Aging in place – the latest trend. Rant on. People want to age in place – just ask them, as AARP did in 2018. Of course, in the not-cited part of that survey, only 59% expected to be able to do so. Little did they know that a pandemic was coming, that visiting with aging family would become a nightmare – with people unable to see their relatives for many months. The death rates from Covid-19 (or with Covid-19) of seniors in nursing homes and assisted living were horrific on the one hand and daunting to prospective move-ins. So by late 2020, EVERYBODY wants to age in place – an unprecedented trend, says Rock Health – and health innovators have taken note.
Abby Miller Levy, a wellness executive and founder, and Alan Patricof, one of America’s most iconic investors, co-founder of Greycroft with $2B in AUM and founder of Apax Partners with $50B in AUM, announce the launch of Primetime Partners. The venture capital firm will focus on seed and early-stage investments in products, services, technologies and experiences for the aging, including aging in place, financial security for retirees, care management, longevity health services, and enriching consumer experiences for this underserved population.
CHICAGO, June 30, 2020 /PRNewswire-PRWeb/ -- The Ziegler Link•Age Funds announced today that they will invest in and partner with BlueStar SeniorTech of Rockville, Maryland to support BlueStar's growth efforts nationwide. BlueStar SeniorTech provides aging-in-place technologies to help American seniors stay safe, healthy and connected in their homes as they age.
BlueStar SeniorTech joins a cadre of Ziegler Link•Age Fund investments fostering innovation and new care delivery models in the post-acute and aging market.
AARP recently published several new reports -- all worth a read. Rant on. The survey reports, about the 50+ gamers and 50+ tech trends, each identify an age band of the 70+, something AARP began a few years ago and kudos to them, that banding continues among some of their research reports. Not so the Longevity Economy Outlook, which lumps the wealth of the population for those aged 50-100, but no breakout was offered about the spending potential for the population at the higher end of the age bands. From an economic standpoint -- what will they (or their families) spend money on, how is their health, what is the cost of their care, where do they live? Who knows?
Elder Home Monitoring 2.0 – it may fill a growing need. Several companies noted were at CES or with announcements at or around that time offered up the possibility of a dashboard or collected insights about the wellbeing of an older adult at home. These may signal not only the next generation of in-home monitoring, but also the next generation of predictive analytics used to help older adults stay longer at home and/or out of the hospital. The timing is good as the oldest Baby Boomer turns 74 this month – and more older adults are staying longer at home. Information is from the company websites or press materials:
Voice First -- The year began and ended with speaking. And shouting. Strolling is not the right word, but as we approached the Las Vegas Convention Center last January, Google Assistant was on giant billboards all around – with competing and nearby giant Amazon Alexa signs. We are attending again this year – and I cannot imagine what is left to say, so to speak. But I am sure the blaring will begin at the door. Here are the most read blog posts from 2019. Happy New Year – and onward to 2020, the publication of the now-completed Voice, Health and Wellbeing 2020 report on Friday, January 3, and so many more (and counted) CES steps -- more wearables, virtual experiences, smart and not-so-smart speakers. See you there!