ResiDex Software Secures Majority Investment from Accel-KKR
- Editor
- Jan 24
- 2 min read
What's Happening: ResiDex Software, a provider of EHR software for assisted living and senior care, has received a majority investment from Accel-KKR, a technology-focused private equity firm. This strategic investment aims to accelerate ResiDex's growth and innovation in the healthcare technology sector.
The Key Moves:
Accel-KKR makes majority investment in ResiDex Software, an EHR platform for assisted living and senior care providers.
Chris Poelma appointed as incoming CEO of ResiDex Software.
Partnership aims to drive ResiDex's growth and expand its market presence in the rapidly growing assisted living software market.
By The Numbers :
North American assisted living software market valued at $17.97 billion in 2023.
Market projected to reach $33.55 billion by 2031, growing at 8.3% CAGR from 2024 to 2031.
65+ age population expected to grow from 56.1 million in 2020 to 73.1 million by 2030, a 30% increase.
Key Quotes:
Chris Poelma: "This partnership will enable ResiDex to stay ahead of that growing need, serve our customers and take care of our seniors."
Phil Cunningham: "We are excited to partner with ResiDex, as it has demonstrated success in addressing the unique challenges of healthcare providers that run assisted care, senior care and group home facilities."
Dave Berg: "This investment is a testament to ResiDex's success in providing exceptional service to our customers over many years – and I couldn't be prouder of our team's accomplishments."
The Bottom Line: The investment by Accel-KKR in ResiDex Software positions the company for accelerated growth in the expanding assisted living software market. With the aging population trend and increasing demand for senior care services, ResiDex is well-positioned to capitalize on market opportunities and enhance its innovative solutions for healthcare providers.
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