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Arlo Acquires Aloe Care Health, Expanding Arlo SaaS Platform to Support Aging in Place and Wellness Care

ARLO
  • Arlo Technologies has completed the acquisition of Aloe Care Health, an AI-powered medical alert and fall prevention platform.
  • The transaction accelerates Arlo's expansion into the 65-and-older demographic, which represents 1 in 6 Americans & grows nearly five times faster than the total population.
  • The deal aligns with Arlo's strategy to leverage its strong capital position as paid accounts surpass the 6 million mark.
  • Combined offerings include Aloe Care's patented hardware, ambient sensing, AI-driven fall prevention, & a family caregiving app integrated with Arlo's SaaS platform.
  • The partnership aims to improve aging-in-place outcomes by reducing hospitalizations & lowering costs through faster care coordination.
  • Arlo CEO Matthew McRae stated the acquisition targets an underserved market requiring innovation for appropriate home care levels.
  • Aloe Care CEO Evan Schwartz noted the smart home healthcare market is projected to reach $285 billion by 2034.
  • Approximately 87% of adults over 65 wish to remain in their current homes, while 90% of U.S. homes are not "aging ready."
  • Arlo remains committed to privacy standards & data protection while integrating Aloe Care's emergency response & smart call triage routing.