SafelyYou raises $40 million

AI-enabled fall management technology company SafelyYou closed a $30 million Series B funding round led by Omega Healthcare Investors, a real estate investment trust that invests in the long-term healthcare industry. As part of its investment, Omega also prepaid $10 million to fund installations of SafelyYou across their 944 facilities.

SCAN Group, the parent organization of SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, is also participated in the round.

Founded in 2015, SafelyYou uses AI to provide real-time video of resident falls. When an incident happens, it alerts care staff immediately so the video can be reviewed and appropriate action can be taken. Privacy and liability are protected through cameras that activate only when a fall is detected. Memory care staff can use the videos to determine the root cause, the need for an ER visit, and resident-specific care strategies.

The news comes after State Farm announced that its Sundial® mobile app, which was designed to help seniors living at home interact with their circle of care, will be discontinued.

Bottom Line: Church Mutual is a partner.