HCF invests in Curo for senior wellbeing

HCF will invest $1 million in Curo Technologies to assist elderly people to live independently for longer.

Curo has established operations in the US residential aged care market and is currently running a number of pilots in Australia. The investment from HCF will help bring Curo’s technology to the wider Australian marketplace.

The company uses sensor technology to unobtrusively monitor the wellbeing of elderly residents in their own home or in an assisted living environment. Their activity data is collected, analysed and then securely reported on mobile devices to care providers and loved ones.

The technology allows care providers to optimise the quality and efficiency of their care, while providing relatives and friends with real-time reassurance regarding the wellbeing of their family members.

Sheena Jack, chief strategy officer at HCF, said, “HCF is constantly on the search for innovative and disruptive ideas that can improve the wellbeing of our members. Curo is a great example of this technological innovation, and HCF has a keen interest in not only the business but the greater goal of enabling people to live independently, for longer.”

Tim McDougall from Curo, said that HCF’s understanding of local systems and markets will assist the company to grow its presence in Australia.

“This investment enables us to continue supporting our growing client base both here in Australia and the US, whilst also ensuring Curo remains a functionally leading technology in the senior wellbeing space,” he said.

Curo was one of nine businesses to graduate from the 2016 HCF Catalyst program. HCF Catalyst offers Australian start-ups and growing companies the opportunity to develop and accelerate their businesses, as well as make a lasting impact in the healthcare industry.

Applications for the next round of HCF Catalyst will open later this year. More information can be found on the HCF Catalyst website.

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