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Associated Press
17-02-2025
- Business
- Associated Press
Boomerang Ventures Leads Seed Round in Lizzy Care to Advance AI-Driven At-Home Dementia and Memory Care Solutions
INDIANAPOLIS, IN / ACCESS Newswire Boomerang Ventures, a combination venture studio and fund, led a $2.6million Seed funding round for Lizzy Care, a health tech company offering an innovative tech-enabled platform for at-home dementia and memory care. This investment marks Lizzy Care's official addition to Boomerang Ventures' portfolio, reinforcing the firm's commitment to supporting transformative solutions in connected health technologies set to disrupt healthcare for the better. Lizzy Care: A Holistic Care Approach Leveraging Technology Lizzy Care is reimagining dementia and memory care by combining personalized, tech-enabled solutions with compassionate companionship. With this bold approach, Lizzy Care helps families enhance the independence and dignity of their loved ones living with dementia. Its platform seamlessly integrates predictive analytics, real-time care coordination, and local care management, making high-quality dementia care more proactive and accessible than ever. Addressing the Gaps in Dementia Care 'Dementia care today is fragmented and reactive, leaving families struggling to navigate complex care decisions,' said Dr. Marc Rothman, CEO of Lizzy Care. 'At Lizzy Care, we're addressing this challenge head-on with an intuitive platform that empowers caregivers, enhances communication, and ensures families experience the joy and comfort they deserve, by focusing on enhancing the quality of life for their loved ones. Boomerang Ventures' investment will be instrumental in expanding our platform, advancing product development, and accelerating our impact in key markets.' Lizzy Care's clinical oversight is led by geriatrics experts, ensuring that individuals receive proactive, top-tier dementia care. Lizzy Care is integrated with clinical practices to deliver the new CMS GUIDE program, expanding its access to comprehensive memory care services. 'The demand for dementia care is skyrocketing as the population ages and conditions like Alzheimer's become more common. In 2023, the global dementia treatment market was valued at about $17 billion and is expected to keep growing at nearly 8% a year through 2030,' said Oscar Moralez, Founder & Managing Partner at Boomerang Ventures. 'At Boomerang, we don't just invest in technology-we invest in exceptional leadership and expertise. At the core of every investment decision we make is a solid, experienced team. We are confident in Lizzy Care's seasoned team, led by Dr. Marc Rothman. His extensive expertise in geriatric medicine, home-based care, and healthcare business strategy positions them to transform at-home dementia and memory care. Their approach will ensure care is more accessible, effective, and proactive, exactly when it's needed most.' The Lizzy Care App: Technology for Seamless Care Lizzy Care's smart technology enables families and care teams to stay connected through the Lizzy Care App, which offers: Funding Allocation: Scaling Innovation and Expanding Reach Boomerang Ventures' investment will support Lizzy Care in: Advancing Connected Health Technologies 'As a company dedicated to connected health innovation, we recognize the urgent need for better dementia care solutions,' said Moralez. 'Lizzy Care is at the forefront of this transformation, delivering an AI-powered, personalized approach that aligns perfectly with our focuses on aging, chronic care, and at-home care. We are excited to partner with Lizzy Care as they scale their impact and redefine dementia care for families nationwide.' About Lizzy Care Lizzy Care is a health tech company headquartered in New York dedicated to reimagining dementia and memory care with consumer-facing, tech-enabled solutions. By combining predictive analytics, care coordination, and real-time escalation, Lizzy Care empowers caregivers and improves patient outcomes. The company's technology-driven approach, integrated with Medicare reimbursement models, makes it a scalable and accessible solution for families nationwide. For more information, visit About Boomerang Ventures Founded in 2019, Boomerang Ventures is a venture capital firm focused on early growth-stage connected health technology companies. Leveraging a combination studio and venture fund, Boomerang provides the collaborative direction, deep industry expertise, and continuum of support founders need to take their innovations from ideation to market. Boomerang believes that better patient care begins with identifying and solving the biggest challenges in healthcare. Boomerang Ventures is proudly and strategically based in Indianapolis, where the healthcare and entrepreneurial business climate is a thriving community ripe with opportunities. With a secure niche at the intersection of health technology, studio-fund synchronization, and the Midwest, Boomerang differentiates itself from the competition. Boomerang Ventures is Healthcare Innovation, Reimagined. For more information, visit Media Contact: Audra Wait 615.504.8812
Associated Press
11-02-2025
- Health
- Associated Press
NeuroX Launches AI-Powered Brain and Mental Health Screening Tool for Dementia and Psychological Conditions
JACKSONVILLE, FL, UNITED STATES, February 11, 2025 / / -- NeuroX, a leading AI-powered virtual brain health ecosystem and a project of American TelePhysicians, is proud to announce the launch of its cutting-edge AI-powered brain and mental health screening tool. This innovative tool is designed to assess the risk of dementia and various psychological conditions, offering individuals an accessible and effective way to screen for these conditions from the comfort of their own homes. The screening tool, available at leverages advanced artificial intelligence to analyze user inputs and provide risk assessments for neurological and mental health conditions. This launch further underscores NeuroX's commitment to integrating technology with specialty physician services to address the growing demand for proactive brain health management. 'The introduction of our AI-powered screening tool is a significant step in making brain and mental health care more accessible,' said Dr. Muhammad 'Umar' Farooq, Co-Founder and Chief of Neurology Services at NeuroX. 'By identifying potential risks early, individuals can take timely action and consult with our Board-Certified Neurologists, Psychiatrists, or Sleep Specialists to address their concerns, ensuring a higher quality of care and improved outcomes.' The tool's launch aligns with NeuroX's efforts to support the CMS GUIDE program, which provides comprehensive care for dementia patients and their caregivers. 'This AI-powered screening tool is a perfect complement to our CMS GUIDE participant program,' said Dr. Waqas Ahmed, Founder and CEO of American TelePhysicians. 'By offering early risk assessments, we empower patients and their families with actionable insights, enabling proactive care management and helping us deliver on our mission of creating self-sustaining healthcare ecosystems.' NeuroX continues to innovate in virtual specialty care by combining advanced technology with its team of expert physicians to meet the growing needs of patients with cognitive and mental health challenges. For more information about NeuroX, visit About NeuroX NeuroX, a subsidiary of American TelePhysicians, is an AI-powered virtual brain health ecosystem dedicated to advancing neurological, mental health, and stroke care. NeuroX combines Virtual Physician Services, advanced AI Virtual Care Technology, and strategic partnerships to provide accessible, specialized care for conditions such as dementia, sleep disorders, migraines, mental health challenges, and stroke recovery. By offering access to expert specialist physicians and a seamless, integrated approach to brain health management, NeuroX ensures patients receive personalized, high-quality care from the comfort of their homes. For more information, visit About American TelePhysicians American TelePhysicians is a Jacksonville-based digital healthcare company founded in 2017 by a team of physicians and IT professionals under the leadership of Waqas Ahmed, MD, FACP. With operations in the US, Asia, and Australia, the organization is transforming the global healthcare industry by creating customized healthcare ecosystems and bringing affordable, accessible medical services to all patients, including underserved communities. Using its AI-powered technology solutions, virtual physician services, and integrated partnerships, ATP is on its journey to build smart healthcare ecosystems beyond borders. The company's flagship projects—CURA4U, SmartClinix, and NeuroX—are revolutionizing healthcare delivery by integrating digital health platforms with specialized care to ensure timely, efficient, and affordable healthcare services. For more information, visit Legal Disclaimer:
