Caregiving Marketplace CareLinx Acquired by Insurer Generali Global Assistance
This week, Generali Global Assistance announced its acquisition of Silicon Valley-based CareLinx for undisclosed terms.
“CareLinx shares our mission of improving lives through services that can lessen the impacts of life’s most stressful periods,” said Chris Carnicelli, CEO of Generali Global Assistance. “By providing them with the necessary resources to rapidly expand their market share, we believe we will help them positively affect change to senior care services in the United States.”
Founded in 2011, CareLinx joined StartUp Health’s Longevity Moonshot in 2012, and has steadily grown its market share since. It is now the largest caregiver marketplace in the country, with over 200,000 caregivers registered on the platform.
…CareLinx matches individuals in need of care with trained and experienced caregivers…Under the guidance of its founder, Sherwin Sheik, [the company has steadily added partnerships] with health systems and insurance companies to make post-acute care more efficient and affordable.
According to the two companies, the acquisition of CareLinx by Generali Global Assistance will allow them to offer “a wide spectrum of post-acute care services.” CareLinx already matches individuals with caregivers, enables family members to track their daily activities, and allows its users to schedule rides in-app using Lyft. Generali Global Assistance will add its around-the-clock, nurse-and-doctor-supported telephonic medical assistance to these services.