The amount of the deal was not disclosed. Adaptive Healthcare, a Southern California-based investment fund focusing on opportunities driven by healthcare transformation, made the investment via its LaunchPad Fund. In connection with the investment, Adaptive Healthcare Investment Committee co-chair Harry Nelson has joined the advisory board of LifeAssist, providing ongoing support to the company.
Led by co-founder and CEO Val Ornoy, LifeAssist integrates its enterprise software platform with a low-cost in-home device to coordinate care and streamline communication and collaboration between caregivers, families, and health professionals.
The company partners with a wide range of care providers to introduce its daily care management solutions to their seniors and families.