yabeo is pleased to announce that Libify Technologies GmbH, a leading service provider in elderly care and portfolio company of yabeo since 2018, successfully completed an exit to a strategic buyer, who will be revealed once the closing of the transaction is finalized.
The acquisition marks a significant milestone for both companies as they join forces to enhance and expand their offerings in the rapidly growing elderly care sector.
Libify has established itself as a high-growth digital health company with a primary focus on developing home emergency call systems to address the unique needs of the elderly population. The company's user-friendly services and technology have contributed to improved health outcomes and enhanced quality of life for several tens of thousands of seniors in Germany.
The acquiring company is known for its comprehensive portfolio of medical assistance and services, and saw great strategic potential in Libify's established customer base and its approach to further enhance market access in the evolving healthcare landscape.
Libify's existing and future customers can expect a seamless transition as the integration process begins. Both companies are committed to ensuring a smooth transition for employees, clients, and partners during this transformative period.
As yabeo continues to explore HealthTech investments, the firm remains committed to partnering with visionary entrepreneurs and companies that leverage technology to address unique healthcare needs and foster innovation.