TAMPA, Fla., April 21, 2015 /PRNewswire/ — Windward Health Partners, a Tampa-based private investment and holding company, announces its portfolio company, Mission Health Communities, has taken over 14 skilled nursing facilities in the state of Kansas. This transaction represents the fifth portfolio company managed under the Mission Health umbrella.
The Kansas State Department for Aging and Disability Services (KDADS) supported Mission Health Communities’ takeover of the facilities and worked closely with the company, the property owners, and Windward Health Partners to obtain an expedited license transfer and integrate operations of the 14-facility, 700 employee acquisition in 45 days.
“We’re thrilled with the quick turnaround we were able to achieve in transferring key personnel and operational responsibilities of these facilities, and we look forward to making the needed improvements and upgrades to better serve the residents and their community,” said Stuart Lindeman, CEO of Mission Health.
Mission Health Communities now manages a total of 32 companies and has grown from just 13 communities in 2010 to 32 today. The addition of the Kansas portfolio brings Mission Health Communities to operations in six states.
“This transaction continues the expansion of the Windward portfolio and adds to our breadth of experience in the healthcare market,” said Scott Feuer, co-founder of Windward Health Partners.
Bryan Crino, cofounder of Windward Health Partners, is excited about the prospects for bringing the Kansas portfolio into the team’s operating infrastructure. “Moving forward, we’ll rely on our track record and experience guiding companies through major transitions to help Mission Health execute on its strategy of servicing its residents and the healthcare community.”
This announcement comes on the heels of a busy year for Mission Health Communities, which closed two major deals in 2014 including a $40 million purchase/leaseback of the North Ridge Communities in Minneapolis, Minnesota and a long term lease of three communities in Wisconsin.
For more information about Mission Health Communities, visit www.MissionHealthCommunities.com.
About Windward Health Partners LLC
Windward Health Partners LLC was co-founded in 2003 by Skyway Capital Partners’ Bryan Crino and Scott Feuer as a captive private equity investment and holding company to make control investments in lower middle market companies. Based in Tampa, Florida, the company continues to grow and diversify its holdings.
About Mission Health Communities
Based in Tampa, FL, Mission Health currently manages and operates 32 communities across six states that offer independent senior living, assisted living, skilled nursing, rehabilitation, home health, and adult daycare services with the goal of helping patients and residents enjoy healthy, fulfilling lives.