Medical alert systems or personal emergency response systems are a quick way for the elderly and those with health issues to receive help when it’s most urgently required. While the first medical alert systems made their debut in the 1970s, the introduction of AI and IoT combined with an aging baby boomer population will lead this market to expand to $17B by 2027. Aloe Care Health is a modern medical alert system that offers live, hand-free communications with family and emergency response teams that has integrated motion, temperature, and air quality sensors. The company’s smart hub is voice-activated and operates on AT&T’s 4G networks without the need for WiFi, connecting concerned family members in seconds without the need for intrusive cameras. Aloe Care Health provides the company’s proprietary hardware for an initial fee that starts at $149.99 for a hub and care button and the recurring monitoring and communication service starts at $29.99 per month. AlleyWatch caugh
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Aloe Care Health, cofounded by Ray Spoljaric, is a modern medical alert system that offers live, hand-free communications with family and emergency response teams that has integrated motion, temperature, and air quality sensors.
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Aloe Care s 2020-21
brisk revenue growth was achieved across multiple revenue streams, including white-label offerings, private duty homecare providers, select insurance partners, and direct-to-consumer online sales. This round ensures the company can continue to meet the exceptional pace of adoption by elders and caregivers in the wake of COVID-19. With more than 50 million people in unpaid caregiving roles, and nearly 60 million people now aged 65+, Aloe Care is poised to support nearly half of the U.S. adult population.
Josh Cohen, Partner at City Light, said, We exist to support companies like Aloe Care - those that are making a measurable impact on large-scale societal issues. Aloe Care is delivering a solution critically needed by millions of people, elders and caregivers alike, Cohen noted.