CarePredict Receives Series A-3 Funding to Accelerate Growth in Senior Care

Fort Lauderdale, Florida, July 12, 2023 /PRNewswire/ — CarePredict announced today that $29 million Series A-3 investment co-led by SV Health Investors’ Medtech Convergence Fund and Aspire Healthtech Partners. CarePredict’s innovative technology autonomously identifies changes in daily activities and behaviors that precede health problems such as urinary tract infections, falls, malnutrition and depression. The ability to detect early signs of health concerns enables preventative care and maintains the overall health of older adults. Peer-reviewed Published studies show that CarePredict reduced hospital stays by 39%, reduced hospital stays by 69%, and lengthened hospital stays by 67% in lower care settings.

The investment was co-led by SV Health Investors’ Medtech Convergence Fund and Aspire Healthtech Partners. In addition to existing institutional investors Secocha Ventures and Las Olas Venture Capital, family offices and individual investors also participated.

Greg MaddenManaging partner SV Health Investors said, “CarePredict has demonstrated excellent traction in senior housing, providing predictions and early interventions to not only keep seniors healthy, but to keep them healthy.” ‘s proven track record, we are well-positioned to expand into the aging housing segment.” It has a positive and meaningful impact on healthcare costs. ”

Philip GuissiCEO of Edgewood Healthcare and managing director of Aspire Healthtech Partners, said, “We are able to provide meaningful resident movement and physiological data in our vertically integrated, owned and managed senior housing portfolio. We have thoroughly researched wearable technology.” Our unique approach to data accumulation and analysis has enabled us to achieve our goals of virtual integration and predictive intervention. Along with this investment, we started installing his CarePredict into the community. ”

Satish MovaCEO and Founder of CarePredict said, “We are very pleased that SV Health Investors and Aspire Healthtech Partners have joined us in our vision to reimagine care for the elderly. We look forward to accelerating our impact across the field and payer models.” senior care. ”

About CarePredict

CarePredict is a leading technology company specializing in senior care solutions. CarePredict combines artificial intelligence, predictive analytics, and wearable devices to provide caregivers with real-time insights, enabling proactive care delivery and improved quality of life for seniors. CarePredict is redefining how we care for an aging society with a focus on safety, health and independence. CarePredict is used holistically usa It is used not only in senior housing, but also in home care agencies serving aging customers in their own homes. Building on initial success in two regional markets, CarePredict is poised to expand nationwide to offer Medicare Advantage and value-based care.

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