Pine Park is $44M vested in Arizona Senior Market

 

PINE PARK is $44M VESTED into Senior Living…Senior living is better for companies like Pine Park Health and its focus on primary care for the valued Senior population.  Wenston DeSue

Cited: seniorliving.com

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 Healthand Cano Health, Pine Park contracts with Medicare Advantage plans that are seeking to control their costs by working with partners that can more effectively manage beneficiary populations.

Unlike those other companies, Pine Park’s model is specifically geared toward senior living.

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“I think all of us, probably all of this class of company, have a similar set of ideas about reinventing primary care, making it holistic, making it coordinated and making it accountable for total cost of care, and using technologies as a significant part of that transformation,” Dan O’Neill, chief commercial officer at Pine Park, told SHN. “But there are huge differences in serving the senior living environments — their operational needs, cadences, patterns and practices.” 

The focus on senior living is paying off in the form of business expansion: Pine Park already provides services in about 50 communities, mostly in northern California, and is working with operators such as HumanGood, SRG and Westmont Living. 

In late 2021, the company began serving the San Diego market and plans to expand through Southern California over the next year-and-a-half, while also expanding into the Phoenix metropolitan area later in 2022.

Wenston DeSue is a realtor, organizational consultant, design, construct, build expert and developmental networker.  Real estate is the business of exchange and affects every person on the planet.  Real estate on all levels represents resources, access, purpose and often times, power.  These articles represent aspects that affect the business of real estate.