“The acquisition of Tri-Cura’s market expertise and caregiver agency support software will provide People Power accelerated market opportunities in the rapidly expanding telehomecare industry.” Gene Wang, People Power CEO and cofounder
PALO ALTO, Calif. (PRWEB) April 22, 2020
People Power Co., a telehomecare software company with an AI-powered connected home platform that delivers today’s most advanced remote caregiver services, announces today the acquisition of Tri-Cura Inc., a Silicon Valley-based homecare agency support company. The combination of People Power’s advanced senior care services and Tri-Cura’s streamlined onboarding and business support for homecare agencies will enable next generation solutions that help people age safely and independently at home. The combined strength brings expertise in rapid deployments of telehomecare solutions to every position on the homecare need curve – from simplified daily reports for caregivers and families, to streamlined remote and in-person support delivered through an integrated network of certified care agencies.
A recent report from the Centers for Disease Control (CDC) found the death rate from COVID-19 in adults 80 years of age or older to be very high and believed to be over 15%, possibly as high as 22%. With COVID-19 first appearing in nursing homes in the U.S., seniors are expected to demand more than ever the choice to age at home instead of in a care facility. They will need affordable, high quality, intelligent and proactive home care solutions. Advanced technology coupled with expert hands-on care will create a new homecare paradigm.
Joining People Power’s executive staff is Greg McCarthy, CEO of Tri-Cura, whose broad expertise in the homecare industry brings the ability to deliver non-medical care solutions that align to real-world needs of the care industry and their customers. McCarthy will become senior vice president, Healthcare, at People Power. Under the terms of the agreement, People Power has purchased Tri-Cura and its leading care agency business software which will integrate with People Power’s telehomecare solutions that intelligently interpret activities in the home to alert caregivers and families of activity trends, including fall detection. People Power’s acquisition will improve the quality of service to existing Tri-Cura customers, enabling new proactive care implementation plans.
“With People Power’s industry-leading caregiver research and intelligent telehomecare systems, combined with Tri-Cura’s homecare agency background, the combination of our expertise will help deliver advanced caregiving systems at a more rapid pace to meet market needs,” said Greg McCarthy. “I look forward to working together to bridge the gap between truly modern homecare systems and agencies interested in growing their businesses to provide premium care, while addressing the realities of caregiving in a post COVID-19 world. Intelligent telehomecare solutions from People Power will help seniors live in their homes longer and more safely and provide business inroads to agencies offering premium remote and in-home services in the rapidly expanding homecare market.”
Tri-Cura is a comprehensive business support solution designed to help expand efficiencies and revenues for modernized homecare companies. Their software was developed by homecare agency owners to assist other agencies in successfully growing their businesses by becoming more effective, efficient and transparent with clients and their families. Features of the solution include a powerful platform to help manage scheduling, billing, payroll, human resources, partner training, hiring and client benefits with pricing designed specifically for the homecare agency. Additionally, each time a professional caregiver arrives at a client’s home, the Tri-Cura app will remind them to wash their hands and take precautions to improve the safety of their clients while complying with local regulations currently in effect.
“People Power is thrilled to be joined by a respected and established Silicon Valley-based caregiver software company, Tri-Cura,” said Gene Wang, People Power CEO and cofounder. “The acquisition of Tri-Cura’s market expertise and caregiver agency support software will provide People Power accelerated market opportunities in the rapidly expanding telehomecare industry.”
People Power’s Family Care telehomecare system gives agencies and caregivers the ability to offer their clients an affordable 24/7 remote monitoring system to supplement their in-person care services. Activity data is collected through in-home sensors to reveal important insights that help caregivers understand the amount of support their clients need immediately, and as they age. Learn more about the Family Care Partner Program: https://www.peoplepowerfamily.com/pages/partners
About People Power
An industry-leading software and services company specializing in AI-powered solutions for residential telehomecare, safety and security, and energy management. Learn more: https://www.peoplepowerco.com
A leading provider of essential services for homecare agencies, including business support, data management, scheduling CRM and training. Learn more: http://www.tri-cura.com