We have known Asif and the Caremerge team for quite a while and we believe there are many synergies for our organizations working together. Most importantly, this investment brings us closer to working with other world-class leading organizations...
Chicago, IL (PRWEB) January 07, 2015
The Ziegler Link•Age Longevity Fund, L.P. (the “Fund”) is pleased to announce today the closing of a strategic investment in Caremerge (“Caremerge”). Caremerge provides a revolutionary, easy-to-use cloud-based coordination platform. Caremerge keeps the entire care team informed and cohesive through an intuitive interface that enables real-time staff interaction, provides families with peace of mind and improves overall senior wellness. Caremerge helps providers and other stakeholders to centralize all care coordination through simple mobile and web solutions, instead of using phones, voicemails, paper, faxes, emails, sms, text, etc. Caremerge is headquartered in Chicago, IL.
The Caremerge investment represents the fourth investment by the Fund since it’s 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.
Caremerge provides solutions for the Independent Living, Assisted Living, Skilled Nursing, Transitional Care and Hospice markets. Caremerge adds value and efficiency in a number of different areas, including clinical collaboration, family engagement, staff efficiency and social connection. Caremerge aims to break healthcare silos by providing a first of its kind care collaboration platform that’s helps track seniors/patients across various providers throughout the entire care continuum.
Asif Khan, Founder and CEO of Caremerge stated, “We are incredibly excited to welcome the Ziegler Link•Age Longevity Fund and its Limited Partner network of some of the best and leading senior living providers in the country as a partner! We are excited to not only provide them excellent solutions and improvements in their operations, but also to leverage our relationship with Ziegler (another Chicago-based firm!) and Link•Age in this next growth phase of the company. We are truly looking forward to working closely with our clients and bringing simple yet highly impactful solutions for their operations.”
John Hopper, Chief Investment Officer of the Fund added, “Caremerge is a company that we have followed for a while and we are very excited to not only invest in their continued growth but to also be able to bring its market leading care coordination platform to our investors, their staff, residents, and families. ” In addition, Neil Borg, Chief Strategy Officer of the Fund stated “We have known Asif and the Caremerge team for quite a while and we believe there are many synergies for our organizations working together. Most importantly, this investment brings us closer to working with other world-class leading organizations that are part of this investment round. These include the lead investor Cambia Health, and other syndicate partners like GE Ventures, Arsenal Venture Partners, and Generator Ventures (Aging 2.0). The collective syndicate and strength of investors will help Caremerge to continue to establish itself as the leading care coordination platform.”
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.
Caremerge is a communication and care coordination platform that helps forge meaningful connections between providers, payers, families and seniors seeking to improve communication in today’s complex healthcare environment.
For more information on Caremerge, LLC and the Care Coordination Platform, please contact Stacy Callahan at 917-972-1101, email: stacy(at)astonishmediagroup(dot)com.
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 privately held, 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.
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