CareScout finishes purchase of Seniorly

CareScout, a company under the Genworth umbrella that focuses on assisting families in navigating the challenges of aging, has recently completed the acquisition of Seniorly, Inc. Seniorly is a prominent technology platform and advisor network that plays a vital role in connecting families with senior living communities and essential resources. The transaction, which amounted to approximately $15 million, was fully financed using Genworth’s existing holding company cash.

Through this acquisition, CareScout aims to enhance its direct-to-consumer capabilities significantly. It also serves as a catalyst in advancing the company’s long-term strategy to simplify and bring dignity to the process of understanding, locating, and financing long-term care solutions for families. Over the next few months, Seniorly, along with its advisor network and associated partners, will transition to the CareScout platform.

CareScout’s core mission is to facilitate elderly individuals and their families in navigating the complexities of the aging journey while ensuring access to top-notch care services. By establishing an integrated ecosystem of care and funding solutions, CareScout aims to provide an all-encompassing support system. As a wholly-owned subsidiary of Genworth Financial, Inc., CareScout Holdings, Inc. is dedicated to delivering quality care solutions that uphold the values of simplicity and dignity.

While announcing the acquisition, CareScout issued a cautionary note regarding forward-looking statements. The company disclosed that the press release contains certain forward-looking projections about the anticipated benefits of the acquisition, future business prospects, and financial performance. These forward-looking statements are based on current expectations and assumptions but are susceptible to inherent uncertainties and risks that may affect the actual outcomes and results.

Global political, economic, business, competitive, market, and regulatory factors, among others, could potentially influence the realization of these forward-looking projections. CareScout emphasized that any alterations or modifications to the statements may occur due to evolving circumstances. The company affirmed its commitment to providing updates on these forward-looking statements as necessary.

For media inquiries, Evans Mandes can be contacted at [email protected], while investors can reach out to Christine Jewell at [email protected]. The completion of the acquisition of Seniorly marks a significant milestone for CareScout as it continues to strive towards enhancing its service offerings in the field of long-term care solutions. This strategic move not only strengthens CareScout’s position in the market but also paves the way for a more streamlined and efficient process for families seeking elder care resources.