PE-backed Sentrics acquires SeniorTV and Silversphere

Austin-based Sentrics, a tech provider for senior living communities, has made two acquisitions: SeniorTV, a provider of affordable television entertainment, community-specific programming, Wi-Fi and voice solutions for senior living communities; and Silversphere, a supplier of interconnected safety solutions to senior living communities. No financial terms were disclosed. Sentrics is a portfolio company of Periscope Equity.

PRESS RELEASE

CHICAGO – April 16, 2019. Sentrics (formerly SeniorMetrics), the leading technology provider for senior living communities across the U.S., has announced the addition of SeniorTV and Silversphere to its platform, with the combined company now serving approximately 500,000 residents in over 5,000 communities.

The two acquisitions allow Austin, TX-based Sentrics to advance its objective of serving as the preferred provider of technology-enabled health, safety, entertainment and engagement solutions for senior community residents and operators. The rapidly growing company aims to redefine senior living care by providing a first-ever 360 degree view of the resident, and changing the interactions from being intrusive and reactive to being predictive and proactive.

Two Acquisitions Expand Sentrics Product Offerings
SeniorTV is the leading provider of affordable television entertainment, community-specific programming, Wi-Fi and voice solutions for senior living communities in the U.S. Silversphere delivers a suite of interconnected safety solutions to senior living communities that detect, alert and predict resident needs through remote monitoring, which helps caregivers deliver proactive care and prevent emergencies.

About Sentrics
Sentrics is building an integrated, data-driven technology platform to improve the quality of residents’ lives within their rooms and their communities. The solution:
Ensures resident safety through 24/7 remote monitoring
Engages residents, their families, healthcare providers and the broader community with interactive technology
Entertains residents with customizable programming and ubiquitous online connectivity
Enriches residents’ lives through clinical integrations offering new and improved access to resources

Periscope Equity is a Chicago-based private equity firm focused on investments in technology-enabled business services companies across five key verticals, including marketing services, healthcare services, security services, software and outsourcing. Periscope specifically targets companies that are founder-owned, with mission-critical products and service offerings, a history of sustainable profitability and known avenues to accelerate growth. In alignment with proven management teams, Periscope provides strategic, operational and commercial expertise to drive superior investment returns.