Sage Raises $35M in Debt Facility from Stifel Bank

The company will use the funding to expand its Hardware-as-a-Service (HaaS) program, helping senior living communities and skilled nursing facilities upgrade outdated infrastructure without the need for large upfront investments.

Sage is making its integrated technology platform more accessible by offering both software and hardware through a single solution for senior living and skilled nursing facilities. This approach gives care providers access to modern technology without high upfront costs.

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Its AI-powered life safety hardware includes fall detection, life safety devices, and elopement sensors that help caregivers respond more quickly to falls and prevent residents from leaving facilities unsafely. The system sends data directly to Sage's software platform, making care management more efficient.

With ongoing technology upgrades included as part of the service, facilities can always use the latest tools to improve resident safety. The new model also speeds up deployment by reducing the delays and high initial costs often associated with major infrastructure upgrades.

The senior care technology market is filled with separate systems that solve only individual problems and often do not fit how care providers budget for technology. Traditional infrastructure can cost between $150,000 and $300,000 upfront, along with ongoing maintenance and hardware replacement costs, forcing many facilities to delay important upgrades and continue using outdated systems.

Relying on older technology can slow caregiver response times and affect the quality of resident care. It also increases pressure on staff, contributing to burnout and the high employee turnover rate across the senior care industry.

"When a senior living community has to delay upgrading a broken or outdated life safety system because of budget constraints, it is the residents and the frontline caregivers who pay the price," said Raj Mehra, co-founder and CEO of Sage. "We restructured our model specifically to remove that barrier — so that when an operator is ready to modernize, capital approval cycles don't slow down care improvement.

About Sage

Founded in 2020 by Raj Mehra, Matt Lynch, and Ellen Johnston, Sage develops an integrated care platform for senior living and skilled nursing facilities. Inspired by their own families' experiences with the healthcare system, the founders built Sage to replace outdated technology with modern software and AI-powered tools that help caregivers deliver safer, more efficient, and more personalized care.

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