ActiveCare, Inc. (ACAR.OB) has secured a $10 million equity line of credit funding from a group of European investors. Led by Sapina, LTD., the funding is expected to help strategically align ActiveCare as a leader in the senior care market. The company plans to use the funding to complete a significant R&D project and realign […]
Category: Technology
Health care merger and acquisition volume totaled $58.9 billion in the third quarter of 2011, placing the sector on pace to strongly surpass its volume in 2010. Having seen $185.9 billion to date in 2011, heath care M&As should exceed last year’s activity by about 20%, says Levin Associates’ Health Care M&A Report for the third […]
Independa, Inc., a telehealth innovator, recently closed a seed round of venture capital funding that to date has raised $1.6 million for the company as it prepares for a major expansion in services for independent seniors. The funding came from private investors and Southern California venture capital firms Miramar Venture Partners and City Hill Ventures. […]
The Mayo Clinic Center for Innovation (CFI) recently announced that Best Buy is the founding consortium member of a new “living lab” in the Charter House, a Rochester continuing care retirement community. The Mayo Clinic CFI is collaborating with the Mayo Clinic’s Robert and Arlene Kogod Center for Aging and the Charter House to further […]
OnShift, Inc., a software program allowing long-term care and senior living providers to schedule staff and manage shifts, has expanded its service platform to include the iPad. The innovation is expected to help directors of nursing, administrators, schedulers, and others in long-term care and senior living to save time and improve efficiency by giving them […]
AARP awarded two $18,500 scholarships to entrepreneurs focused on meeting the needs and wants of the growing baby boomer population. The companies were invited to present their ideas on stage at the DEMO Conference, a tech industry event earlier this week. “AARP is continually looking for new ways to shape and transform society so that aging […]
The National Science Foundation recently awarded Indiana University with a $500,000 grant earmarked for helping researchers to understand how technologies can assist underserved older adults as they age in place. “The shifting demographics associated with an aging population require novel solutions to meet the health needs of the growing number of older adults around the […]
The National Institute of Health/National Institute on Aging awarded a grant to AFrame Digital for further research in falls reduction using its wireless mobile care monitor platform. Along with the University of Virginia and Vinson Hall, a retirement community in McClean Virginia, the groups will monitor 30 residents in their normal living environment so that researchers […]
The number of adults using social media sites increased to 65%, according to a report from a new national survey by the Pew Research Center’s Internet & American Life Project. It’s the first time more than 50% of all adults said they’re using the sites, and a dramatic increase from the first survey in 2005, […]
ESCO Technologies LLC recently announced the launch of a Channel Partner program for its CareConnect telecommunications services, which are only offered to senior living communities. The program offers partners high, uncapped commissions paid upfront on long term contracts, typically lasting 10 years. The company points out that the senior housing industry, which is expected to […]
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