according to a report published in Bloomberg, which noted that a transaction is not a certainty. If Oak Street changes hands, […]
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 […]
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 […]
Covid-19 dramatically highlighted that senior living communities are health care settings. With that comes an increasing belief among prospective residents and their families that operators will assume primary responsibility coordinating care. Operators recognizing the shift have been able to create an integrated model, blending the hospitality aspects of senior housing with providing primary care and […]
In May 2020, we ran a story arguing that Covid-19 was building the case for senior living providers to become involved in Medicare Advantage (MA). Now, there are signs that this is coming to pass: AllyAlign Health has raised a $300 million investment round Senior living-focused American Health Plans (AHP) is growing Rick Matros, CEO […]
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 […]
Among the many lessons that Covid-19 drove home in 2020: No one can predict what the future holds. But as the senior living industry battles the latest wave of infections and starts to beat back the pandemic through vaccination, it’s also more important than ever to look ahead and try to identify what trends will […]
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