Periscope Equity Launches Sentrics and Appoints Darin LeGrange CEOAugust 22, 2018
Chicago – August 22, 2018. Chicago-based private equity firm, Periscope Equity LLC (“Periscope”) announced today that it has partnered with healthcare IT veteran, Darin LeGrange to launch Sentrics, Inc. (“Sentrics”), a data-driven hardware, software and services platform to deliver safety, health monitoring and engagement solutions to the senior living industry.
The Sentrics platform is singularly focused on improving the quality of care for seniors. By capturing, analyzing and rendering permissioned physical, medical, safety and activity data in real-time, the Sentrics platform will provide actionable insights to materially improve the safety and care of residents. Additionally, the platform will deliver anytime, anywhere access to families, differentiated offerings and operating efficiencies to operators and enhanced utilization and performance of staff. Leveraging its investment in CISCOR Inc., an industry-leading provider of emergency call systems, Sentrics plans to build a comprehensive, interconnected suite of safety, activity and entertainment solutions targeted to senior housing operators.
Darin brings over 25 years of wide-ranging healthcare experience – from technology startups to Fortune 100 companies – to the Sentrics team. Most recently, Darin served as Managing Director of North America Healthcare at Atos, where he led the market strategy and delivery to hundreds of hospital, payer and life science organizations, as well as the completion and integration of three simultaneous acquisitions to drive exponential growth. Prior to Atos, Darin was the President and CEO of Aldera, a leading provider of healthcare payer solutions, which was acquired by Evolent Health in 2016. Before joining Aldera, Darin served as CEO of two healthcare IT businesses and began his career with roles at Electronic Data Systems (EDS Inc., acquired by HP) and Affiliated Computer Services (ACS Inc., acquired by Xerox).
“With the shift and re-alignment of risk and the convergence of delivery and financing in the healthcare industry, there are unique opportunities to leverage current and emerging technologies to simultaneously improve outcomes, enhance experiences and reduce costs,” said LeGrange. “I am excited to partner with Periscope Equity to create this exciting new platform, and, do our part for the imperatives facing the healthcare industry.”
“We are thrilled to partner with an executive of Darin’s caliber, to aggressively pursue a buy and build strategy to grow the Sentrics platform,” said Steve Jarmel, Chairman of Sentrics. “Darin has a demonstrated track record of success in building technology-enabled healthcare businesses with the same outcomes-based approach we see developing in the senior living industry.”
Sentrics is actively looking for like-minded, forward-thinking safety, voice, data, engagement and entertainment technology and service providers interested in joining the Sentrics family to bring transformational change to the senior living industry.
Sentrics is a collective ecosystem of data-driven technology companies enabling greater transparency into the quality of life for residents, senior living operators and families. The Company partners with senior living facilities to strengthen the focus on the total well-being of each resident through actionable physical, medical, social and mental data. The Company’s integrated platform provides a comprehensive engagement offering built to drive greater outcomes across the senior living care continuum.
Leading the way in senior living technology, Sentrics is extending its reach across all acuity levels to help communities and hospitals nationwide transform into more sophisticated, clinically oriented, risk-management businesses that put patients and residents front and center. The Sentrics360SM suite creates a physical, medical, social and behavioral 360-degree view of the wellbeing of each senior living resident. This game-changing solution integrates popular third-party solutions and includes RTLS-based emergency call, life safety, contact tracing and case management; a 3-in-1 television, Internet and voice-based entertainment solution; whole-health, personalized engagement, and AI-based insights. To round out the care continuum, Sentrics offers the E3 Patient Experience Platform to provide an interactive TV-based engagement platform that puts the patient in control, integrates communication and drives clinical efficiencies to improve care quality.