CarePredict Receives Sequence A-3 Funding to Speed up Development in Senior Care

FORT LAUDERDALE, Fla., July 12, 2023 /PRNewswire/ — CarePredict at this time introduced a $29M Sequence A-3 funding co-led by SV Well being Buyers’ Medtech Convergence Fund and Aspire Healthtech Companions. CarePredict’s modern know-how autonomously identifies modifications in every day exercise and behaviors that precede well being points similar to urinary tract infections, falls, malnutrition and melancholy. The power to detect the early indicators of well being issues permits preventive care and preserves the general wellbeing of older adults. Peer-reviewed and revealed research have proven that CarePredict reduces hospitalizations by 39%, falls by 69% and will increase the size of keep in a decrease care setting by 67%.

The funding was co-led by SV Well being Buyers’ Medtech Convergence Fund and Aspire Healthtech Companions. Present institutional buyers Secocha Ventures and Las Olas Enterprise Capital participated, together with household places of work and particular person buyers.

Greg MaddenManaging Accomplice, SV Well being Buyers stated, “CarePredict has demonstrated glorious traction in senior housing and is effectively positioned to increase into the getting older in place phase with a confirmed report of prediction and early intervention to not solely protect the well being of older adults however to meaningfully have an effect on healthcare prices positively.”

Philip GisiCEO of Edgewood Healthcare and Managing Director of Aspire Healthtech Companions, stated, “I’ve achieved an exhaustive search of the wearable applied sciences that may present significant resident motion and physiological knowledge in our vertically-integrated, owned, and managed senior housing portfolio. CarePredict’s distinctive method to knowledge accumulation and evaluation permits us to appreciate our purpose of digital integration and predictive interventions. Together with this funding, we’ve began putting in CarePredict in our communities.”

Satish MovvaCEO & Founder, CarePredict, stated, “I’m more than happy that SV Well being Buyers and Aspire Healthtech Companions have joined us in our imaginative and prescient to reimagine look after older adults and I sit up for accelerating our affect throughout all care settings and payer fashions in senior care.”

About CarePredict

CarePredict is a number one know-how firm specializing in senior care options. By combining synthetic intelligence, predictive analytics, and wearable gadgets, CarePredict empowers caregivers with real-time insights, enabling proactive care supply and enhanced high quality of life for seniors. With a deal with security, well-being, and independence, CarePredict is redefining how we look after our getting older inhabitants. CarePredict is utilized all through america in senior housing in addition to by house care businesses to service their purchasers getting older in place at house. CarePredict is poised to increase nationwide into serving Medicare Benefit and value-based care constructing on preliminary success in two regional markets.

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SOURCE CarePredict