Curana Health partners with Ciena Healthcare to expand I-SNP; Ensign expands presence in Texas with Champion Healthcare deal

Curana Health will expand its partnership with Ciena Healthcare to introduce the I-SNP (Institutional Special Needs Plan) model to residents at Ciena’s 31 facilities in Michigan.

In this expanded partnership, Align Senior Care, a wholly owned subsidiary of Curana Health, will provide upgraded benefits and on-site preventive clinical care to Medicare-eligible residents of Ciena Healthcare communities.

Curana Health CEO Mark Price expressed excitement about the partnership.

“We are pleased to partner with Ciena Healthcare to create superior health outcomes for the people of Michigan. Our I-SNP provides a care model that helps operators reduce unnecessary hospitalizations and provide better outcomes for residents. Health, happiness and quality of life.”

Mohammad A. Qazi, president and chief executive officer of Ciena Healthcare, said I-SNP has been shown to improve residents’ health outcomes.

“We are pleased to partner with Curana Health to offer provider-led I-SNP to Medicare Advantage members at our skilled nursing, rehabilitation, subacute and assisted living facilities across Michigan,” he said.

Ensign Group acquires Champions Healthcare of Willowbrook, expanding presence in Texas

Ensign Group (Nasdaq: ENSG), a provider of skilled nursing and senior living services, announced the successful acquisition of Champions Healthcare located in Willowbrook, a prestigious medical campus in Houston, Texas.

The transaction, which includes real estate and operating assets, was completed through a subsidiary of Standard Bearer Healthcare REIT, Ensign’s proprietary real estate company. The acquisition is effective November 1, 2023.

Champions Healthcare at Willowbrook includes a 98-bed skilled nursing facility and a 144-bed assisted living facility.

“We are excited to expand 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 presence in the Houston market,” said Ensign Chief executive officer Barry Port said in a release.

He said the move was in line with Ensign’s broader strategy of targeted expansion into key markets.

The real estate aspect of the transaction was brokered through Ensign’s subsidiary Standard Bearer, underscoring the company’s comprehensive approach to real estate management within the healthcare industry.

With this acquisition, Ensign’s growing portfolio now includes 297 healthcare businesses, 27 of which also include senior living businesses across 13 states. Notably, Ensign subsidiaries, including Standard Bearer, currently own 113 real estate assets, further solidifying the company’s position as a major player in the healthcare real estate space.

Blueprint assists in the sale of a 53-bed skilled nursing facility in Boston

Blueprint sold a 53-bed skilled nursing facility in the Boston metro area.

The facility was built in 1960 and is located south of downtown Boston. It contains over 18,000 square feet and a range of unit configurations and is located near a large mixed-use development and area hospitals.

Blueprint said they worked closely with the current owners to determine the highest and best use for the facility, ultimately finding a new owner in a family office. The family office plans to convert the property into multifamily space.

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