Welltower Forms Senior Housing Partnership with CareMore Health
Ohio-based Welltower Inc. formed a strategic collaboration with CareMore Health to improve care, outcomes and to reduce the total cost of care for the senior populations living in select Welltower communities. The initial focus will be to integrate CareMore’s clinical programs and onsite care models at Welltower communities in Los Angeles and Orange County, in collaboration with Welltower operating partners Belmont Village and SRG Senior Living.
Welltower’s Thomas J. DeRosa noted this is a first of its kind collaboration with CareMore Health. He says, “We firmly believe that this innovative partnership will demonstrate the benefits of managing the complex health care needs of seniors in lower cost settings, with the goal of achieving improved outcomes.” He added, the partnership “will benefit not only our resident senior population, but will offer a true model of value-based health care.”
Eventually, CareMore and Welltower will look to expand this partnership into other regional and national markets.