Sunbound Joins Forces with Omega Healthcare in Strategic Partnership

Sunbound Partners with Omega Healthcare Investors

In a significant move for the senior living industry, Sunbound, a prominent provider of financial solutions for senior living operators, has announced a strategic partnership with Omega Healthcare Investors (NYSE: OHI), one of the most respected real estate investment trusts (REITs) focused on the healthcare sector. This collaboration will not only deliver enhanced services to senior living organizations but also reinforces Omega's commitment through an equity stake in Sunbound.

This partnership comes at a crucial time when senior living operators are looking for innovative ways to ensure financial sustainability and operational efficiency. Omega operates a vast network of Skilled Nursing Facilities (SNFs) and Assisted Living Facilities (ALFs) across the United States and the United Kingdom, looking to streamline processes and improve their business operations. As part of the agreement, Omega's network will have preferred access to Sunbound’s industry-leading payment, accounts receivable, and financing solutions. This exclusive arrangement will provide Omega's operator partners with significant pricing advantages and improved access to the tools they need to optimize their financial workflow.

Manny Cominsky, Co-founder and CEO of Sunbound, expressed enthusiasm about the collaboration, stating, “We are incredibly excited about this strategic partnership with Omega Healthcare Investors. Omega's deep expertise and expansive network in senior care will accelerate our growth and enhance our ability to deliver exceptional value to senior living operators. This partnership marks a vital milestone and reflects the positive impact our solutions are already delivering with several of Omega's operating partners.”

Omega Healthcare Investors echoes this sentiment. Matthew Gourmand, President of Omega, emphasized the strategic alignment of the two organizations, saying, “Partnering with Sunbound integrates perfectly with our mission to empower our operator partners with innovative technology solutions. Sunbound has proven to be an invaluable resource, and our investment will further boost the performance and competitiveness of our operator partners.”

The collaboration taps into Sunbound's cutting-edge financial software designed specifically for senior living operators. By focusing on timely payment processing, improved billing accuracy, and optimized cash flow, Sunbound is positioned to significantly enhance the experience for both operators and residents. Furthermore, families can benefit from a more transparent payment experience, alleviating the stress traditionally involved in managing financial transactions in senior care settings.

Through this partnership, Omega's operator partners will be able to integrate Sunbound’s solutions into their operations at advantageous rates. While detailed financial terms of the agreement were not disclosed, the long-term benefits of this partnership are anticipated to be substantial, propelling a shift towards more efficient financial practices in the senior living sector.

Sunbound is committed to revolutionizing the financial operations of senior living communities, aiming to eliminate inefficiencies that have long plagued the industry. Their user-friendly platform simplifies processes, ultimately leading to improved cash flow and resident satisfaction. As trust builds in the Sunbound framework, operators across the country are beginning to leverage these systems to enhance their daily operational excellence.

For more information on Sunbound and its offerings, visit sunboundhomes.com, and for insights on Omega Healthcare, check omegahealthcare.com.

This partnership signifies a forward-thinking step in the senior living industry, aiming not only to improve financial metrics but also to enhance the caregiving journey for residents and their families. The impact of such collaborations could pave the way for increased integration of technology solutions in healthcare settings, marking a new era for senior living.