100Plus acquired by Connect America
Deal Synopsis
The company was acquired by Connect America, via its financial sponsor Rockbridge Growth Equity, through an LBO on August 24, 2021 for an undisclosed sum. See the Press Release.
Seller Details
100Plus offers a proprietary remote patient monitoring platform facilitating better care to elderly patients. The company's platform offers end-to-end solutions including patient outreach, device setup, patient engagement and automatic bill generation in integration with the medical devices, empowering doctors to manage their chronic patients remotely as well as proactively engage them to avoid expensive and episodic care.
Buyer Details
Connect America provides emergency medical alert systems designed for older adults to get easy emergency access. The company offers wearable personal emergency response systems and cellular-based systems enabled with GPS technology providing 24x7 protection for individuals with physical challenges, declining health conditions and other concerns, enabling users to connect with emergency response operators at the push of a button in the event of an emergency.
Rockbridge Growth Equity is a partnership-driven, middle market private equity firm based in Detroit, Michigan.