MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
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Dear friends and colleagues,
As the What’s Next Longevity Innovation Summit approaches, we are grateful for the leadership and collaboration of our many partners. We will share new and compelling data from leaders, like AARP’s Dr. Jean Accius, whose new report states that the 50-plus population’s impact on the global GDP is projected to more than double over 30 years to $118 trillion in 2050. It will be so wonderful to be back in person at the National Press Club. Register today to have a chance to meet and talk with 100 stakeholders. Register soon as tickets are almost sold out! If you can’t make it, you can join us for virtual sessions on Dec 13, which will include live sessions and recordings from the National Press Club, which can be viewed on demand until January 31.
Thanksgiving – one of my favorite holidays – is a time to express our gratitude for the many gifts in our life and to also recall those less fortunate. I’ve never been more grateful for all of those who provide care, services, and mentorship. Of course, I’m also incredibly thankful for our exemplary events team especially the producers and planners, Linda Jones and Jen Banta, as well as my wonderful podcast co-host Fred Fishkin.
A toast of gratitude to you and yours and to our clients, sponsors, and team that make this adventure possible. Now, time for holiday gatherings, food, and laughter!
Warmly,
Mary
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Table of Contents:
- MFA Events
- What's Next Longevity Innovation Summit Dec 7-8 & 13
- MFA Podcasts
- Robots, Healthcare, and Senior Living
- Medicare, Your Money, and the Inflation Reduction Act
- Taste, Togetherness, and Technology
- Caring for Caregivers
- Funding News
- Events and Opportunities
- Corporate Updates
- Books, News, and Reports
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Will we see you at the What's Next Longevity Innovation Summit?
We hope you will join us in Washington, DC on December 7 & 8 for the 2022 What’s Next Longevity Innovation Summit, followed by sessions and learning journeys on the afternoon of December 8, and a day of virtual sessions a week later on December 13! This hybrid event will feature speaker panels, keynotes, networking opportunities, and learning journeys. With the theme of Innovation and Policy in the Care Economy, we will address multiple issues in caregiving, social determinants of health, regulatory issues facing the longevity ecosystem, technology advancing the quality of life for older adults, investor priorities, and additional topics. Register today for live and/or virtual sessions. Space is limited for the in-person event in DC and only a few seats remain.
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What’s Next Living Longevity Deal Talk |
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Episode 11: Robots, Healthcare, and Senior Living – In this episode of What’s Next Longevity Deal Talk, co-hosts Mary Furlong and Fred Fishkin are joined by Labrador Systems CEO Mike Dooley. Labrador Systems has announced the first reservations for its assistive robots. Where, when and what can they do? They are also joined by others onboard with the new technology – Nationwide innovation director Micah Fening, along with Jon Siegel and Kasondra McCormick from Phoenix-based The Perfect Companion.
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Episode 12: Making Sense & Sensors – The AARP is out with a groundbreaking report on the Global Longevity Economy Outlook. AARP Head of Global Thought Leadership Jean Accius joins Mary and Fred to discuss the numbers and their impact. Then Aging and Health Technology Watch Founder Laurie Orlov discusses her new report on the future of sensors.
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What’s Next Living Longer Better Smarter |
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Episode 39: Medicare, Your Money, and the Inflation Reduction Act – The new prescription drug provisions in the Inflation Reduction Act will be a game changer for millions. What can you expect and when? Mary and Fred are joined by AARP Executive VP Nancy LeaMond and the Kaiser Family Foundation’s Tricia Neuman, who share what has been accomplished and the battles still ahead.
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Episode 40: Taste, Togetherness, and Technology – A pre-Thanksgiving tradition! Chef, entrepreneur, PBS personality, and author Lidia Bastianich joins Mary and Fred once again. They are joined by Ageless Innovation’s Ted Fischer and the extraordinary Garrett Brown, whose latest invention – the Zeen – seeks to transform personal mobility. Listen for recipes, innovations and fun!
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Episode 41: Caring for Caregivers – The holiday season often brings added stress for caregivers. But there is help and hope on the way through a new national strategy on family caregiving. Want to learn more? In this episode of What’s Next Living Longer Better Smarter, Mary and Fred are joined by Wendy Fox-Grage from the National Academy for State Health Policy and Rani Snyder from the John A. Hartford Foundation.
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Funding News
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Elder care predictive analytics company Inuts Care raised $14.1 million in Series A funding led by Deerfield Management.
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End-of-life care company Guaranteed raised $6.5 million in seed funding led by BrandProject.
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Hearing technology company Yes Hearing raised $10 million in Series A funding led by Blue Heron Capital.
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Germany-based elder care company Patronus raised €27 million in Series A funding led by Singular and Adjacent.
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Walgreens acquired the remaining stake in CareCentrix for $329 million and VillageMD (owned by Walgreens) acquired Summit Health-CityMD for $8.9 billion.
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Upliv, a menopause care company, received $8.4 million in seed funding from Northwell Ventures and Aegis Ventures.
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Events and Opportunities
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Apply by December 2, 2022 for the Centre for Aging + Brain Health Innovation (CABHI)’s Spark Program. The program provides point-of-care staff (workers, managers, researchers) and caregivers working in Canadian healthcare delivery organizations up to $50,000 (CAD) in funding to transform their grassroots ideas into real-world applications, in the field of aging and brain health.
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The AgeTech Collaborative is hosting its demo day on December 8th at 1-2pm ET.
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Explore National Institute on Aging (NIA) funding opportunities that may be a fit for your business.
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Older Voters Turn Out in Droves
Older voters once again turned out in droves in this election. According to national exit polling, they made up 59% of the electorate, up from 56% in the 2018 midterms. We also know they “punch above their weight,” making up just 47% of the voting-age population, yet nearly 60% of all ballots cast. And while you can count on older voters to turn out, they’re not a monolith. How they voted in the 2022 midterm elections depended on several factors, including age, race, gender, and geography.
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GetSetUp Continues to Expand Partnerships
The New York State Office for the Aging (NYSOFA) and Association on Aging in New York (AgingNY) have expanded their partnership with GetSetUp to continue offering free online classes for hundreds of thousands of older adults in New York State. 122,000 New Yorkers flocked to the site last year, taking 169,000 classes. Now, the program will expand to include jobs, nutrition, and more.
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Latest LeadingAge Ziegler 200 Released
Ziegler and LeadingAge have released the 19th Edition of the LeadingAge Ziegler 200, which lists the 200 largest non-profit senior living providers and analyzes industry trends. Read the full report today!
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Ageless Innovation Celebrates Half Million Joy For All™ Companion Pets
Ageless Innovation announced the delivery of its 500,000th Joy for All™ Companion Pet. The award-winning collection of animatronic Pets, inclusive of three cats, two pups, and a recently released bird, aim to alleviate leading issues among older adults including social isolation, loneliness, and cognitive decline by delivering joy, fun and happiness to improve quality of life.
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Botco.ai Workshop Explores Boosting Website Conversion Rates
In Botco.ai’s most recent Workshop Series Webinar, Sydney Reece from Connections Wellness Group explores how AI chat helps boost conversion rates among those looking for behavioral health services on their site. This is equally true for senior living clients, who have become comfortable using newer technology in recent years. Watch the webinar on-demand to learn how to create a digital front door for your healthcare organization with AI chat.
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iGuard Selected for 2023 REACH Canada
On November 7, 2022, Second Century Ventures, the strategic investment arm of the National Association of Realtors, announced that iGuard Home Solutions, Inc was among the six companies selected for its 2023 REACH Canada program. REACH Canada will offer its 2023 program members a robust curriculum including education, mentorship, exclusive networking opportunities and significant exposure to the global real estate marketplace.
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Torque3 Seeking to Connect with Stroke Rehabilitation Providers
Stroke is a huge global challenge, disproportionately impacting seniors. Every year, there are 12M new stroke survivors. Torque3’s vision is to transform stroke recovery and bring the lives of these survivors to new levels of independence. The Torque3 team is keen to get input to help us shape our product roadmap. If you work with stroke survivors, please reach out to laura@torque3.com to help shape this valuable product.
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ONSCREEN Expands Team
ONSCREEN addresses the growing problem of social isolation and loneliness in older adults using TV-based video calling. It recently announced the appointment of Costin Tuculescu as CEO and the addition of new advisory board members Brian Berning and Jay Grant.
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ElliQ Included in TIME's 2022 Best Inventions
ElliQ, the digital care companion addressing loneliness among older adults, was recently named one of the 2022 TIME Best Inventions. Evaluated on originality, efficacy, ambition, and impact, ElliQ was recognized within the Accessibility category.
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1843 Capital Makes New Investments
1843 Capital, an early stage venture fund focused on aging and longevity, made 3 new investments this month. Rippl, a mental health for seniors company, Keen, a technology company helping Medicare eligible consumers make the best choices and Kinto Care, a technology company serving those who serve Alzheimer’s patients.
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