senior care
The funding round comes months after the company raised $19.5 million in Series A financing.
Baby boomers are less likely to see therapists or psychiatrists, despite the growing need during the pandemic. Telehealth could help lower those barriers to care.
The company said its valuation is now $1.4 billion.
Balanced CEO Katie Reed said general virtual fitness platforms may not take seniors’ needs into account, and options geared toward older adults can be too clinical.
LifeBio Memory aims to improve the social and mental health of seniors through reminiscence therapy.
Amazon said the Alexa Smart Properties tools save time and allow healthcare providers and other caregivers to focus on higher level tasks.
Oak Street Health said the acquisition will improve the specialty care experience for patients, improve care coordination and lower costs.
Papa’s care team will coordinate with Uber Health and Papa companions to provide transportation for seniors.
The company offers a system that aims to break down healthcare silos.
The acquisition builds on Best Buy’s previous investments in senior care and remote patient monitoring.