Market News
Private equity investment firm Tryko Partners has acquired Glendale Uptown Home and Lutheran Crossings, two nursing homes about 30 minutes from each other in the Philadelphia area. The 240-bed Glendale in Philadelphia has been renamed Roosevelt Rehabilitation & Healthcare Center. It provides post-hospital care, short-term rehab and long-term residential care on a 1.8-acre property near…
Gento, formerly Nursing Without Walls, a startup providing staffing and care delivery management to skilled nursing facilities and home health agencies, has secured $5 million in Series A funding. The round was led by Jeff Anderson at Palisades Growth Capital and brings total capital raised to $7 million. Gento plans to use the influx to…
It’s Never 2 Late, a digital engagement provider, and Denver-based Christian Living Communities have entered into a strategic partnership to improve the social determinants of health in older adults. By specifically focusing on improving social connection, the two organizations aim to prevent negative health outcomes that can arise when seniors don’t have adequate social support.…
Monticello, a specialized private real estate and asset-based lender, asset manager and servicer, has provided $117 million in first lien debt financing for the acquisition of 12 skilled nursing properties, and the refinance of another with 1,357 beds in North Carolina and Kentucky. The transaction also includes a $10 million working capital loan to the…
DataLink Software, a solution meant to enhance interoperability, reduce costs and improve quality scores, has added Evoke360 to its platform. The browser extension enables providers to access all data from a single source, improve workflow and provide better patient care. “It eases workflow and provider administrative burden by eliminating the need to toggle between different…
CarePeeps is a new tool for professional and family caregivers using voice-driven mobile technology to help navigate and streamline the patient process. Sand Tiger Health’s new online app is a HiPAA-compliant health data and coordination hub that can be shared between caregivers, medical professionals and long-term care facilities. It allows the care recipients or staff…
The TRSA Healthcare Committee has released its 2019 Healthcare Laundry Survey on operations and trends, available for purchase at www.trsa.org/store. The TRSA 2019 Healthcare Laundry Survey was compiled and distributed to linen, uniform and facility services companies serving the healthcare sector. The nearly 50 participants represented the acute, non-acute and long-term care sectors. Questions addressed…
Medi-Dose/EPS has introduced a new line of hazardous drug bags that feature dedicated messages in a bold color scheme to alert healthcare professionals when transporting hazardous medication. Available in four sizes and two thicknesses, the bags are latex free; manufactured from high-quality, low-density polyethylene; and ready for immediate shipment. “We’re always working to improve the…
Commercial flooring manufacturer Patcraft has launched Organic Interruption, a modular flooring collection inspired by the interaction between nature and man-made structure. The 18” x 36” carpet tiles feature linear patterns with organic textures in 12 vibrant and colorful accents incorporated into six neutral bases. The Underlie and Linear Tension styles were inspired by original artwork.…
TapestryCare, a Connecticut based technology-enabled healthcare services company, has announced the completion of a Series A investment round that will support a 100-facility national expansion by 2021. Tapestry employs a combination of telemedicine technology and high-touch clinical services in providing on-site medical care for skilled nursing facilities. “Technology is too often used to replace human…
RESTORE Skills has launched an interactive software product for adult rehabilitation patients that uses any webcam-equipped, Wi-Fi-enabled device as a therapy tool in the gym, at the bedside or at home post-discharge. RESTORE uses motion tracking, machine learning and artificial intelligence to reinforce motor, cognitive, social and attention skills while tracking a patient’s progress. Its…
Kairos Health Systems, a provider-owned health system, announced that it signed an agreement to become a wholly owned subsidiary of LeadingAge PA, one of the country’s largest trade associations for nonprofit aging services providers. Officials with both organizations said the partnership will enhance opportunities to meet the changing needs of members in the post-acute care…
The Post-Acute Care Network, a joint partnership between Life Enriching Communities and Episcopal Retirement Services, is changing its name to Concentric Health. Company officials said the new name more accurately reflects an evolution since the business’ 2011 founding by depicting a mission of driving successful outcomes and decreasing costs of post-acute care. The circle of…
Digital health and performance company IncludeHealth has launched IncludeConnect, a musculoskeletal technology that brings digital capabilities to any equipment already used for rehabilitation. The platform connects, digitizes and integrates any piece of strength or cardio equipment into a HIPAA- compliant, medical-grade software called the IncludeCloud, allowing quantitative and qualitative measurement with feedback to drive better…
Speciality investment bank Ziegler has closed more than $100 million in Series 2019A/B bonds needed for South Carolina’s Bishop Gadsden Episcopal Retirement Community to undertake a massive renovation and expansion. The 143-acre life care retirement community has been nationally recognized for its architectural design and services, but it was in need of capital funding for…
Virginia-based senior living and rehabilitation provider Friendship has implemented DailyPay, a voluntary benefit for employees that allows instant access to earned wages. “Our mission is ‘supporting friends by providing peace of mind’ and one way we, as an organization, can do that is to help our team members be able to meet the immediate financial…
A California-based technology startup has developed an augmented reality headset meant to help patients cope with macular degeneration. Mitchael Freeman, COO of Ocutrx Vision Technologies, LLC, presented the products and discussed how wearable devices, smartphones and artificial intelligence are changing healthcare at the Medical Design & Manufacturing West Conference. Freeman highlighted the Oculenz Advanced Macular…
Mannington Commercial is introducing new laminate vinyl tile designs and colorways for its Divergent collection.Featuring nature-centric visuals and a calming color palette, the collection is designed to provide enhanced performance for healthcare and workplace environments. Inspired by meadows outside one of Mannington’s corporate manufacturing facilities, LVT visuals and colorways for the Divergent Collection include: ●…
Longtime MatrixCare leader John Damgaard is partnering with private equity firm Waud Capital Partners to acquire companies and build a new healthcare information technology software platform. Damgaard was CEO of MatrixCare for six years and has more than 25 years of management experience in health IT. He has a commitment of $150 million in equity…
Guardian Pharmacy of Jacksonville, a locally owned member of Guardian Pharmacy Services, one of the nation’s largest long-term care pharmacy companies, has acquired the LTC division of Atkinson’s Pharmacy. Atkinson’s will operate as Guardian Pharmacy of Jacksonville and continue serving existing LTC customers. This strategic expansion comes as Guardian marks 15 years serving skilled nursing…
