Clearday Accelerates Growth of Innovation Centers
- Clearday aims to tap into the 'Aging in Place' market, representing significant revenue and profit opportunities
- The company believes it is uniquely positioned to leverage its technological solutions and AI capabilities
- Identified subset of retirees in Texas provides a vibrant market for daily care in innovative centers
- None.
The Company Targets Four High Growth Markets in the Texaplex
San Antonio, Texas, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Clearday (OTCQX: CLRD) is pleased to announce a strategic decision to accelerate the growth of our daily care innovation centers. The Company intends to focus on the segment of Americans who prefer to “Age in Place” in their home. Providing care services to the “Aging in place” market represents a significant revenue and profit opportunity for the Company through leveraging our current care infrastructure. Extending services to the aging in place community fits perfectly in our suite of services and core competency. Leveraging our best in class technological solutions and AI powered capabilities, we believe we are uniquely positioned to tap into and service a market with strong demographic trends with a deliberate investing strategy.
Today, approximately 5,123,000 seniors reside in Texas. The Company has identified a subset of retirees that provide a vibrant market for daily care in innovative centers. This is a market that will also provide the Company with an accelerated and subsidized sales pipeline. Jim Walesa, Founder and CEO noted: “Clearday’s daily care professionals have worked alongside one of the premier government agencies that support a specialized category of older Americans to receive innovative daily care. Our industry leading technological solutions, robotic enhanced companion care capabilities and phenomenal staff, will allow us to service this community better than anyone. It’s a perfect fit for us.”
Mr. Walesa added: “Our new market push falls directly in our sweet spot of focused companion care. People ,combined with technology, is the future of care. Additionally, the initial geography also couldn’t fit us better as the density around our San Antonio HQ will provide us many cost advantages.” In the first expansion strategy, Clearday has targeted four new markets which are all within an hour’s drive of its headquarters in San Antonio, Texas. CEO Jim Walesa “As we begin to build on our traction and gain momentum, we will then look to other strategically sound geographies to expand into for our next phase.” Clearday’s care professionals have decades of experience operating communities with the highest rating in the industry consistently.
About Clearday™
Clearday™ is an innovative non-acute longevity healthcare services company with a modern, hopeful vision for making high-quality care options more accessible, affordable, and empowering for older Americans and those who love and care for them. Clearday has a decade-long experience in non-acute care through its subsidiary Memory Care America, which operates highly rated residential memory care communities in four U.S. states. Clearday at Home – its digital service – brings Clearday to the intersection of telehealth, Software-as-a-Service (SaaS), and subscription-based content.
Learn more about Clearday at www.myclearday.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target," "trajectory," "focus," "work to," "attempt," "pursue," or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances and are not guarantees of future performance. Actual results may differ materially from those indicated by forward-looking statements as a result of various factors, risks and uncertainties. These forward-looking statements should not be relied upon as representing Clearday's views as of any date subsequent to the date hereof. This release includes information from third sources from published reports providing such information and we have assumed the accuracy of such reports without independent investigation or inquiry. This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of the Company.
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Ginny Connolly
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