Acquisition will enable LiveFreely to expand its product suite with Sompo Horizon’s CareGo solution and drive expansion into the Asia-Pacific region
SAN JOSE, Calif., Dec 13 (Bernama-BUSINESS WIRE) -- LiveFreely Inc., a digital health technology company that empowers seniors and their caregivers to live more freely, connected, and independent lives, today announced the acquisition of Sompo Horizon, a premier caregiving benefits provider and subsidiary of global insurance provider, Sompo Holdings. The acquisition will allow LiveFreely to further scale and integrate its circle-of-care products, including its flagship BUDDY application with Sompo Horizon’s CareGo solution.LiveFreely’s BUDDY application provides seniors with an AI-driven personal health assistant that provides real-time health monitoring, vitals and code blue alerts, geographic boundary monitoring, and the ability to predict and prevent future falls which is among the leading causes of death among seniors. Paired with Sompo Horizon’s CareGo solution, which provides a comprehensive digital platform, concierge support service, and partner network that enhances the decision-making process for caregivers, today’s acquisition will provide LiveFreely with the ability to expand its digital health technology capabilities to benefit health systems, insurance brokerages, nursing and senior homes, schools, public institutions, individuals, families, and the broader care ecosystem.
“With CareGo, we will be able to unify our digital health technology in BUDDY, creating a one-stop, unified, and AI-enabled care experience,” said Dr. Arthur Jue, CEO and Co-founder of LiveFreely. “We founded this company because of our late father who suffered from falls, and with today’s acquisition, we’re poised to expand our mandate for digital caregiving to service mental health in schools, expand our footprint around the globe, and continue to build our platform to help seniors and caretakers live more freely.”
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