Curana Health intends to expand its collaboration with Ciena Healthcare to introduce an I-SNP (Institutional Special Needs Plan) model to residents at 31 Ciena facilities in Michigan.
In this expanded partnership, Align Senior Care, a wholly owned subsidiary of Curana Health, will provide enhanced benefits and on-site preventive clinical care tailored to Medicare-eligible residents in Ciena Healthcare communities.
Mark Price, CEO of Curana Health, expressed excitement about the collaboration.
“We are thrilled to partner with Ciena Healthcare to create superior health outcomes for the people of Michigan. Our I-SNP provides a model of care that helps operators reduce unnecessary hospitalizations and provide better health, happiness and quality of life for residents,” he said in a press release.
Mohammad A. Kazi, president and CEO of Ciena Healthcare, said I-SNPs have demonstrated the ability to drive better health outcomes in residents.
“We are excited to partner with Curana Health to make its provider-directed I-SNP available to Medicare Advantage members at our skilled nursing, rehabilitation, subacute and assisted living facilities in Michigan,” he said.
The Ensign Group is expanding its presence in Texas with the acquisition of Champions Healthcare in Willowbrook
Ensign Group (Nasdaq: ENSG), a provider of skilled nursing and senior living services, announced the successful acquisition of Champions Healthcare at Willowbrook, a prominent healthcare campus in Houston, Texas.
The transaction, which included both real estate and operating assets, was completed through a subsidiary of Standard Bearer Healthcare REIT, Ensign’s private real estate company. The acquisition became effective on November 1, 2023.
Champions Healthcare in Willowbrook includes a 98-bed skilled nursing facility and a 144-bed assisted living facility.
“We are excited to grow our presence in Texas with the addition of this health campus that we have had our eye on for some time. This acquisition significantly enhances our existing operations in the Houston market,” said Barry Port, CEO of Ensign, in a press release.
The move is in line with Ensign’s broader strategy of targeted expansion in key markets, he said.
The real estate aspect of the transaction was facilitated through Ensign’s subsidiary, Standard Bearer, which highlights the company’s integrated approach to healthcare real estate management.
With this acquisition, Ensign’s growing portfolio now includes 297 healthcare operations, 27 of which also include senior operations, spanning thirteen states. Notably, Ensign’s subsidiaries, including Standard Bearer, now own 113 real estate assets, further cementing the company’s position as a major player in the healthcare real estate sector.
Blueprint facilitates the sale of a 53-bed skilled nursing facility in Boston
Blueprint executed the sale of a 53-bed skilled nursing facility in the Boston metropolitan area.
Originally built in 1960, the facility is located south of downtown Boston. It contains over 18,000 square feet and a range of unit configurations, adjacent to large mixed-use buildings and regional hospitals.
Blueprint said they worked closely with current ownership to determine the best and best use for the facility, ultimately finding a new owner in a family office. The family office plans to redevelop the property into a multifamily space.