MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
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Dear friends and colleagues,
Spring is officially here. And we are well on our way for our 20th What's Next Longevity Venture Summit, which will be held June 14-15 LIVE at the Claremont Hotel in Berkeley, California. We are excited to announce that AARP renewed for the 20th year as the lead sponsor of the event. Registration is open and we continue to add exciting speakers and agenda items. We will be hosting the Social Connection Pitch Competition with the AgeTech Collaborative from AARP at the Summit. More details to come soon. And don't forget that the deadline to apply to the $10k Business Plan Competition is April 28, 2023! In other conference news, we are excited to participate in the CABHI conference and as a judge in the Longitude Prize Competition on Dementia in the UK.
It has not been an easy time in Silicon Valley but we must say how impressed we are by the many investors, bankers, governments and corporations came together to shore up the financial crisis situation. It has been difficult for many start-up CEOs to navigate the changes, on top of the regular challenges of running a company. We will be sharing some of the latest strategies for going to market and navigating financial issues at our upcoming events. It has been stressful but – like the California winds and storms – we know this will pass and we will continue to weather whatever challenges lie ahead.
Our hearts are heavy from the loss of pioneer and investor John Hopper and our support goes out to his family, friends, and colleagues during this difficult time. John was the founder and Chief Investment Officer of the Ziegler Link-Age fund and judged many of our competitions. He provided sound judgement, integrity, and leadership for entrepreneurs and investors alike. Read the "In Memoriam" below for a longer recognition of his monumental contributions to the field.
Be sure to take time for self-care! I'm working to up my step count each day. Join me!
Warmly,
Mary
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Table of Contents:
- MFA Podcasts
- Journey Health and Lifestyle Acquires LifeWalker Mobility
- Spanning and Scanning Through Generations
- MFA Events
- Funding News
- Events and Opportunities
- Corporate Updates
- Books, News, and Reports
- In Memoriam: John William Hopper, II
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What's Next Longevity Deal Talk |
Episode 17: Journey Health and Lifestyle Acquires LifeWalker Mobility – What goes into a deal like the acquisition of LifeWalker Mobility by Journey Health and Lifestyle? Mary and Fred are joined by Journey Health and Lifestyle CEO Mitch Yoel and Mark McCutchen, former CFO of LifeWalker Mobility, maker of the UpWalker. Then, there’s the busy March conference calendar, from SXSW to CABHI to the American Society on Aging event in Atlanta. AgeTech Atlanta CEO Jeffrey Gray chats with us about one of the events, the Age Tech Challenge Innovation Showcase.
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What's Next Living Longer Better Smarter |
Episode 45: Spanning and Scanning Through Generations – What can delving into family history do to improve our lives? There are some surprising benefits! A new partnership involving the National Genealogical Society and Vivid-Pix, the arrival of new Memory Station technology can help to open up many doors. National Genealogical Society Executive Director Matt Menashes and Vivid-Pix CEO Rick Voight join Mary and Fred to discuss the announcement at this week’s RootsTech Conference and more.
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Register now for the 20th annual What's Next Longevity Venture Summit, June 14-15, 2023, at the Claremont Hotel in Berkeley, California. The theme of the event is Closing the Gap: Investment and Innovation in the Longevity Market. Dan Hermann, President, CEO, & Head of Investment Banking at Ziegler joins us as co-host and we are excited about the topics we'll cover and the presenters and attendees who will be there.
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Funding News
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Woodland Ventures, a new digital health venture fund, was launched at SXSW 2023.
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CVS Health is acquiring Oak Street Health – a primary care provider focused on Medicare patients – for $10.6 billion.
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Madrid-based home care provider Senniors raised $5.6 million in seed funding led by SixThirty.
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Ryse Health, which treats Type 2 Diabetes, raised $6.5 million in Series A funding led by Route 66 Ventures.
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Musculoskeletal technology provider IncludeHealth raised $11 million led by CincyTech.
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Vytalize Health, which provides a data-driven care platform for primary care practices treating Medicare patients, raised $100 million in funding led by Monroe Capital and Enhanced Healthcare Partners.
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Events and Opportunities
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CABHI Summit 2023 – Daring to Disrupt: Reimagining the Aging Experience – will take place on March 22nd. Register today for a day of inspiration, learning, networking, and meeting the latest MC2 cohort of innovators!
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The American Society on Aging's annual conference – On Aging – will be held in Atlanta on March 27-30, 2023.
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Applications for the Medicaid Innovation Collaborative’s 2023 Innovation Showcase, which will highlight companies addressing social determinants of health, are due April 11, 2023.
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The National Institute on Aging (NIA) has launched the 2023 NIA Start-Up Challenge and Accelerator with registration and submission due by April 20, 2023. And check out the 2022 winners!
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Explore other NIA funding opportunities that may be a fit for your business.
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Gender on the Ballot
March 14 was Equal Pay Day, “but it feels more like the movie Groundhog Day when it comes to the gender pay gap and women’s economic security,” writes Nancy LeaMond, AARP’s Chief Advocacy & Engagement Officer in her latest blog. The gender pay gap has largely remained unchanged for the past two decades, and it has huge implications for women’s financial security.
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GetSetUp Launches New Partnership in India and Its First Cookbook
GetSetUp partnered with Rubicon Foundation in India to sponsor classes that empower older adults with the skills necessary to become more confident and self-sufficient. Topics include digital literacy, job-seeking, and reskilling in the digital sphere. In other news, GetSetUp is excited to release its first-ever cookbook, GetSetUp Kitchen: A Global Culinary Journey, featuring a vibrant collection of recipes from around the world. It is a celebration of this togetherness and the power of food to bring people together.
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TCARE Offers First Ever Caregiver Insurance
TCARE recently went live with the nation’s first ever caregiver insurance product via Guaranteed Trust Life (GTL), which includes TCARE’s caregiver concierge offering, plus a cash benefit for costs related to caring for a loved one. Other updates include that CEO Ali Ahmadi received an award at the annual Dealmaker’s Conference hosted in St. Louis and that TCARE has expanded its footprint in Chennai, India.
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Vivid-Pix Launches Community Engagement Program
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Discover Live Launches Diversity & Cultural Calendar
Discover Live's travel experiences immerse people in the diverse cultures, beliefs and traditions that exist around the world. Discover Live has launched its new Diversity & Cultural Calendar - a unique and effective tool that supports diversity & inclusion. The calendar provides live, virtual, world-travel experiences that celebrate the diversity of cultures, ethnicities, religions and other identities throughout the year.
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Ziegler Releases New Telehealth White Paper
Ziegler has released a new white paper on deconstructing the telehealth industry. The fourth in a series, the paper highlights the latest telehealth trends including workforce supports, remote monitoring, behavioral health, and much more!
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Joe & Bella Names Advisory Board
Adaptive apparel brand Joe & Bella recently named an advisory board to support the business's growth, including: Seven Petras, Priority Life Care; Jason Zucarri, Hamilton Insurance and Hilarity for Charity; Tony Ruberg and Scott Blount, VIUM Capital; and Paul Blum, the Ember Group and formerly of Fred Segal, Kenneth Cole, David Yurman, and Juicy Couture. And keep an eye out for the release of seven new products, including innovative new tops and bottoms for both women and men!
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Centaur Robotics Participates in Aviation X Lab Challenge
Centaur Robotics is working with Team Geo to provide a full airport mobility service for older passengers and other travelers with restricted mobility. Chairman Eric Kihlstrom demonstrated the prototype to His Highness Sheikh Ahmed bin Saeed Al Maktoum, Emirates airline’s chairman and chief executive, at the Aviation X Lab challenge in Dubai.
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GoodTrust Updates Its Offerings
GoodTrust has updated its online services to include will-based or trust-based estate plans for $149, which includes critical documents like a power of attorney, health care directive, pet and funeral plans, a Digital Vault, and more. It also recently updated its offerings in the AARP Rewards Program. Plus, to celebrate International Women's Day, GoodTrust offered free accounts to women in the U.S.
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LifeBio Nearing Completion of Clinical Trials
LifeBio Memory, from LifeBio, is nearing the completion of clinical trials that include feedback from focus groups, including people living with dementia. The findings have informed the company's work and changes to the life story and reminiscence therapy app.
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Books, News, and Reports
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A new analysis by the Kaiser Family Foundation found that Medicare Advantage insurers had much higher margins per enrollee than insurers in other markets.
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MFA’s Sherri Snelling shares lessons we can learn from the world’s longest study on happiness.
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President Biden’s proposed budget includes $150 billion for home- and community-based services.
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AARP released a 2023 update to its groundbreaking Valuing the Invaluable report on family caregivers.
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Scott Budman and Mike Malone discuss the collapse of Silicon Valley Bank and its ripples throughout the financial industry in the latest episode of The Silicon Insider.
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In Memoriam: John William Hopper, II
It is with a sad heart that we share the news of our dear colleague John Hopper, the founder of the Ziegler Link-Age funds, who died unexpectedly from unknown causes on Tuesday, March 14. His family will hold a celebration of life on March 22 in Bluffton, SC. John was a pioneer in the longevity marketplace and an amazing board member and investor who helped the CEOs of companies such as Carelinx, Embodied Labs, TCARE, LifeSite, Vynca, Blue Star Telehealth, Breezie, and many more. He was a judge every year in our competition since the formation of the Ziegler Link-Age fund, and we participated weekly in the Academies that helped vet the next generation of ideas. He had the smartest intellect and the kindest personality, and was a stalwart board member and investor. We are all absorbing this loss and are all so much better for having had him in our lives. Our hearts go out to his family and his extended network of friends.
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