Connect America looks to senior care with purchase of Royal Philips Aging and Caregiving business mobihealthnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mobihealthnews.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Rockbridge Growth Equity Management, L.P. ("Rockbridge Growth Equity") today announced that it has held a final closing on RB Equity Fund II, L..
Rockbridge Growth Equity Closes Second Private Equity Fund, at $345M
Detroit, MI-based
Rockbridge Growth Equity Management, L.P., closed RB Equity Fund II, L.P, and RB Equity Fund II-A, L.P., collectively “Fund II”, at $345m.
Fund II, which follows Rockbridge’s Fund I, a secondary vehicle that was raised in 2019, received support from include fund-of-funds, corporate and public pensions, financial institutions, consultants, multi-family offices, CEOs, founders and industry executives.
Fund II focuses on digital media & e-commerce, tech-enabled products & services, financial services and consumer services.
Fund II has already made four platform investments:
ProSites, a provider of subscription-based digital marketing solutions to community professionals such as dentists, CPAs, and other medical providers across North America;
Connect America To Acquire Philips Aging and Caregiving Business
Wednesday, May 5th, 2021
BALA CYNWYD, Penn. (May 5, 2021) Connect America.com, LLC, a nationally recognized provider of connected health solutions, announced that it has signed a definitive agreement to acquire the Aging and Caregiving (ACG) business from Royal Philips. The ACG business offers the Lifeline Personal Emergency Response System (PERS) and senior living solutions with 24/7 access to trained care specialists, and digital solutions that help caregivers stay connected and coordinate their loved one’s needs. North American subscribers of both Connect America and ACG will benefit from expanded service offerings and new innovations in connected care. Financial terms of the deal will not be disclosed. Subject to regulatory approvals, the deal is expected to close in the weeks ahead. Philips will maintain an equity stake in the company. Until close, the two companies will continue to operate fully independently
Connect America Acquires Philips Aging and Caregiving Business
Combined Business Will Service an Expanded Customer Base of PERS and Senior Living Subscribers and Healthcare Providers with Innovative Technologies in Connected Care across the U.S. and in Canada
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BALA CYNWYD, Pa., May 5, 2021 /PRNewswire/ Connect America.com, LLC, a nationally recognized leading innovator in connected health solutions, announced today that it has signed a definitive agreement to acquire the Aging and Caregiving (ACG) business from Royal Philips (NYSE: PHG). The ACG business offers the Lifeline Personal Emergency Response System (PERS) and senior living solutions with 24/7 access to trained care specialists, and digital solutions that help caregivers stay connected and coordinate their loved one s needs. North American subscribers of both Connect America and ACG will benefit from expanded service offerings and new innovations in connected care