Leading healthcare REIT Welltower (NYSE:HCN) announced a partnership with Johns Hopkins Medicine with the goals of improving care for the aging population, as well as developing a modern and efficient healthcare infrastructure.
Since the older age groups are the fastest-growing segment of the population, it will be important throughout the next few decades to be able to adapt the healthcare system to the rising number of senior citizens, and to make sure their needs are met.
According to Mercedes Kerr, Welltower’s Executive Vice President of Business Development and Relationship Management, “Care cannot always be delivered in the high cost hospital setting and for the transition to be successful, real estate needs to have a seat at the table.”
The initial focus of the collaboration will be to explore joint initiatives such as:
- Measuring quality outcomes in assisted living and memory care.
- Developing educational programs, for patients and caregivers.
- Combining the resources of both companies to share best practices.
In addition, the partnership plans to assess opportunities to invest in modern and efficient healthcare facilities.
Does it matter?
“Welltower is ideally positioned to partner with major academic and regional health systems, a move which will allow us to capture important value for shareholders.” Kerr said. “Through…