Curana Health is set to broaden its collaboration with Ciena Healthcare to introduce an I-SNP (Institutional Special Needs Plan) model to residents across Ciena’s 31 facilities throughout Michigan.
In this expanded partnership, Align Senior Care, a wholly-owned subsidiary of Curana Health, will provide upgraded benefits and on-site preventative clinical care tailored for Medicare-eligible residents within Ciena Healthcare communities.
Mark Price, CEO of Curana Health, expressed excitement about the collaboration.
“We’re thrilled to be partnering with Ciena Healthcare to create superior health outcomes for people in Michigan. Our I-SNP delivers a model of care that helps operators reduce unnecessary hospitalizations and bring better health, happiness, and quality of life to residents,” he said in a press release.
Mohammad A. Qazi, President & CEO of Ciena Healthcare said that I-SNPs have demonstrated an ability to drive better health outcomes in residents.
“We are thrilled to be partnering with Curana Health to make its provider-led I-SNP available to Medicare Advantage members in our Michigan skilled nursing, rehabilitation, sub-acute, and assisted living facilities,” he said.
The Ensign Group Expands Presence in Texas with Acquisition of Champions Healthcare at Willowbrook
The 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 operational assets, was completed through a subsidiary of Standard Bearer Healthcare REIT, Ensign’s captive real estate company. The acquisition became effective on November 1, 2023.
Champions Healthcare at Willowbrook comprises a 98-bed skilled nursing facility and a 144-bed assisted living facility.
“We are thrilled to grow our presence in Texas with the addition of this healthcare campus, which we have had our eye on for some time. This acquisition greatly enhances our existing operations in the Houston market,” Barry Port, Ensign’s CEO, said in a press release.
The move aligns with Ensign’s broader strategy of targeted expansion into key markets, he said.
The real estate aspect of the transaction was facilitated through Ensign’s subsidiary, Standard Bearer, underscoring the company’s integrated approach to real estate management within the healthcare sector.
With this acquisition, Ensign’s growing portfolio now comprises 297 healthcare operations, 27 of which also include senior living operations, spanning thirteen states. Notably, Ensign subsidiaries, including Standard Bearer, now own 113 real estate assets, further solidifying the company’s position as a major player in the healthcare real estate sector.
Blueprint Facilitates 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 constructed in 1960, the facility is positioned south of downtown Boston. It contains over 18,000 square feet and a range of unit configurations, with proximity to large mixed-use developments and regional hospitals.
Blueprint said they collaborated closely with the current ownership to determine the highest and best use of the facility, ultimately finding a new owner in a family office. The family office plans to repurpose the property into a multifamily space.
