The senior housing industry is gradually embracing technology in its wellness initiatives but is still just scratching the surface. That’s according to an active aging industry trends survey recently released by the International Council on Active Aging’s (ICAA). The survey found that senior living providers are shifting away from a care-focused operational model to one […]
An initiative to roll out voice-enabled smart technology in all of Thrive Senior Living’s communities is taking some inspiration from one of the biggest recent phenomenons in video gaming: Fortnite. Specifically, much as Fortnite’s developers continually adapt the game based on player input, Thrive’s technology is enabling the senior living provider to better customize its […]
2018 was a landmark year of growth for senior living smart home potential. 2019 is shaping up as the year the promise is delivered. And senior living providers looking for models of execution can look at their peers, as well as the largest homebuilder in the United States. Most recently, Atlanta-based Thrive Senior Living on […]
SameDay Security recently secured $32 million in a Series D fundraising round, which will help in the development and rollout of “Addison” — a virtual caregiver that could be deployed in senior living to extend length of stay. Las Cruces, New Mexico-based SameDay Security has raised a total of $36 million overall, and already makes […]
The world is smart. Smart watches. Smart phones. Smart homes. Smart consumers. As the smart tech revolution grows, senior living operators are increasingly incorporating this technology on a device-by-device basis to improve specific aspects of the care and living experience. These items include fall detection systems, thermostats, lights and even calendars. What’s coming next is […]
For many senior living tech firms, the holy grail is landing a big national operator as a customer and rolling out across the portfolio. But this is usually easier said than done for even the most innovative companies, as it requires a lot of patience and skill and a dash of luck. And yet, there […]
Tech giants are waging a massive smart tech arms race, and seniors are a prime target. This was never more true than in 2018, as Amazon (Nasdaq: AMZN), Best Buy (NYSE: BBY), Google (Nasdaq: GOOGL) and others made move after move to capture the smart tech senior dollar. Their respective yet similar strategies revolve around […]
Forward thinking senior living operators recognize the potential for tech to improve customer satisfaction, move-ins, employee retention and have a positive impact on value propositions. Two companies, Sunrise Senior Living and Cogir Real Estate, shared their experiences bringing tech into their operations platforms, with positive results, and outlined upcoming plans during a panel discussion on […]
ResMed (NYSE: RMD) is acquiring MatrixCare, the Minneapolis-based health care software platform that specializes in senior housing and care, in a $750 million deal. The transaction, announced Monday, allows San Diego-based ResMed to expand its out-of-hospital Software as a Service (SaaS) portfolio beyond home health and hospice and into skilled nursing and senior care, while […]
K4Connect, a Raleigh, North Carolina-based tech firm serving over 13,000 senior living residents across the country on its K4Community platform, announced it raised $12 million in Series B funding. The funding will allow K4Connect to continue an aggressive growth pattern, CEO and co-founder Scott Moody told Senior Housing News. “We are not interested in steady growth,” […]
