The Senior Residing Transformation Co. has acquired healthcare analytics and companies firm Centered Care and employed James Lydiard to steer it as CEO.
Launched in 2023 with the backing of business veterans Arnie Whitman and Chip Gabriel together with New York Metropolis-based Omega Healthcare Traders (NYSE: OHI), amongst others; the Senior Residing Transformation Co. goals to “rework” senior residing operations with a tech-enabled, data-driven mannequin that integrates with value-based care frameworks.
In 2023, the corporate with Omega acquired The Rivers at Maryland Farms, a 113-unit assisted residing and reminiscence care neighborhood in Brentwood, Tennessee, to function an illustration pilot for the partnership, with newly launched operator Kalven Senior Residing on board to handle it.
Lydiard, who most lately labored as chief technique officer at Pine Park Well being, will assist launch and lead the corporate’s well being care companies enterprise, which incorporates bringing in major care physicians to senior residing communities with devoted areas for residents to obtain therapy if wanted.
He takes the reins at Centered Care from Joelle Poe, who helped launch the Senior Residing Transformation Co. and is transitioning into a brand new position as chief transformation officer and companion. Transformation Co. companions Arnold Whitman and Chip Gabriel shaped Centered Care as a standalone firm when it was based in 2021.
Senior Residing Transformation Co. was drawn to Lydiard’s expertise working for each Pine Park and payers previously, based on Chief Funding Officer Cory Bennett. Centered Care’s mission to gather and make actionable extra resident knowledge amongst disparate programs additionally made it a pure match for acquisition.
He famous that Lydiard’s hiring will lend the corporate extra “horsepower” to launch a brand new scientific care supply service and speed up its targets whereas serving as a “differentiator.” With Lydiard’s hiring and Poelle’s transfer to a brand new position as companion, Senior Residing Transformation Co. has actual property funding, working and know-how and care service acumen.
“The mix of these sorts of skillsets are going to show to be actually enticing, not solely to potential residents, but in addition to working companions, funding companions and distributors,” he added.
The corporate didn’t instantly present phrases of the brand new acquisition.
Senior Residing Transformation Co. is launching the brand new well being care companies enterprise with a watch on preventative care. The corporate’s thesis is that senior residing communities are “uniquely positioned” to “rework your complete healthcare system for good.” Becoming in with that thesis, Centered Care will make use of employees who present knowledge, with added help from medical professionals for prescriptions, planning or care coordination to maintain residents properly for longer. Senior Residing Transformation Co. is also trying to department out into communities managed by companions and add in these comparable scientific areas.
Bennett added because the business shifts in direction of value-based care, SLTC would tackle threat inside a neighborhood it has a presence in.
With Lydiard on board, Senior Residing Transformation Co. is partnering with a major care group in Tennessee and exploring further healthcare and tech investments, which Lydiard will supply and underwrite.
Moreover, Senior Residing Transformation Co. is pursuing actual property acquisitions throughout the nation, with Lydiard answerable for establishing healthcare companies inside them after they modify arms.
The corporate is also looking for to companion with administration teams that “share our similar imaginative and prescient round care and know-how” the place “everybody feels aligned, everybody feels incentivized and reaps the financial profit,” Bennett mentioned.
“That is going to be a transformational 12 months for us,” Bennett mentioned. “We’ve gained loads of traction right here with our Transformation Middle.”
