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,” […]
The National Investment Center for Seniors Housing & Care (NIC) fall conference in Chicago is underway and the senior housing investment advocacy group released news Wednesday in announcing a new software partner certification for seniors housing actual rates — the monthly rates residents pay when living in a senior housing community, as compared to the property’s […]
Many senior living operators are struggling to keep pace with technological innovations. For every forward thinking operator, there is another lagging behind. Not only the pace of innovation but the costs to prepare for it can be overwhelming, Jodi Guffee, Chief Operating Officer of Radiant Senior Living in Portland, Oregon, told Senior Housing News. “If you took […]
Optima Healthcare Acquires Vantage Healthcare Solutions Optima Healthcare Solutions, a leading provider of cloud-based solutions for post-acute care providers, announced the acquisition of Vantage Clinical Solutions, a company specializing in revenue cycle management and digital marketing services for physical therapy practices. The transaction will allow Palm City, Florida-based Optima to expand its post-acute care solutions […]
Disruptive forces such as technology have the potential to revolutionize senior living, but there are experts in and out of the industry who don’t know how the sector will be disrupted, or if operators are willing to acknowledge the future may be now. “People within the confines of the senior living bubble, when asked about […]
Electronics retailer Best Buy’s purchase of GreatCall in August brought the spotlight to the longevity market in a significant manner, and its intentions became even clearer this week, when the company appointed seasoned health care executive Cindy Kent to its board. In a struggling retail landscape, Best Buy is executing a vision that looks to serve […]
A not-for-profit senior living provider is moving forward with a plan to open dozens of new town home-style independent living residences, each equipped with technological and design features meant to help older adults live in the setting longer. Elizabethtown, Pennsylvania-based Masonic Villages is moving forward with a plan to build 58 new “IQ Home” dwellings at its communities in […]
