ECP Completes Massive Growth Financing to Accelerate Investment in AI Platform for Assisted Living

MILWAUKEE--(BUSINESS WIRE)--ECP, the leading software platform purpose-built for assisted living, announced today a significant growth investment from software specialist Level Equity with participation from ECP’s existing investors and management team. ECP will leverage the largest growth investment in the history of assisted living software to accelerate product development, with a particular emphasis on AI, value-based care, and ease-of-use. ECP currently serves over 8,000 communities across the country and has accelerated its growth sharply in recent years. The company proudly serves some of the largest, fastest growing, and most sophisticated operators in the country.

ECP is the leading software provider for assisted living communities, offering eMAR, EHR, CRM, Move-Ins, Billing, and business intelligence solutions, supported by a robust AI and data backbone. ECP’s products are designed to be as easy-to-use for community staff as possible, helping caregivers and med passers spend less time with technology and more time with residents. AI and business intelligence is built in throughout, giving operators insight into evolving acuity to help them capture revenue, assisting med passers in avoiding medication errors, and helping clinicians identify fall risks and intervene before it’s too late.

"Assisted living is the most human care setting in the world. It is people helping people get dressed, eat, bathe, and use the toilet. Our goal at ECP is to build easy-to-use technology to support this vital work," said Adam Aisen, the CEO of ECP. "This fundraise represents an incredible opportunity for ECP to leverage once-in-a-lifetime technological advancements to make life better for seniors and for the people who care for them across the country. Our management team and many of our existing investors participated alongside Level Equity in this investment and the entire ECP team is thrilled to continue to partner with our amazing customers to drive this important work forward.”

Today’s investment reinforces a major shift as assisted living operators across the country migrate from legacy tools and products built for other care-settings to modern software that is purpose-built for assisted living.

“After tracking ECP for over a decade, we could not be more excited to back Adam and the entire team on their continued journey to deliver the industry’s most innovative software platform. Taking care of our aging population is one of the most important things we do and ever more challenging given demographic and health trends,” said Ben Levin, Level Equity Co-Founder and CEO. “ECP is a uniquely attractive business that has grown dramatically in this enormous and expanding market. Now is the time to aggressively accelerate and enhance their market leading capabilities for each constituent in the senior living value chain – owners, operators, clinicians, caregivers and, most importantly, residents and their families. Like millions of other Americans, I’m living through my own parents aging into and through various forms of senior care and recognize the challenges and complexities – functionally, financially, and emotionally. Nothing is more important than doing this well and I am humbled and excited to be part of an organization that can allow others to do the same with less risk and more transparency and confidence.”

About ECP

ECP is the leading all-in-one software provider for assisted living communities, offering eMAR, EHR, CRM, Move-Ins, Billing and business intelligence solutions. Designed to enhance resident care, staff efficiency, and operational success, ECP’s technology is trusted by over 8,000 communities nationwide. With a commitment to seamless integrations and data accessibility, ECP is making assisted living software simpler and smarter. For more information, please visit www.ecp123.com.

About Level Equity

Level Equity is a middle market private investment firm focused on providing capital to rapidly growing software and technology-enabled businesses. Level provides long-term capital across various transaction types in support of continued growth. The firm has raised over $4.5 billion in committed capital for its closed funds and co-investments, and has made over 125 investments since its inception. For more information, please visit www.levelequity.com.