Silver Lake Acquires A Place for Mom for Undisclosed Sum

A Place for Mom, North America’s largest network connecting families to senior living service providers, announced today that it has entered into a definitive agreement to be acquired by Silver Lake, a global leader in technology investing, and General Atlantic, a leading global growth equity firm.

Established in 2000, A Place for Mom has created a free, personalized assistance multi-channel marketing and technology platform that connects families to a network of more than 18,500 senior living providers in the U.S. and Canada. During the past year, the company has helped more than 275,000 families in their search for senior living and home care solutions.

In its next phase of growth, A Place for Mom will seek to enhance its capacity to meet the growing needs of families and adult children who are increasingly turning to the Internet to inform and navigate pivotal life decisions around senior care. The company hopes to expand its service offering across the senior living continuum to provide better access, coordination, and quality of care for the families it serves. In addition, A Place for Mom expects to make further investments in its technology platform, including cloud-based initiatives and advanced data collection and analytics.