CareMerge
Founders: Michael Davolt, age 42, Asif Khan and Fahad AzisLaunched: October 2011, began selling to customers in August, 2012
Mission: CareMerge sells its product to senior living communities. It’s designed to help care coordination and communication among care providers, family members, staff and loved ones. It’s currently used in 12 senior living communities. CareMerge ensures all information is consolidated in one place, electronically and that the information is quickly and efficiently conveyed.
Revenue stream: The senior living community pays the company for use of its product.