In the midst of an ongoing labor crunch, one electronic health monitoring company is rolling out a virtual caregiver named “Addison” and is positioning itself to work with private-duty home care agencies. SameDay Security has raised $35 million to make it happen. The funds, of which about $32 million came from the recently completed Series […]
Merrill Lynch
When a professional home health agency isn’t an option, family and other unpaid caregivers are often asked to pick up the slack. It’s estimated that more than 34 million people in the United States provide unpaid care to individuals 50 and older. The economic impact of those services is far from trivial. Indeed, unpaid caregivers—largely […]
The vast majority of retirees 50 and older say their top preference for receiving long-term care is in their own home, driving demand for these services, according to a new Merrill Lynch retirement study conducted in partnership with Age Wave. Eighty-five percent say, if needed, they would prefer to receive extended care in their home, […]
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