Live Oak Ventures Participates in Financing of Sunbound, Inc.
Live Oak Ventures, the investment arm of Live Oak Bancshares, has announced an investment in Sunbound Inc., a provider of automated financial operations solutions for the senior housing industry. Sunbound's platform optimizes financial operations through digital payments, claims management, and data insights to improve cash flow for senior housing communities.
The platform aims to help senior housing facilities focus on residential care while enhancing their financial profile and operational efficiency. The Sunbound platform provides comprehensive revenue solutions, optimizing insurance claims and private pay solutions.
Live Oak Ventures, il braccio di investimento di Live Oak Bancshares, ha annunciato un investimento in Sunbound Inc., un fornitore di soluzioni automatizzate per le operazioni finanziarie nell'industria dell'alloggio per anziani. La piattaforma di Sunbound ottimizza le operazioni finanziarie attraverso pagamenti digitali, gestione dei reclami e analisi dei dati per migliorare il flusso di cassa delle comunità per anziani.
La piattaforma mira ad aiutare le strutture di alloggio per anziani a concentrarsi sulla cura residenziale mentre migliora il loro profilo finanziario e l'efficienza operativa. La piattaforma Sunbound offre soluzioni complete per i ricavi, ottimizzando i reclami assicurativi e le soluzioni di pagamento privato.
Live Oak Ventures, el brazo de inversión de Live Oak Bancshares, ha anunciado una inversión en Sunbound Inc., un proveedor de soluciones automatizadas para operaciones financieras en la industria de la vivienda para personas mayores. La plataforma de Sunbound optimiza las operaciones financieras a través de pagos digitales, gestión de reclamaciones y análisis de datos para mejorar el flujo de caja de las comunidades de vivienda para mayores.
La plataforma tiene como objetivo ayudar a las instalaciones de vivienda para mayores a centrarse en la atención residencial mientras mejora su perfil financiero y la eficiencia operativa. La plataforma Sunbound ofrece soluciones integrales de ingresos, optimizando los reclamaciones de seguros y las soluciones de pago privado.
라이브 오크 벤처스는 라이브 오크 뱅크셰어스의 투자 부문으로, 선바운드 주식회사에 대한 투자를 발표했습니다. 선바운드의 솔루션은 노인 주거 산업을 위한 자동 재무 운영 솔루션을 제공합니다. 선바운드 플랫폼은 디지털 결제, 클레임 관리 및 데이터 인사이트를 통해 재무 운영을 최적화하여 노인 주거 커뮤니티의 현금 흐름을 개선합니다.
이 플랫폼은 노인 주거 시설이 주거 돌봄에 집중할 수 있도록 돕고, 재무 프로필과 운영 효율성을 향상시킵니다. 선바운드 플랫폼은 포괄적인 수익 솔루션을 제공하며, 보험 청구 및 개인 지불 솔루션을 최적화합니다.
Live Oak Ventures, le bras d'investissement de Live Oak Bancshares, a annoncé un investissement dans Sunbound Inc., un fournisseur de solutions automatisées pour les opérations financières dans l'industrie du logement pour personnes âgées. La plateforme de Sunbound optimise les opérations financières grâce à des paiements numériques, à la gestion des réclamations et à des analyses de données pour améliorer le flux de trésorerie des communautés de logement pour personnes âgées.
La plateforme vise à aider les établissements de logement pour personnes âgées à se concentrer sur les soins résidentiels tout en améliorant leur profil financier et leur efficacité opérationnelle. La plateforme Sunbound offre des solutions de revenus complètes, optimisant les réclamations d'assurance et les solutions de paiement privé.
Live Oak Ventures, der Investitionsarm von Live Oak Bancshares, hat eine Investition in Sunbound Inc. angekündigt, einen Anbieter von automatisierten Finanzoperationen für die Seniorenwohnungsbranche. Die Plattform von Sunbound optimiert die Finanzoperationen durch digitale Zahlungen, Schadensmanagement und Datenanalysen, um den Cashflow für Seniorenwohnanlagen zu verbessern.
Die Plattform zielt darauf ab, Seniorenwohnanlagen zu unterstützen, sich auf die Wohnpflege zu konzentrieren, während sie ihr finanzielles Profil und ihre betriebliche Effizienz verbessern. Die Sunbound-Plattform bietet umfassende Einnahmelösungen und optimiert Versicherungsansprüche sowie private Zahlungsoptionen.
- Strategic investment in fintech solution for senior housing sector
- Expansion into growing senior housing market vertical
- Potential revenue synergies with existing senior housing business
- None.
Insights
The investment by Live Oak Ventures in Sunbound represents a strategic move into the growing intersection of fintech and senior housing services, though the investment amount remains undisclosed. Sunbound's platform addresses critical pain points in senior housing financial operations, particularly in insurance claims processing and payment management. The senior housing market faces significant operational challenges, with complex revenue cycles and increasing demand for digital solutions.
This investment aligns with Live Oak's existing expertise in the senior housing vertical and could potentially create synergies with their banking services. The focus on improving cash flow and operational efficiency through automation is particularly relevant given the current economic environment where operational margins in senior housing are under pressure. However, without disclosed financial terms or specific performance metrics, the immediate impact on Live Oak Bancshares' stock remains
WILMINGTON, N.C., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Sunbound Inc., a provider of automated financial operations solutions for the senior housing industry.
Sunbound leverages best in class technology to optimize financial operations, so senior housing communities can concentrate on delivering exceptional residential care while improving their financial profile and operational efficiency.
“Our team understands the challenges of operating in the senior housing market. Sunbound is offering an important, next-generation financial operating system that helps businesses navigate those challenges,” said Stephanie Mann, Live Oak Bank Chief Strategy Officer. “We are excited to invest in a company that is helping to advance and simplify revenue generation for a vertical we have been serving for many years.”
The Sunbound platform is a comprehensive revenue solution that helps optimize insurance claims and private pay solutions. The platform allows for online digital payments, claims management, data insights and improved cash flow.
“The Live Oak team brings a wealth of knowledge and experience, both in financial technology and the senior living industry,” said Manny Cominsky, CEO of Sunbound. “We look forward to collaborating with their team to achieve our shared vision of solving operators’ most pressing challenges, improving their financial performance and meeting the evolving needs of their residents.”
About Live Oak Ventures
Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NYSE: LOB), is a fintech-focused investor that aims to bring innovation and performance excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital solutions to the market, Live Oak Ventures intends to change the landscape of financial services and small business banking.
About Sunbound
Sunbound is on a mission to enhance, streamline and ultimately transform the financial processes for both senior living operators and their families. Today, senior living operators receive over
Contact:
Claire Parker
Live Oak Bank, Corporate Communications
910.597.1592
claire.parker@liveoak.bank
FAQ
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