Daniel E. Straus

Career

Straus attended Columbia University, graduating with a B.A. degree in Political science. Straus went on to earn a law degree from New York University School of Law, and became a lawyer for at Paul, Weiss, Rifkind, Wharton & Garrison in New York City.

In 1984 Straus left the law firm to co-found the health care company Multicare Companies Inc. with his brother Moshael. Straus served as co-CEO and President of the new company, which owned four nursing homes inherited from their father, Joseph. Under the direction of the Straus brothers the company increased revenue and profitability through a combination of high-quality care, specialty services, high occupancy rates and profitable payer profiles. In 1993, Multicare Companies Inc. became a public enterprise, eventually selling to Genesis Health Ventures, Inc. in 1997 for $1.06 billion.

Following the success of Multicare, Straus continued to grow businesses in the health care industry. In 1998, Straus founded and became chairman and CEO of CareOne LLC, which operates 70 nursing homes and assisted care facilities in the New England area, admitting over 20,000 patients per year. In 2006, Straus co-founded and is chairman and chief executive officer of Aveta, Inc., and InnovaCare Health Solutions, LLC, which are managed health plans. Straus also has holdings in other health care businesses such as Ascend Concierge Home Care, Ascend Home Health, Ascend Hospice, Care Realty, Care Missouri, CareVirginia, HealthBridge Management, and Partners Pharmacy.

In addition to health care businesses, Straus founded and manages The Straus Group, which invests in hedge funds, private equity and real estate. His JZS Madison LLC company recently purchased 6 brownstones and 2 townhouses on Madison Avenue in New York City for commercial and residential development.

Straus also founded Bridge Sports LLC, which in 2012 bought a minority share of the professional basketball team the Memphis Grizzlies, a member of the NBA; he is currently the vice chairman of the organization.

Philanthropy

In 2016, Straus and CareOne LLC organized a charity event which raised $1.7 million for the Breast Cancer Research Foundation (BCRF). The gala was held at Gustavino's in New York City and was attended by over 1000 people.

In 2014, Straus and CareOne LLC organized a fundraising event for The Valerie Fund, which provides donations for families with children suffering from cancer and blood disorders. Their 2014 Valentines Ball gala had attendance of over 900 guests and raised $1.1 million for the charity. Also in 2014, Straus and CareOne LLC founded The CareOne Cancer Fund in honor of its longtime executive Dan Grimes, who was diagnosed with advanced lung cancer. The CareOne Cancer Fund was created to help raise support for employees of CareOne during and after cancer treatments. The campaign hosted over 100 fundraising events and concluded with a concert at Fenway Park in Boston and the eventual donation of over $1.3 million.

In 2012, Straus and CareOne LLC created the CareOne Disaster Relief fund to help employees of CareOne recoup losses from Hurricane Sandy. The fund raised more than $1 million and distributed grants to over 100 employees affected by the storm to help repair homes and replace lost property.