Senior Housing News June 10, 2021
AllyAlign has a significant new investment and a new CEO — and now, the company is looking to expand its model of care for older adults.
The Glen Allen, Virginia-based company, which helps senior living and care providers launch and run Medicare Advantage institutional special needs (I-SNP) plans, announced Thursday it received a $300 million capital infusion from an investment group led by New Enterprise Associates (NEA).
The big investment round is the latest signal that Medicare Advantage plans and coordinated care models are becoming more commonplace in senior living. The rise of provider-owned MA plans has been a trend in recent years, with AllyAlign being a key partner driving and supporting these efforts.
Additionally, health system veteran Mark Price...
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