Periscope Equity Launches SeniorMetrics Inc. and Appoints Healthcare Technology Veteran Darin LeGrange as Chief Executive Officer
New Platform to Bring Data-Driven Technology Solutions to the Senior Living Industry
CHICAGO, August 22, 2018 (Newswire.com) - Chicago-based private equity firm, Periscope Equity LLC (“Periscope”) announced today that it has partnered with healthcare IT veteran, Darin LeGrange to launch SeniorMetrics, Inc. (“SeniorMetrics”), a data-driven hardware, software and services platform to deliver safety, health monitoring and engagement solutions to the senior living industry.
The SeniorMetrics platform is singularly focused on improving the quality of care for seniors. By capturing, analyzing and rendering permissioned physical, medical, safety and activity data in real-time, the SeniorMetrics platform will provide actionable insights to materially improve the safety and care of residents. Additionally, the platform will deliver anytime, anywhere access to families, differentiated offerings and operating efficiencies to operators and enhanced utilization and performance of staff. Leveraging its investment in CISCOR Inc., an industry-leading provider of emergency call systems, SeniorMetrics plans to build a comprehensive, interconnected suite of safety, activity and entertainment solutions targeted to senior housing operators.
Darin brings over 25 years of wide-ranging healthcare experience – from technology startups to Fortune 100 companies – to the SeniorMetrics team. Most recently, Darin served as Managing Director of North America Healthcare at Atos, where he led the market strategy and delivery to hundreds of hospital, payer and life science organizations, as well as the completion and integration of three simultaneous acquisitions to drive exponential growth. Prior to Atos, Darin was the President and CEO of Aldera, a leading provider of healthcare payer solutions, which was acquired by Evolent Health in 2016. Before joining Aldera, Darin served as CEO of two healthcare IT businesses and began his career with roles at Electronic Data Systems (EDS Inc., acquired by HP) and Affiliated Computer Services (ACS Inc., acquired by Xerox).
“With the shift and re-alignment of risk and the convergence of delivery and financing in the healthcare industry, there are unique opportunities to leverage current and emerging technologies to simultaneously improve outcomes, enhance experiences and reduce costs,” said LeGrange. “I am excited to partner with Periscope Equity to create this exciting new platform, and, do our part for the imperatives facing the healthcare industry.”
“We are thrilled to partner with an executive of Darin’s caliber, to aggressively pursue a buy and build strategy to grow the SeniorMetrics platform,” said Steve Jarmel, Chairman of SeniorMetrics. “Darin has a demonstrated track record of success in building technology-enabled healthcare businesses with the same outcomes-based approach we see developing in the senior living industry.”
SeniorMetrics is actively looking for like-minded, forward-thinking safety, voice, data, engagement and entertainment technology and service providers interested in joining the SeniorMetrics family to bring transformational change to the senior living industry.
For more information, please visit: www.seniormetrics.com
SeniorMetrics is a collective ecosystem of data-driven technology companies enabling greater transparency into the quality of life for residents, senior living operators and families. The Company partners with senior living facilities to strengthen the 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 built to drive greater outcomes across the senior living care continuum.
About Periscope Equity LLC
Periscope Equity is a Chicago-based private equity firm dedicated to buyouts of technology-enabled business services companies within niche sector leaders that have unique technology, data, intellectual property, or service offerings; a history of sustainable profitability and cash generation; and known avenues for growth. Services sectors of focus include healthcare, marketing, security, software and BPO. Periscope seeks to provide its portfolio companies with liquidity, growth capital and access to its network of operational experts, to drive sustainable growth and superior investment returns on an accelerated schedule. For more information, please visit www.periscopeequity.com.
Source: Periscope Equity LLC