Private Equity Firm Combines ElderLife, 2 Companies to Launch Senior Assistance Platform

Private equity firm Growth Catalyst Partners has merged three companies that assist prospective senior living residents and their families under the umbrella of a new senior assistance platform called SilverAssist. Specifically, the company is combining three recent and strategic acquisitions: Elderlife Financial Services, which provides financial assistance to help residents pay for senior living; Care […]

Elderlife Financial Founder Out, New CEO Leading Company

Elderlife Financial is going through some management changes and as a result, the company’s founder is no longer with the company. Elias Papasavvas, the founder of Elderlife has been replaced by Roque A. Santi as the chief executive officer. Prior to joining Elderlife, Santi was the president of ECC Capital, a mortgage Real Estate Investment Trust (REIT) […]

As Savings Decrease, Seniors Turning to Supplemental Options to Fund Care, Housing

In the aftermath of the Great Recession, the need for—and awareness of—supplemental options for paying for senior living has grown substantially, spurring the growth of relationships between senior living providers and senior funding sources. The economic downturn, burgeoning senior population, and ongoing budget crisis have combined to create an environment in which a growing number […]