Towards aiding 4 million elders living with Dementia in India
To assist Indian elders grapple with dementia, Age Care Labs, our platform to build, buy and invest into businesses in senior care, has completed the acquisition of Epoch Elder Care, a provider of expert dementia care and assisted living homes for elders.
India is currently going through a demographic shift, wherein the aged population is rapidly rising.
Elders’ mental health issues are said to have a substantial impact on their morbidity and mortality. Among all neuropsychiatric disorders, dementia is a disease mostly of the old, and is one of the primary causes of disability in the elderly.
Today, India is home to about 120 million people of age 60 years and above, out of which about 4 million people living with dementia have no to very limited access to professional help with deep care protocols and clinically proven efficacy. By 2030, this figure is predicted to double.
The World Health Organisation’s (WHO) Global Burden of Disease Report calculated the proportionate contribution of different chronic diseases to the total chronic disease burden among people aged 60 years and over, and found dementia to be a major contributor. Dementia not only impacts the individual’s health and quality of life, but it also has a significant impact on the caregiver’s psychological and emotional well-being, as well as the family’s and society’s socio-economic burden.
To assist Indian elders grapple with dementia, Age Care Labs, our platform to build, buy and invest into businesses in senior care, has completed the acquisition of Epoch Elder Care, a provider of expert dementia care and assisted living homes for elders.
Epoch provides person-centred care that enables seniors to live meaningful lives. They cater to each individual’s preferences and respect their choices throughout the continuum of care.
With more than 9 years of relevant experience in India, Epoch follows evidence-based global best practices and is considered to be India’s expert in Assisted Living and Dementia Care.
With this acquisition, we also aim to provide positive beliefs about old age to elders, as research has shown that older persons who have acquired such beliefs from their surrounding culture are less likely to develop dementia.
This acquisition expands the elder care continuum with offerings in assisted living homes with Epoch. While Epoch will continue as a standalone business and grow independently, there will be greater synergies between the operations of Emoha ( startup Lumis is powering with an in-home setting for elders) and Epoch. Their products, technology, services, and care teams will collaborate to provide a complete range of eldercare services.
Emoha and Epoch continue to scale and have been on a hiring spree to aid geographic expansion, marketing, technology enhancement and better quality of care. Neha Sinha, Co-founder & CEO of Epoch, and Saumyajit Roy Co-founder & CEO of Emoha, will lead Age-labs and continue looking for other collaboration, and acquisition opportunities as the platform expands.
