MFA Longevity Market Report
News and insights from thought leaders in the longevity economy
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Dear friends and colleagues,
- More than 250 registrations (sold out!)
- 26 venture firms participating
- 60 first-time attendees
- 50+ entrepreneurs
- 20 sponsors
- 8 countries represented
This year we teamed up with the AgeTech Collaborative from AARP to host the Social Connection Pitch Competition. Entrepreneurs were challenged to create age tech solutions for addressing this important issue and finding ways to create connections for older adults. The winner, Kinsome by Ophelia Labs, founded by Eben Pingree, was the top choice of the judges, as well as the people’s choice.
Even if you were unable to attend the conference, you can still access the virtual conference content on demand until August 31. It’s a great learning experience for the summer! We have sessions that were recorded at the event in addition to virtual sessions that were pre-recorded for this purpose. Click here to register today and use discount code 4JULY for 20% off. If you registered for the event already, you should have received an email with information to access the content.
One of the highlights in the virtual conference content is a research report from Ziegler’s Grant Chamberlain on smart aging solutions that allow seniors to age gracefully and safely. He talks about deconstructing the telehealth industry and shares the driving forces for telehealth and smart aging solutions. You can also learn about the top ten investment trends that I gleaned from our conversations with five investor panels, including mitigating social isolation, chronic disease management, memory and cognitive loss, caregiving, mobility and more.
Finally, I wanted to share a favorite photo that I took recently. I hope you are enjoying your summer.
Warmly,
Mary
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Table of Contents:
- MFA Podcasts
- Funding News
- Corporate Updates
- Events and Opportunities
- Books, News, and Reports
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What's Next Longevity Deal Talk |
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Episode 20: Telehealth, AI, & Socal Connection Pitch Finalists – Mary and Fred are joined by Ziegler’s Grant Chamberlain who previews his whitepaper on telehealth, and Aging and Health Technology Watch’s Laurie Orlov shares her new research on the future of AI and older adults. We also feature the finalists in the Social Connection Pitch Competition, in conjunction with the AgeTech Collaborative from AARP.
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What's Next Living Longer Better Smarter |
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Episode 51: Time for Some Tech – A robot that remembers where you put things. A smart stove knob that can turn itself off. A watch to monitor your health and connect to caregivers and doubles as a phone. In Episode 51, co-hosts Mary Furlong and Fred Fishkin are joined by Sean Liu of Ping, Akshita Iyer of Ome and University of Waterloo researcher Ali Ayub.
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Funding News
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Caregiving app Wellthy raised $25.5 million and acquired end-of-life planning platform Lantern.
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Virtual chronic care management platform HealthSnap raised $9 million in Series A Funding led by Asclepius Growth Capital and Steve Cashman.
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Dysphagia healthcare provider Patheous Health acquired Carolina Speech Pathology for its imaging and education services.
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Grief and loss website Mi Alma raised $1.5 million in Pre-Seed Funding through a combination of individual investors.
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UnitedHealth Group’s Optum is making a play to buy home health and hospice provider Amedisys for $3.26 billion.
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Women Rely on Social Security
Social Security is the bedrock of financial stability for millions of Americans, but for women, it is an absolute lifeline. Women make up the majority of Social Security recipients and millions rely on the program for 90% or more of their income. Read more about why Social Security is so essential to the group and the challenges they face on the road to financial security throughout their lives in Nancy LeaMond, AARP’s Chief Advocacy & Engagement Officer, latest blog here.
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Ageless Innovation Redesigns Iconic Hasbro Games
Ageless Innovation announced that it will redesign three iconic Hasbro games – The Game of Life, Scrabble, and Trivial Pursuit – to meet the needs of aging loved ones. The redesigned games – The Game of Life Generations, Scrabble Bingo, and Trivial Pursuit Generations – will be available for pre-sale, will be available through most major retailers, and will be distributed through select healthcare partners.
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TCARE Partners with New Hampshire DHHS
TCARE recently signed a two-year contract with the State of New Hampshire, Department of Health & Human Services to provide their agencies with licenses to use TCARE’s caregiver support platform. The contract includes integration in the State’s reporting system, and includes the option to extend the contract for four years (through Sept 2029).
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CABHI's Community of Innovation Podcast – Love Out Loud: Sexuality, Intimacy, and Aging
The Centre for Aging + Brain Health Innovation (CABHI) presents the latest Community of Innovation podcast episode, “Love Out Loud.” Hosts Drs. Allison Sekuler and Rosanne Aleong chat with Maggie Perquin and Sylvia Davidson about sexuality, intimacy, and aging with a focus on individuals living with dementia and their partners. Tune in as they talk candidly about the experiences of these individuals, including relationship changes, the unique challenges for 2SLGBTQI+ couples, and how the healthcare system can better support them.
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GetSetUp Supports Athletes Attending the National Senior Games
As part of this initiative, GetSetUp will provide these athletes with a full GetSetUp branded kit, symbolizing unity and empowering them with a sense of identity within their sport. Additionally, athletes will gain exclusive access to GetSetUp's innovative online platform, enabling them to share their stories, insights, and training techniques with a global audience through our National Senior Athletes' series.
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Many Senior Living Providers Unprepared for CEO Succession
The latest Ziegler CFO Hotline poll found that nearly 34% of senior living CEOs are expected to leave their roles within the next 5 years and another about 33% are expected to leave their roles within 5-10 years. Only 38% of respondents reported that they had a succession plan, and only ¼ of those had a specific candidate selected.
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LifeBio Expands MyHello
LifeBio has expanded MyHello, a social support and care management platform that addresses the epidemics of social isoliation and loneliness. MyHello uses any type of phone to match members and stimulate social connection in both English and Spanish.
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Join Botco.ai Webinar on June 29th
Join Botco.ai on June 29th to discover how genAI chat transforms senior living through education, census growth, support, remote monitoring, socialization, and reduced isolation. Register today.
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Events and Opportunities
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Apply by June 30 for The Age of AI pitch competition, produced by AgeTech Collaborative™ from AARP.
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The Centre for Aging + Brain Health Innovation (CABHI) opened applications for their Discover and Adopt (D+A) Program, which offers Canadian-based care delivery organizations the chance to receive up to $150,000 CAD in funding and training to build skills and capacity to introduce, implement, sustain innovations in their organizations. Apply by June 30.
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Apply by July 14 for the second annual Accelerating Innovation in Aging program, MATTER’s accelerator to support entrepreneurs with solutions to navigate caregiving or improve caregiver well-being.
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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!
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