Sentrics, a Periscope Equity LLC portfolio company, said April 10 that it acquired Silversphere. Financial terms weren’t announced. Silversphere, of Daytona Beach, Florida, provides software for senior living communities that detect, alert and predict resident needs that aim to help caregivers deliver proactive care and prevent emergencies.
Sentrics Acquires Silversphere to Enrich Senior Living Capabilities
The solution further strengthens Sentrics’ safety and A.I. capabilities to
move care from reactive to predictive
CHICAGO, IL—April 10, 2019— Sentrics, the emerging industry leader that provides integrated technologies to the senior living industry, today announced it has added a fourth company to round out its suite of services to senior living communities by acquiring Silversphere.
Based in Daytona Beach, Florida, Silversphere delivers a suite of interconnected solutions to senior living communities that detect, alert and predict resident needs that help caregivers deliver proactive care and prevent emergencies. Silversphere joins Allen Technologies, an innovator in patient engagement within acute care hospitals, Ciscor, a leading supplier of emergency call and monitoring solutions, and SeniorTV, a national leader for affordable cable TV and internet to the long term care industry.
“Up until now, senior living technology has been passive and reactive,” said Sentrics’ Chief Executive Officer Darin LeGrange. “The Silversphere services redefine senior living safety and move our offering to being predictive and proactive. The combined technologies of all companies are being integrated into a single robust platform including resident safety, communication, entertainment, monitoring, engagement and data analytics. This will enable operators to provide a higher level of care and better outcomes while reducing costs and increasing efficiency.”
Herman L. Dawson founded the company later named Silversphere in 1945 believing that technology would change lives. Built with the senior in mind, its solutions include non-intrusive emergency call systems, nurse call systems, resident monitoring, data warehousing and predictive analytics. Brian Dawson, grandson of the Silversphere founder, and Chief Executive Officer of the company, will remain as President and will have an expanded role leading the company’s senior-focused culture for Sentrics as Executive Vice President and Chief People Officer.
Sentrics is building an integrated, data-driven technology platform to improve the quality of resident life within their rooms and their communities. Its solution:
· Ensures resident safety through remote monitoring
· Engages residents, their families, healthcare providers and the broader community
· Entertains residents with customizable programming and ubiquitous online connectivity
· Enriches residents’ lives through new and improved access to resources
“Silversphere was developing new technology to revolutionize the eCall systems market when Sentrics approached us about joining its family,” said Dawson. “This enables a broader vision of keeping seniors independent more quickly than our own roadmap predicted.”
Herman Dawson spent his last years benefiting from his own technology while living in a senior living community. “At 97, my grandfather wore one of our wireless emergency pendants around his neck, had our wireless call stations on the wall of his apartment, and was surrounded by technology designed to keep him and his fellow residents safe, all built by the company he founded. That is the same comfort we hope to bring to every senior through Sentrics.”
Sentrics is an integrated system of data-driven technology companies delivering greater transparency and quality of life for residents, providers and families. The company partners with senior living operators to strengthen focus on the total well-being of each resident through actionable physical, medical, social and mental data. The company’s integrated platform provides a comprehensive engagement offering designed to drive greater outcomes across the senior living care continuum. Platform services include emergency call, life safety, environmental and activity monitoring, entertainment, connectivity and life enrichment within a single building or throughout a sprawling campus. Sentrics is backed by Chicago-based private equity firm Periscope Equity LLC. For more information please visit www.sentrics.net.
About Silversphere Technologies
Silversphere is a senior living specific technology company that, for over 70 years, has been dedicated to improving the lives of seniors and their caregivers. Silversphere designs, manufactures, installs, and supports emergency call systems, nurse call systems, resident monitoring, and a suite of predictive health technologies and sensors that enhance the way people and organizations care for seniors worldwide. For more information please visit www.silversphere.com.