Sherwin and his team have built a great product and bring an amazing awareness of the caregiver market and what it takes to provide superior service to those searching for quality in-home care providers...
Chicago, IL (PRWEB) December 01, 2014
The Ziegler Link•Age Longevity Fund, L.P. (the “Fund”) is pleased to announce today the closing of a strategic investment in CareLinx (“CareLinx”). Headquartered in San Francisco, CA, CareLinx is a secure online professional caregiver network that empowers families to directly connect with caregivers and manage their home care services online.
The CareLinx investment represents the third investment by the Fund since its formation in June of 2014. The Fund is one of the first to focus exclusively on the aging market and companies that provide innovative products, services and technologies to meet the growing needs of seniors and senior living providers in this changing era of healthcare reform.
CareLinx enables those in need of caregivers to efficiently find, hire and manage caregivers. CareLinx deploys a team of dedicated Care Planners that help families and those in need of quality home care navigate the process of finding a caregiver that matches their specific needs and budget. CareLinx is unique in a number of different ways:
- Find the Perfect Caregiver. Customers can browse online Caregiver Profiles to find the one that best meets their needs. Every caregiver has been rigorously screened and background checked. Filter results by experience, certifications, reviews and more.
- Interview & Hire With Confidence. Customers can use CareLinx’s secure communication tools to schedule an interview. CareLinx’s interview guidelines empower customers to ask the right questions, and CareLink will handle any paperwork involved in hiring.
- Schedule & Pay Online. Online shift reports allow for greater accountability from caregivers. With CareLink, customers avoid the hassle and the risk of leaving checkbooks and cash lying around the house by letting customers easily pay online. CareLink also handles the taxes and processing.
Sherwin Sheik, CEO and Founder of CareLinx stated, “We are incredibly excited to welcome the Ziegler Link•age Longevity Fund and its Limited Partner network of some of the best not-for-profit senior living providers in the country as a partner! We are certain that their market access and market expertise will be a great addition to the CareLinx team moving forward. The Fund’s limited partners serve a large portion of the aging in our country and we are excited to partner with them to make the process of finding and securing quality caregivers easier.”
John Hopper, Chief Investment Officer of the Fund added, “Sherwin and his team have built a great product and bring an amazing awareness of the caregiver market and what it takes to provide superior service to those searching for quality in-home care providers. We have known Sherwin for many years and could not be more pleased to officially partner with him and CareLinx.”
In addition, Neil Borg, Chief Strategy Officer of the Fund stated “The need for quality caregivers continues to be one of the biggest issues facing America. CareLinx has built an extraordinary network to make the in-home care market more efficient and to connect the supply and demand aspects of a very fragmented marketplace.”
Financial details of the investment were not disclosed.
ABOUT THE ZIEGLER LINK·AGE LONGEVITY FUND, LP:
The Ziegler Link•age Longevity Fund, LP is a limited partnership that seeks to invest in companies who are improving aging in the United States. The Fund, with $26,620,000 of assets, seeks to invest in growth companies who are able to dramatically improve the healthcare IT or healthcare services landscape for our aging population. The Fund’s Limited Partners include 70 of the most innovative and progressive not-for-profit senior living providers in the country. The General Partner of the Fund is a joint venture between Ziegler and Link•age.
ABOUT LINK·AGE VENTURES:
Link•age Ventures is an investment firm interested in investing in financially viable companies that provide products, services or technology to the aging marketplace. Link•age Ventures is a “hybrid” firm in that it will invest in traditional venture capital opportunities and more established companies that fit its investment criteria. Link•age Ventures looks to invest in companies that understand and can leverage the Link•age network of 600 senior living communities and over 300,000 residents to grow their organizations.
The Ziegler Companies, Inc., together with its affiliates (Ziegler), is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
CareLinx is a nationwide professional caregiver marketplace, empowering families to easily find, hire, manage and pay caregivers who match their specific needs and budget online. CareLinx is saving families up to 50% verses traditional brick and mortar franchise agencies, while professional caregivers are earning higher wages. The CareLinx platform helps families and caregivers easily manage all the administrative tasks of their caregiving needs via it’s web & mobile solutions; including scheduling, time tracking, care coordination and payroll processing. CareLinx ensures that families and caregivers comply with all state and federal employment laws and regulations. Caregivers on CareLinx are vetted and have passed a comprehensive background check. Caregivers are bonded and insured via Lloyd's of London when paid through the CareLinx platform. CareLinx is specifically designed for helping patients with chronic conditions and the elderly in need of caregiving services. CareLinx is currently operating in the top 50 metropolitan cities with over 65,000 professional caregivers ranging from CNA's, MA's, LVN's and RN's. CareLinx won the AARP consumer vote at their national conference and has been featured in ‘O, The Oprah Magazine’, PBS, TIME, AARP Magazine, INC., Forbes, BusinessWeek, Bloomberg and more.