2024 Power 25 Health Care: Chris Wright
Chris Wright
Chris Wright may not be a household name in the state’s healthcare industry, but he made a big splash in May when his company, iCare Health Network, paid $60 million for a portfolio of eight Greater Hartford nursing home and healthcare properties.
The purchases were noteworthy given the nursing home industry’s struggles in recent years. Wright, president and CEO of iCare Health, apparently isn’t afraid of trying to confront those challenges.
His company provides management, operating and consulting services to skilled nursing facilities and other healthcare providers, mostly in Connecticut. It also operates facilities in Holyoke, Mass., and Bennington, Vermont.
ICare said it manages 10 care centers in Connecticut, including three Touchpoints Rehab centers, six Greater Hartford memory care centers and 60 West, a skilled nursing facility in Rocky Hill.
The company also specializes in healthcare real estate transactions and skilled nursing turnarounds.
In a statement about the recent real estate transaction, the company said: “2024 marks iCare Health Network’s 25th anniversary in operation, having purchased our original group of care centers out of receivership in 1999. Our model was and has been distressed asset turnarounds that bring quality care and value to our residents and the community.”
According to his LinkedIn account, Wright has led iCare since 2000, and he received an accounting degree from Lenoir-Rhyne University in Hickory, North Carolina, where he also earned his CPA license.
He has also been an advocate for the nursing home industry. In 2009, for example, he submitted testimony to the legislature advocating for an increase to the state’s Medicaid reimbursement rates, which has been a big industry issue.
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