MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
|
|
Dear friends and colleagues,
Welcome to May, one of the prettiest months of the year with roses in bloom and the fragrance of lilacs in the air. We are excited to be producing the 20th annual What’s Next Longevity Venture Summit on June 14-15 as we are piecing together the puzzle of investment trends and innovation in the market. We’re delighted to have Grant Chamberlain, Senior Managing Director of Ziegler walk us through the major findings of his new report, including high-priority aging solutions, how over 800 start-ups fit into the ecosystem, and where we can expect M&A activity in 2023. We’ll also have Laurie Orlov discussing her new report on AI and older adults – one of the most important and emerging topics of our day. Overall, we have more than 60 speakers from around the world and the many key centers of thought leadership in the US, including the Age Tech Collaborative, the NIA, and Ziegler. Expect to network with entrepreneurs, investors, and public and private funders. I hope you can join us, either in person or virtually. As our population ages, this is a growth market and we continue to discover the business models that work.
I'm also pleased to announce that we will close the conference with the first annual John Hopper Leadership Award, named for the late John Hopper who was a founding member and chief investment officer of Ziegler Link-Age fund and an inspiration to so many.
Warmly,
Mary
|
Table of Contents:
- MFA Events
- MFA Podcasts
- Funding News
- Corporate Updates
- Books, News, and Reports
|
|
|
The What's Next Longevity Venture Summit is less than one month away! Over 25 investors are participating in the conference -- including Ziegler Link-Age, 7 Wire Ventures, Magnify, Portfolia, and Primetime Partners -- along with entrepreneurs, providers and payers, senior living and home care providers, government agencies, and nonprofits. Learn about trends, funding sources, and public/private partnerships in the $8.3 trillion longevity market. Register today to join us on June 14-15 or to access the conference content on demand virtually through July 31!
|
|
What's Next Longevity Deal Talk |
|
What's Next Living Longer Better Smarter |
|
Episode 50 – With a new book “The Real Work on the Mystery of Mastery” and a new audio book with Steve Martin, Adam Gopnik has so much to share. Plus with the Surgeon General focused on the epidemic of loneliness, Vivid-Pix founder Rick Voight shares the connection between photos and mental health.
|
|
Funding News
-
Caregiving benefit provider Wellthy raised $25 million in funding and acquired end-of-life company Lantern.
-
Dr. B Dental Solutions, which focuses on dentures and other dental appliances, raised $5 million in seed funding led by the HALL Group.
-
Recuro Health raised $47 million in Series B funding to expand its Digital Medical Home Care model.
-
India-based men’s chronic care provider Bonatra will expand into women’s health through its acquisition of MyAva for an undisclosed amount.
-
Care management platform MedArrive raised $8 million led by Cobalt Ventures.
-
London-based hearing health provider TympaHealth raised $23 million in Series A funding led by Octopus Ventures.
-
Home care provider Amedisys will be merging with home infusion provider Option Care Health.
|
|
Caregivers Support Candidates Who Support Them
AARP’s latest survey, conducted by the bipartisan polling team of Fabrizio Ward and Impact Research, highlights a number of important findings related to caregivers. Notably:
- An overwhelming majority of voters, 78%, are either current, past, or future family caregivers.
- Majorities of caregivers experience emotional and financial strain.
- More than 70% of voters would be more likely to support a candidate who backed proposals to support family caregivers
- Nearly 6 in 10 voters say it is very important for Congress to support family caregivers
View the full report here.
|
|
TCARE Wraps Up Busy Month
TCARE has a number of exciting updates this month, including:
-
Vince Bodnar joined TCARE as Chief Actuary, SVP of Insurance Products. Vince was named one of the “20 Most Creative People in Insurance” by ThinkAdvisor and has served multiple times as Chairperson of the Society of Actuaries Long Term Care Insurance Section.
-
Non-emergency medical transportation broker MTM has made a substantial investment in TCARE.
- TCARE CEO Ali Ahmadi was named by Ernst & Young as the "Heartland Region" Entrepreneur of the Year Finalist.
|
|
CABHI Releases New Podcast Episodes
The Centre for Aging + Brain Health Innovation (CABHI) recently launched a series of Community of Innovation Podcast episodes featuring conversations from the 2023 CABHI Summit. The first episode features Dr. Brent Chappell, a radiologist and a slam poet from Saskatchewan. Watch Brent’s powerful keynote address, as he inspires us to understand why Alzheimer’s disease research and innovation matter.
|
|
GetSetUp Receives Awards
GetSetUp was recently awarded the Presbyterian Senior Services (PSS) Impact Award. PSS is a non-profit organization that provides services and support to older adults in New York City, and the Impact Award highlights champions of positive and purposeful aging. We are proud that GetSetUp’s work helping older adults learn new skills, connect with others, and unlock new life experiences was recognized as worthy. In addition, GetSetUp received an honoree status for the Fast Company World Changing Ideas award in the category of Education. These awards honor projects or tools that improve the quality of education or make learning more equitable.
|
|
Medtelligent Partners with TapRoot’s Ella® to Incorporate Behavior Planning into EMR Platform for Senior Living
TapRoot, a Phoenix-based digital healthcare company, announced the launch of a new partnership with Medtelligent, Inc., using their electronic medical record platform, ALIS, to provide senior living a one-stop, easy to use, integrated care management platform to solve everyday care management, staff scheduling, compliance, and reporting challenges for senior living communities.
|
|
ZNest Accepted in MassChallenge x AARP AgeTech Accelerator
ZNest, a vertical SaaS and marketplace for senior housing operators, was accepted into the MassChallenge x AARP AgeTech Accelerator. Upon completion of the program in June, ZNest will join the AARP AgeTech Collaborative. The platform has raised $1 million to date.
|
|
Ziegler Releases Senior Living & Care Reading List
Ziegler put together a must-read list of the latest research, white papers, and articles on the senior living and care space. Click here to see what was included.
|
|
Snowday Launches Participant Recruitment Services for Product Research
Snowday now offers recruitment services to help product developers gain easier access to hard-to-reach older adult and caregiver research participants. Snowday’s nationwide panel captures a range of diverse voices not found in typical recruitment pools, providing authentic representation of this population in product research for better informed product decisions.
|
|
1843 Capital Presents at Global Conference
Founding Partner Tracy Chadwell spoke on the “Reframing Aging, Never Past your Prime panel at the Milken Institute Global Conference in Los Angeles. Listen to the session now.
|
|
Cellular Connectivity Now Available With OdessaConnect
OdessaConnect has enhanced connectivity for its users via the addition of a cellular modem to its TV box, enabling connectivity with families, doctors, care team and community for patients who do not otherwise have an internet connection in their home.
|
|
Botco.ai Survey Looks at Use of AI Tools in Marketing
A new survey conducted by Botco.ai found nearly three-quarters of marketers are using generative AI tools to create text, images, videos, or other marketing content. The report shows how marketers are leveraging these tools to improve performance, drive cost efficiencies, and speed up creative cycles, with website copy being the most common use case.
|
|
Please forward this newsletter to colleagues who may be interested. If this newsletter was forwarded to you, subscribe here to get it sent to you each month!
|
|
|
|
|
|
|
