CareWorx Raises $17 Million in New Funding Round
CareWorx, an Ottawa, Canada-based provider of senior care technology solutions, has closed a $17 million round of funding from Kayne Partners, the growth private equity group of alternative investment firm Kayne Anderson Capital Advisors.
The technology firm plans to use the new investment to grow in the senior care market; expand its existing managed services and security offerings; and finance acquisitions.
CareWorx provides a suite of managed services and helps more than 4,600 senior care facilities with their daily electronic health record (EHR) documentation. The company’s services include a 24-7 service desk, remote monitoring and management, IT service management and managed end-user devices.
ASA Recognizes CDW Healthcare With Inaugural Tech and Aging Award
The American Society on Aging (ASA) has awarded its first Technology and Aging Award to CDW Healthcare. The award is presented to organizations that have made outstanding contributions to aging-related research, administration or advocacy, according to ASA.
CDW Healthcare provides IT guidance to a wide range of clients, including large health systems and senior living communities. The organization is a sponsor of the recently opened Thrive Innovation Center, a nonprofit in Louisville, Kentucky, that seeks to transform quality of life and care for seniors through innovation and education.
The 2018 ASA Award winners, including CDW Healthcare, will be honored on during the first general session of the 2018 Aging in America conference in San Francisco on March 26.
Pennsylvania CCRC Gets $850,000 Solar Power Grant
A sizable solar energy project is underway at a senior living community in Huntingdon, Pennsylvania.
The state recently approved an $850,000 solar power grant for Westminster Woods at Huntingdon, a Presbyterian Senior Living continuing care retirement community, reported local news station WTAJ.
The grant money will be used for the purchase, engineering and installation of the solar panels, which workers are slated to install on a four-acre site adjacent to the senior living community.
Written by Tim Regan