LiveFreely, a San Jose, CA-based digital health technology company, acquired Sompo Horizon, a caregiving benefits provider and subsidiary of global insurance provider, Sompo Holdings.
The amount of the deal was not disclosed.
The acquisition will allow LiveFreely to further scale and integrate its circle-of-care products, including its flagship BUDDY application with Sompo Horizon’s CareGo solution.
Led by CEO Tetsuya Morito, Sompo Horizon develops the CareGo solution, which provides a comprehensive digital platform, concierge support service, and partner network that enhances the decision-making process for caregivers.
Led by CEO Dr. Arthur Jue, and CTO Daniel Jue, LiveFreely provides digital health technology solutions that empower seniors and their caregivers to live more freely, connected, and independent lives. Its flagship application, BUDDY, leverages AI to monitor, track, and alert caregivers, first responders, and emergency services personnel of critical health issues in real-time through smart wearables. It also fosters a supportive, sustainable ecosystem of health professionals, families, and friends, promoting security, and well-being for people in need.
FinSMEs
13/12/2024