Connect America buys PERS business from Philips
By HME News Staff
Updated 10:24 AM CDT, Mon May 10, 2021
BALA CYNWYD, Pa. – Connect America.com, an independent provider of medical alert systems in North America, has signed a definitive agreement to acquire the Aging and Caregiving business of 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 the needs of loved ones. “Connect America and Philips ACG's shared commitment to supporting the aging journey for our subscribers and caregivers, as well as our highly complementary offerings make this acquisition a very exciting opportunity to expand our impact and better serve our subscribers,” said Janet Dillione, CEO, Connect America. “Philips ACG has been an experienced provider of digital caregiving, monitoring, and senior living solutions for more than 35 years, offering a connected data-driven ecosystem to customers across North America. Together as one team, we will deliver an unmatched, state-of-the-art health management platform.” North American subscribers of both Connect America and ACG will benefit from expanded service offerings and new innovations in connected care, the companies say. Financial terms of the deal will not be disclosed. Philips will maintain an equity stake in the company. Detroit-based Rockbridge Growth Equity remains the lead investor and will continue to provide strategic support for Connect America.
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