New study shows huge resident, provider interest in new technology
A fund targeting investment companies that are improving the aging experience—including through technology, home-based care and data analytics—has recently closed, with the backing of roughly 100 not-for-profit senior housing providers and specialty investment bank Ziegler. And a new survey from Revera, one of the largest owners and operators of senior living in North America, has revealed that seniors believe in the power of innovation to maintain their independence as they age, according to Senior Housing News.
Chicago-based Ziegler on Thursday announced the close of the Ziegler Link•Age Fund II, L.P., the second fund from the firm in four years targeting companies that are bringing innovative solutions to the aging marketplace.
The $37 million fund will primarily target early to mid-stage, emerging-growth companies that are focused on the aging or post-acute care sectors.
“We’re not seed-stage investors where we invest in ideas,” John Hopper, the fund’s chief investment officer, told Senior Housing News. “[We look for] companies that have a real product.”
The fund’s general partner is Ziegler Link•Age Management II, LLC, which is a 50/50 joint venture between an affiliate of Ziegler and an affiliate of a not-for-profit senior housing provider consortium called Link•Age Ventures, Inc.
Read the full story at Senior Housing News.
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Topics: Technology Trends , Uncategorized