CHICAGO – Private equity firm GTCR has announced that it will acquire GreatCall, Inc., a provider of connected health and personal emergency response services (PERS) for active aging that serves more than 800,000 subscribers across the United States.
As part of the transaction, GTCR will partner with David Inns, CEO of GreatCall, and the company’s management team as they continue to grow and develop its technology and services offering.
“David and the GreatCall team have built a tremendous business that is well-positioned for long-term success in an important industry,” said David Donnini, GTCR managing director, in a statement. “As America’s senior population continues to grow, technology enabling seniors to live independently at home for longer both significantly improves their quality of life and reduces the cost to care for them.”
GreatCall’s product offering includes senior-friendly hardware combined with one-touch connectivity to trained agents who can answer questions, dispatch emergency personnel, connect to family caregivers and provide additional concierge services.
“We are excited to partner with GTCR as we continue to provide seniors with exceptional services that provide peace of mind and extend independent living,” said Inns, in a statement. “GTCR brings significant resources and experience in building industry-leading companies, and we believe they will be a valuable resource in the long-term expansion of our business.”
The transaction is expected to close in the third quarter of 2017.