Joel Landau exact net worth has not been publicly disclosed, as his healthcare businesses are privately held. He built his career as founder of The Allure Group, a network of New York City nursing homes, and Alpha Care Health Plans.
Joel Landau: Quick Facts
| Net Worth | Not publicly disclosed |
| Company Founded | The Allure Group, 2012 |
| Also Founded | Alpha Care Health Plans, since 2009 |
| Notable Deal | Rivington House sale, 2016, drew regulatory scrutiny |
| Settlement | $750,000 penalty plus $1.25 million community donation |
Career
Joel Landau was drawn to eldercare after finding that the care his own ailing grandfather received fell short of his expectations, leading him to co-found The Allure Group in 2012, a network of nursing homes across New York City that specializes in taking over distressed facilities and transforming them into profitable, higher-quality operations. He also founded and chairs Alpha Care Health Plans, which has offered Medicare Advantage and Managed Long-Term Care products to high-risk elderly New Yorkers since 2009, growing the plan from no members under his leadership to 15,000; in 2017, Alpha partnered with Magellan Health to acquire Senior Whole Health, a business Magellan Complete Care later sold to Molina Healthcare for $820 million in 2020.
Landau’s business dealings have also drawn regulatory scrutiny, most notably a 2016 transaction involving the sale of Rivington House, a Lower East Side nursing home, which prompted a New York Attorney General investigation and resulted in a settlement requiring a $750,000 penalty, a $1.25 million donation to a local nursing charity, and a $10 million pledge toward medical centers in the surrounding community.
FAQs
What is Joel Landau’s net worth?
Not publicly disclosed, as his healthcare businesses are privately held.
What company did Joel Landau found?
The Allure Group, a network of nursing homes across New York City, founded in 2012.
What controversy did Joel Landau face?
A 2016 nursing home sale that prompted a New York Attorney General investigation and a financial settlement.
What health plan did Joel Landau grow?
Alpha Care Health Plans, which he grew from no members to 15,000 under his leadership.
