HCF invests in Curo for senior wellbeing


Tuesday, 13 September, 2016


Dollarphotoclub 91991055

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.

Image credit: ©Syda Productions/Dollar Photo Club

Related News

ISACA rep works with UN to advance gender equality

An Australian delegation heading to the United Nations Commission on the Status of Women will be...

VidCon makes Melbourne its home

Melbourne will host the world's largest online video conference, VidCon, in 2019 and 2020.

RMIT launches Australian-first blockchain strategy course

The RMIT course was developed with industry to enable business leaders to develop a rich and...


  • All content Copyright © 2018 Westwick-Farrow Pty Ltd