Note: Earlier this year at ScaleView, we advised Grove Menus on their sale to Aline Ops, a Rubicon Technology Partners portfolio company. For more information, check our announcement or contact us directly if it applies to your situation. We’re excited about senior living software and know investors are too.
Recent Deals
RF Technologies acquired by SRM Equity Partners (Jun 2025)
RF Technologies is a safety technology company providing tools for senior living, healthcare campuses, and other facilities. RFT designs the hardware for resident safety management and the software that ties them together. One example is wander-management badges for seniors that caretakers use to monitor location. Another example is wall-mounted fall detection devices that collect occupancy data (how long are they in the room, how long are they in bed, etc.) and enable them to alert caregivers during emergencies.
The data from these devices is aggregated into a dashboard for caregivers to see who needs help and where, regardless of the alert-triggering device. RFT has a large presence in senior living but also provides safety solutions to other end markets like hospitals, education, and hospitality. They were purchased by SRM Equity Partners, a lower middle market private equity firm headquartered in Atlanta, GA and Austin, TX.
TSO Life raises $43m from PeakSpan (May 2025)
TSOLife is a resident communications and engagement platform sold to senior-living operators. They have a really interesting product: first, they have the operators interview residents with the TSOLife mobile app to capture the recording. Then, they use AI to populate resident profiles. This data can include demographic or family information, hobbies, and interests. TSOLife then has a backend for operators that can recommend personalized programs, automate family communications, and feed wellness dashboards.
TSOLife, founded in 2014 in Tampa, FL, raised a Seed in 2020 and an $8.75m Series B in 2022. PeakSpan, a software-focused growth equity investor, invested $43m in May 2025.
WeCare Connect acquired by Activated Insights (Apr 2025)
WeCare Connect is a survey platform focused on the senior living market. They built a non-anonymous, always-on feedback platform that reaches all stakeholders (employees, residents, family members) by text or email at key touchpoints (day 14, 45, 75, six-month check-ins, post-exit, resident move-ins, etc.). Previously, senior living operators used anonymous annual surveys that didn’t provide the detail to make changes or analyze satisfaction or retention across a portfolio of facilities. WeCare Connect is based in Michigan and had a customer base focused on faith-based systems and non-profit facilities.
WeCare Connect was acquired by Activated Insights, a much larger, multi-product senior living software company owned by healthcare private equity firm Cressey & Company. Cressey originally purchased what was then called Home Care Plus in 2021. Since then, they’ve completed five acquisitions (including WeCare Connect) that created a broader HR stack for senior-care providers: Recruit (automated caregiver-hiring outreach), Engage/Retain (recognition and survey tools), Training (learning modules for caregivers) and Experience Management (client, resident and employee surveying for industry-standard CAHPS and CoreQ).
The acquisition was mainly due to the additional survey tools, but there was another interesting angle: WeCare Connect’s data asset. They have one of the industry’s most detailed survey tools and claim to have over 2 million survey interactions. This unique data set has structured, granular feedback across a number of different stakeholder groups and timeframes. This is especially valuable for operators to benchmark their business; previously they could ask “what’s our NPS vs the national average?” but now they can ask something like “what’s our 45-day turnover vs other Midwest CCRCs with similar pay bands?” It’s both more detailed and useful.
ResiDex Software acquired by Accel-KKR (Jan 2025)
ResiDex is an electronic health record (EHR) system focused on the assisted living market. Their software is an all-in-one tool for managing and tracking care for assisted living operators (and related end markets like home care and independent living). Their web app tracks resident care needs and daily activities (care plans & ADLs), record medications (eMAR), log issues like falls (incident tracking), generate and collect invoices (billing), manage leads/family communication (CRM), and run activity calendars (life enrichment). ResiDex was built for assisted living / memory-care (not hospitals), enabling easy data connectivity with billing and compliance.
ResiDex was acquired by private equity fund Accel-KKR (AKKR) in January 2025. AKKR is a technology-focused multi-strategy investment firm with over $21bn under management. This investment was from their Emerging Buyout fund, targeting lower middle market software businesses.
Sage raises $35m Series B from IVP (Dec 2024)
Sage is a venture-backed software company for senior living communities, designed to streamline daily operations within care teams. Industry insiders cite staff shortages and fall detection issues as the biggest problems. Staff shortages are common across healthcare. And falls are one of the most common catalysts for larger health issues in the elderly (one in four older people fall yearly, resulting in ~3 million emergency department visits). Sage’s first product focused specifically on solving the fall problem: it paired in-room fall-detection sensors with a gamified leaderboard that awarded points to caregivers who responded to falls the fastest. This not only reduced response times (improving safety and reducing costs), but (in theory) made it possible for caregivers to do their job in a more engaging and rewarding way, increasing staff retention.
Sage, founded in 2020, has raised $58m over three venture rounds. They’ve expanded the product to include workforce management features like digital task management and analytics. They are growing fast and are one of the most interesting companies in the space.
Key Acquirers / Platforms
Aline Ops (owned by Rubicon Technology Partners)
- Aline is an all-in-one ops stack for senior-living operators that includes CRM, resident care, billing, foodservice, maintenance, and analytics under a single login.
- Aline formed in late 2022 when Rubicon merged Glennis Solutions, Enquire Solutions and Sherpa CRM into a single platform focused on the sales and resident acquisition side of senior living software.
- Since then, Aline has completed three acquisitions.
- The first acquisition was Vitals Software in early 2024, adding resident-care & incident-tracking workflows functionality.
- In early 2025, Aline purchased Grove Menus (a ScaleView client) to add a foodservice and dining module (plus a large footprint of new communities).
- They also added Roobrik in 2025, which gave operators more sales functionality. Roobrik provides tools to create and execute lead-qualification surveys (like “Is it time?” surveys that capture 20+ data points for lead scoring).
LifeLoop (owned by Vista Equity Partners & Halestreet)
- LifeLoop is a resident-engagement and staff-workflow hub with activity calendars, family chat, fall-alert dashboards, and task lists in one interface.
- LifeLoop was founded in 1999, bought by a private equity group in 2015, and purchased by Vista Equity in 2021. They acquired Linked Senior (Jul 2024) which added additional evidence-based resident-engagement programming (games or brain fitness exercises).
PointClickCare (Owned by Hellman & Friedman, Dragoneer, JMI Equity, and others)
- PointClickCare is the largest EHR player in post-acute care (senior living and other categories). Their platform includes clinical charting, eMAR, billing, PDPM (a Medicare payment model), payer contracting, and more. They’re used in most skilled-nursing beds in the US.
- PointClickCare was founded in 2000 and first took outside capital in 2011. Under various owners, they’ve made 10 acquisitions since 2011, including the transformative $640m acquisition of Collective Medical in 2020.
Activated Insights (owned by Cressey & Company)
- All-in-one software platform for the senior living industry created by combining several solutions. See above for a longer discussion of product, market, and capital structure.
LivTech (owned by PSG Equity)
- LivTech is a healthcare technology company powering core workflows for senior living, home care, and other end markets. They have a core EHR product for the medical side and complementary solutions for workforce management, financial operations / billing, CRM, resident engagement, dining, and more.
- Private equity funds PSG and GSV created the platform in 2019. According to PitchBook, GSV exited their stake in early 2024 while PSG rolled over their stake to their new fund.